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REGISTERED NUMBER: 05847765 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SPECTRUM STONE LIMITED

SPECTRUM STONE LIMITED (REGISTERED NUMBER: 05847765)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPECTRUM STONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A Oxer
M Pond





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 05847765 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

SPECTRUM STONE LIMITED (REGISTERED NUMBER: 05847765)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,629 9,431

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 15,889 35,653
Cash at bank 36,877 30,198
53,766 66,851
CREDITORS
Amounts falling due within one year 6 16,490 26,472
NET CURRENT ASSETS 37,276 40,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,905

49,810

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 43,805 49,710
SHAREHOLDERS' FUNDS 43,905 49,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





M Pond - Director


SPECTRUM STONE LIMITED (REGISTERED NUMBER: 05847765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Spectrum Stone 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 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SPECTRUM STONE LIMITED (REGISTERED NUMBER: 05847765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2022 28,203 19,399 47,602
Additions 930 - 930
At 31 May 2023 29,133 19,399 48,532
DEPRECIATION
At 1 June 2022 26,272 11,899 38,171
Charge for year 1,232 2,500 3,732
At 31 May 2023 27,504 14,399 41,903
NET BOOK VALUE
At 31 May 2023 1,629 5,000 6,629
At 31 May 2022 1,931 7,500 9,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,566 29,363
Accrued income 5,589 1,558
Prepayments 4,734 4,732
15,889 35,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 219
Tax 7,881 18,637
Social security and other taxes 1,559 1,075
VAT 5,399 4,679
Directors' current accounts 401 401
Accruals and deferred income 1,250 1,461
16,490 26,472

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,980 (2022 - £58,200) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling parties are A Oxer and M Pond by virtue of their 100% joint ownership of the issued ordinary share capital.