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
Spectrum Steel Services Ltd
Company Information
for the year ended 31 March 2024
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
Spectrum Steel Services Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
61,663
63,126
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)
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
Spectrum Steel Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
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
Loans from directors
71,012
59,739
Spectrum Steel Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
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).