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REGISTERED NUMBER: 13758631 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SPECTRA SOLAR LTD

SPECTRA SOLAR LTD (REGISTERED NUMBER: 13758631)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPECTRA SOLAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: M Wilcock





REGISTERED OFFICE: Unit 6, Rosebridge Court
Rosebridge Way
Ince
Wigan
WN1 3DP





REGISTERED NUMBER: 13758631 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

SPECTRA SOLAR LTD (REGISTERED NUMBER: 13758631)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,677 43,569

CURRENT ASSETS
Debtors 5 244,755 48,115
Cash at bank and in hand 612,484 75,433
857,239 123,548
CREDITORS
Amounts falling due within one year 6 481,045 93,990
NET CURRENT ASSETS 376,194 29,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,871

73,127

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 408,870 73,126
SHAREHOLDERS' FUNDS 408,871 73,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 29 July 2024 and were signed by:





M Wilcock - Director


SPECTRA SOLAR LTD (REGISTERED NUMBER: 13758631)

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

1. STATUTORY INFORMATION

Spectra Solar 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

SPECTRA SOLAR LTD (REGISTERED NUMBER: 13758631)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 46,845
DEPRECIATION
At 1 December 2022 3,276
Charge for year 10,892
At 30 November 2023 14,168
NET BOOK VALUE
At 30 November 2023 32,677
At 30 November 2022 43,569

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 7,483 -
Inter company loan 195,135 1,497
VAT 42,137 46,618
244,755 48,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 20,632 -
Tax 125,046 7,871
Social security and other taxes 937 (3,908 )
CIS 18,670 33,403
Other creditors 3,401 -
Directors current account 83,700 52,623
Deferred income 3,837 1
Accrued expenses 224,822 4,000
481,045 93,990

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Wilcock.