Company Registration No. SC328032 (Scotland)
SPECTRATOX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
James Hair & Co
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
SPECTRATOX LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
128
Current assets
Debtors
4
2,294
1,822
Cash at bank and in hand
26,289
22,380
28,583
24,202
Creditors: amounts falling due within one year
5
(1,939)
(1,875)
Net current assets
26,644
22,327
Total assets less current liabilities
26,644
22,455
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
26,643
22,454
Total equity
26,644
22,455
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 September 2024 and are signed on its behalf by:
Doctor Ewan Eadie
Director
Company Registration No. SC328032
SPECTRATOX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Spectratox Limited is a private company limited by shares incorporated in Scotland. The registered office is Kinburn House, St Andrews, Fife, KY16 9DR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover comprises the invoiced value of services provided by the company gross of Value Added Tax as the company is no longer registered for VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% straight line
Furniture and fittings
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
SPECTRATOX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Tangible fixed assets
Plant and equipment
Furniture and fittings
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
23,641
5,954
29,595
Depreciation and impairment
At 1 January 2023
23,641
5,826
29,467
Depreciation charged in the year
128
128
At 31 December 2023
23,641
5,954
29,595
Carrying amount
At 31 December 2023
At 31 December 2022
128
128
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,054
1,284
Prepayments and accrued income
240
538
2,294
1,822
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other taxation and social security
319
Accruals and deferred income
1,939
1,556
1,939
1,875
6
Called up share capital
2023
2022
£
£
Ordinary share capital - issued and fully paid
1 Ordinary share of £1 each
1
1