SPECTINGA LTD

Company Registration Number:
SC685003 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

SPECTINGA LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

SPECTINGA LTD

Balance sheet

As at 31 January 2023


Notes

2023

13 months to 31 January 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,443 0
Investments: 4 170 0
Total fixed assets: 1,613 0
Current assets
Stocks: 186,000 0
Debtors:   375,016 40,803
Cash at bank and in hand: 1,222,678 22,676
Investments:   0 0
Total current assets: 1,783,694 63,479
Creditors: amounts falling due within one year:   (269,011) (58,948)
Net current assets (liabilities): 1,514,683 4,531
Total assets less current liabilities: 1,516,296 4,531
Creditors: amounts falling due after more than one year:   (83,660) 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,432,636 4,531
Capital and reserves
Called up share capital: 3 2
Share premium account: 1,971,374 190,024
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (538,741) (185,495)
Shareholders funds: 1,432,636 4,531

The notes form part of these financial statements

SPECTINGA LTD

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 October 2023
and signed on behalf of the board by:

Name: Hubert Chavasse Wilson
Status: Director

The notes form part of these financial statements

SPECTINGA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are included at cost less depreciation and impairment.Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:Computer Equipment - 3 years

Valuation and information policy

Investments:Investments in shares are included at fair value.

Other accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same amounts. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The presentation currency is £ sterling.Income recognition Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.Pension costsThe company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in profit and loss account when due.Deferred taxationDeferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.Foreign exchangeTransactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date

SPECTINGA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 13 months to 31 January 2022
Average number of employees during the period 4 2

SPECTINGA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 0
Additions 1,589
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2023 1,589
Depreciation
At 01 February 2022 0
Charge for year 146
On disposals 0
Other adjustments 0
At 31 January 2023 146
Net book value
At 31 January 2023 1,443
At 31 January 2022 0

SPECTINGA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Fixed investments

Investments in shares are included at fair value.