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REGISTERED NUMBER: 07166099 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Spectrum (NW) Ltd

Spectrum (NW) Ltd (Registered number: 07166099)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spectrum (NW) Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A Berrigan





SECRETARY:





REGISTERED OFFICE: 7 Parkway
Westhoughton
Bolton
BL5 2RY





REGISTERED NUMBER: 07166099 (England and Wales)





ACCOUNTANTS: BrierleyHolt (Accountants) Limited
78 Borough Road
Altrincham
Cheshire
WA15 9EJ

Spectrum (NW) Ltd (Registered number: 07166099)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,005 14,656

CURRENT ASSETS
Debtors 5 3,004 5,557
Cash at bank 17,741 7,405
20,745 12,962
CREDITORS
Amounts falling due within one year 6 (1,327 ) 3,302
NET CURRENT ASSETS 22,072 9,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,077

24,316

CREDITORS
Amounts falling due after more than
one year

7

66

15
NET ASSETS 33,011 24,301

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 33,010 24,300
SHAREHOLDERS' FUNDS 33,011 24,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Spectrum (NW) Ltd (Registered number: 07166099)

Balance Sheet - continued
28 February 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 director and authorised for issue on 2 November 2023 and were signed by:





A Berrigan - Director


Spectrum (NW) Ltd (Registered number: 07166099)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Spectrum (NW) Ltd 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 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 1 (2022 - 1 ) .

Spectrum (NW) Ltd (Registered number: 07166099)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 1,221 14,495 1,060 16,776
DEPRECIATION
At 1 March 2022 1,022 61 1,037 2,120
Charge for year 30 3,609 12 3,651
At 28 February 2023 1,052 3,670 1,049 5,771
NET BOOK VALUE
At 28 February 2023 169 10,825 11 11,005
At 28 February 2022 199 14,434 23 14,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2,589 3,557
VAT 415 2,000
3,004 5,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 95 16
Tax 5,531 1,948
Social security and other taxes (18,199 ) (10,426 )
Other creditors 10,276 10,794
Accrued expenses 970 970
(1,327 ) 3,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Directors' loan accounts 66 15