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REGISTERED NUMBER: 07493104















SPECTRUM ENERGY SYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 MARCH 2023






SPECTRUM ENERGY SYSTEMS LTD (REGISTERED NUMBER: 07493104)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECTRUM ENERGY SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2023







DIRECTORS: C D Fletcher
S L Warren





REGISTERED OFFICE: 45 Turbine Business Centre
Coach Close
Shireoaks
Worksop
Nottinghamshire
S81 8AP





REGISTERED NUMBER: 07493104






SPECTRUM ENERGY SYSTEMS LTD (REGISTERED NUMBER: 07493104)

BALANCE SHEET
30 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,583 13,474

CURRENT ASSETS
Debtors 5 141,044 56,289
Cash at bank and in hand 25,325 38,640
166,369 94,929
CREDITORS
Amounts falling due within one year 6 144,244 156,168
NET CURRENT ASSETS/(LIABILITIES) 22,125 (61,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,708

(47,765

)

CREDITORS
Amounts falling due after more than one
year

7

33,716

38,668
NET LIABILITIES (8 ) (86,433 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (11 ) (86,436 )
SHAREHOLDERS' FUNDS (8 ) (86,433 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SPECTRUM ENERGY SYSTEMS LTD (REGISTERED NUMBER: 07493104)

BALANCE SHEET - continued
30 MARCH 2023


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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





C D Fletcher - Director


SPECTRUM ENERGY SYSTEMS LTD (REGISTERED NUMBER: 07493104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023


1. STATUTORY INFORMATION

Spectrum Energy Systems Ltd is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SPECTRUM ENERGY SYSTEMS LTD (REGISTERED NUMBER: 07493104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 March 2022
and 30 March 2023 5,911 74,008 79,919
DEPRECIATION
At 31 March 2022 - 66,445 66,445
Charge for year - 1,891 1,891
At 30 March 2023 - 68,336 68,336
NET BOOK VALUE
At 30 March 2023 5,911 5,672 11,583
At 30 March 2022 5,911 7,563 13,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,751 14,287
Other debtors 129,293 42,002
141,044 56,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,472 9,162
Trade creditors 38,572 44,077
Taxation and social security 22,442 31,716
Other creditors 77,758 71,213
144,244 156,168

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,716 38,668

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company the following amounts on their loan accounts; C D Fletcher £73,529 (2022: £11,571), S L Warren £8,095 (2022: £8,095).

SPECTRUM ENERGY SYSTEMS LTD (REGISTERED NUMBER: 07493104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023


9. RELATED PARTY DISCLOSURES

At the balance sheet date FourFour Music School Limited owed the company £20,120 (2022 - £10,070).

At the balance sheet date the company owed Spectrum Wind Services Limited £49,077 (2022 - £66,800).

Both companies are related and they fall under common control by the directors.