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Company Registration No. 11280964 (England and Wales)
Speczen Ltd Unaudited accounts for the year ended 31 March 2023
Speczen Ltd Unaudited accounts Contents
Page
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Speczen Ltd Company Information for the year ended 31 March 2023
Director
Mr C A Hill
Company Number
11280964 (England and Wales)
Registered Office
2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Speczen Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
811 
Current assets
Debtors
31 
- 
Cash at bank and in hand
21,877 
17,880 
21,908 
17,880 
Creditors: amounts falling due within one year
(7,844)
(5,739)
Net current assets
14,064 
12,141 
Net assets
14,064 
12,952 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,964 
12,852 
Shareholders' funds
14,064 
12,952 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2023 and were signed on its behalf by
Mr C A Hill Director Company Registration No. 11280964
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Speczen Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Speczen Ltd is a private company, limited by shares, registered in England and Wales, registration number 11280964. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
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 also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% cost
Computer equipment
25% cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,176 
At 31 March 2023
5,176 
Depreciation
At 1 April 2022
4,365 
Charge for the year
811 
At 31 March 2023
5,176 
Net book value
At 31 March 2023
- 
At 31 March 2022
811 
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Speczen Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
31 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,609 
Taxes and social security
4,144 
3,215 
Loans from directors
3,700 
915 
7,844 
5,739 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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