Skilstream Limited - Accounts to registrar (filleted) - small 18.2

Skilstream Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09827044(England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2018

for

Skilstream Limited

Skilstream Limited (Registered number: 09827044)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Skilstream Limited

Company Information
for the Year Ended 31 May 2018







DIRECTOR: J M Hand





SECRETARY: J Lishman





REGISTERED OFFICE: 04 Whitchurch Parade,
Whitchurch Lane
Edgware
Middlesex
England
HA8 6LR





REGISTERED NUMBER: 09827044(England and Wales)





ACCOUNTANTS: Amity Management Consulting Ltd
Chartered Certified Accountants
04 Whitchurch Parade
Whitchurch Lane
Edgware
Middlesex
HA8 6LR

Skilstream Limited (Registered number: 09827044)

Balance Sheet
31 May 2018

31.5.18 31.5.17
Notes £    £   
CURRENT ASSETS
Debtors 4 15,220 7,324
Prepayments and accrued income - 1,350
Cash at bank 5 5,046 5,032
20,266 13,706
CREDITORS
Amounts falling due within one year 6 9,190 12,972
NET CURRENT ASSETS 11,076 734
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,076

734

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 10,976 634
SHAREHOLDERS' FUNDS 11,076 734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 January 2019and were signed by:





J M Hand- Director


Skilstream Limited (Registered number: 09827044)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Skilstream Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2017 - 2) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade debtors 16,812 2,982
Brainsells Ltd (1,592 ) 4,342
15,220 7,324

5. CASH AT BANK
31.5.18 31.5.17
£    £   
Bank account no. 1 2,043 282
Bank account no. 2 3,003 4,750
5,046 5,032

Skilstream Limited (Registered number: 09827044)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade creditors (1 ) (2 )
Tax 3,956 2,859
VAT 3,514 2,156
Other creditors 918 -
Directors' current accounts 803 1,629
Accruals and deferred income - 4,305
Accrued expenses - 2,025
9,190 12,972

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.18 31.5.17
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 June 2017 634
Profit for the year 16,842
Dividends (6,500 )
At 31 May 2018 10,976