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REGISTERED NUMBER: 05333037 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

STREET RUNNERS LIMITED

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STREET RUNNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,636 11,470

CURRENT ASSETS
Stocks 79,120 -
Debtors 5 70,363 31,049
Cash at bank 7,858 25,500
157,341 56,549
CREDITORS
Amounts falling due within one year 6 163,524 67,233
NET CURRENT LIABILITIES (6,183 ) (10,684 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,453

786

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 5,433 766
SHAREHOLDERS' FUNDS 5,453 786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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.

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 21 January 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 2018

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 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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.

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2017 59,942 25,509 85,451
Additions 9,145 - 9,145
At 30 April 2018 69,087 25,509 94,596
DEPRECIATION
At 1 May 2017 54,844 19,137 73,981
Charge for year 7,385 1,594 8,979
At 30 April 2018 62,229 20,731 82,960
NET BOOK VALUE
At 30 April 2018 6,858 4,778 11,636
At 30 April 2017 5,098 6,372 11,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 45,291 24,049
VAT 18,072 -
Prepayments 7,000 7,000
70,363 31,049

The figure for trade debtors includes factored gross debtors of £60,721 less advances received from factors of
£36,783 (2017: factored gross debtors of £456 less advances received from factors of £1,346).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 126,426 38,193
Tax 1,397 6,892
Social security and other taxes 101 2,455
VAT - 16,264
Other creditors 3,488 -
Directors' current accounts 28,150 29
Accrued expenses 3,962 3,400
163,524 67,233

STREET RUNNERS LIMITED (REGISTERED NUMBER: 05333037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

7. RELATED PARTY DISCLOSURES

During the year the company subcontracted wages of £451,188 (2017: £ - ) from South London Press Media
Limited, of which S. Ibelgaupt is also a shareholder.

These transactions were made under normal market conditions.