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REGISTERED NUMBER: 05333037 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

STREET RUNNERS LIMITED

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STREET RUNNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2019







DIRECTOR: S Ibelgaupt





SECRETARY: S Ibelgaupt





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 05333037 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)

BALANCE SHEET
30 APRIL 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,270 11,636

CURRENT ASSETS
Stocks 42,950 79,120
Debtors 5 53,529 70,363
Cash at bank 11 7,858
96,490 157,341
CREDITORS
Amounts falling due within one year 6 143,627 163,524
NET CURRENT LIABILITIES (47,137 ) (6,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,867

)

5,453

CREDITORS
Amounts falling due after more than one
year

7

6,642

-
NET (LIABILITIES)/ASSETS (33,509 ) 5,453

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (33,529 ) 5,433
SHAREHOLDERS' FUNDS (33,509 ) 5,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)

BALANCE SHEET - continued
30 APRIL 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 3 October 2019 and were signed by:





S Ibelgaupt - Director


STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019

1. STATUTORY INFORMATION

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

Turnover
Turnover represents net invoiced sales of goods and services, excluding vat.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Trade debtors
Trade debtors are stated net of advances received from factors. The factored debts are non-recourse subject to
debtors adhering to credit limits prescribed by the factors. Therefore, a linked presentation has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 6 ) .

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2019

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2018 69,087 25,509 94,596
Additions 864 15,290 16,154
At 30 April 2019 69,951 40,799 110,750
DEPRECIATION
At 1 May 2018 62,229 20,731 82,960
Charge for year 2,502 5,018 7,520
At 30 April 2019 64,731 25,749 90,480
NET BOOK VALUE
At 30 April 2019 5,220 15,050 20,270
At 30 April 2018 6,858 4,778 11,636

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 46,882 45,291
Other debtors 1,397 -
VAT - 18,072
Prepayments 5,250 7,000
53,529 70,363

The figure for trade debtors includes factored gross debtors of £55,343 less advances received from factors of
£31,506 (2018: factored gross debtors of £60,721 less advances received from factors of £36,783).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 17,240 -
Other loans 15,187 -
Hire purchase contracts 4,573 -
Trade creditors 89,040 126,426
Tax - 1,397
Social security and other taxes 2,797 101
VAT 4,641 -
Other creditors 5,566 3,488
Directors' current accounts 617 28,150
Accrued expenses 3,966 3,962
143,627 163,524

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Hire purchase contracts 6,642 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank overdraft 17,240 -
Hire purchase contracts 11,215 -
28,455 -

The hire purchase creditor is secured against the company motor vehicles to which they relate.

The bank overdraft is secured by way of personal guarantee by the director

9. GOING CONCERN

As at 30th April 2019 the balance sheet had a net deficiency of assets of £33,509 and was therefore dependant
upon the continued support from it's principle creditors.

The director undertakes to financially support the company until the situation has been fully redressed.

The financial statements have therefore been prepared on the going concern basis.