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Company Registration No. 07400040 (England and Wales)
Spectrum Steel Services Ltd Unaudited accounts for the year ended 31 March 2024
Spectrum Steel Services Ltd Unaudited accounts Contents
Page
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Spectrum Steel Services Ltd Company Information for the year ended 31 March 2024
Director
Michael Avery
Company Number
07400040 (England and Wales)
Registered Office
Unit 4B Barras Garth Industrial Estate Barras Garth Road Leeds LS12 4JW
Accountants
Michael Upton and Co 138 Town Stanningley Pudsey West Yorkshire LS28 6ER
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Spectrum Steel Services Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,663 
63,126 
Current assets
Cash at bank and in hand
10,569 
764 
Net current assets
10,569 
764 
Total assets less current liabilities
72,232 
63,890 
Creditors: amounts falling due after more than one year
(121,525)
(112,986)
Net liabilities
(49,293)
(49,096)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(49,295)
(49,098)
Shareholders' funds
(49,293)
(49,096)
For the year ending 31 March 2024 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 5 May 2024 and were signed on its behalf by
Michael Avery Director Company Registration No. 07400040
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Spectrum Steel Services Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Spectrum Steel Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07400040. The registered office is Unit 4B Barras Garth Industrial Estate, Barras Garth Road, Leeds, LS12 4JW.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the standard rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
55,000 
1,842 
14,586 
71,428 
At 31 March 2024
55,000 
1,842 
14,586 
71,428 
Depreciation
At 1 April 2023
- 
1,842 
6,460 
8,302 
Charge for the year
- 
- 
1,463 
1,463 
At 31 March 2024
- 
1,842 
7,923 
9,765 
Net book value
At 31 March 2024
55,000 
- 
6,663 
61,663 
At 31 March 2023
55,000 
- 
8,126 
63,126 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
50,513 
53,247 
Loans from directors
71,012 
59,739 
121,525 
112,986 
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Spectrum Steel Services Ltd Notes to the Accounts for the year ended 31 March 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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