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REGISTERED NUMBER: SC683989 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SPECTRUM WEALTH CONSULTANCY LTD

SPECTRUM WEALTH CONSULTANCY LTD (REGISTERED NUMBER: SC683989)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SPECTRUM WEALTH CONSULTANCY LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P E McFadyen
Mrs N Watson
A Creevy





REGISTERED OFFICE: Suite 411, Baltic Chambers
50 Wellington Street
Glasgow
Glasgow
G26HJ





REGISTERED NUMBER: SC683989 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

SPECTRUM WEALTH CONSULTANCY LTD (REGISTERED NUMBER: SC683989)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
£    £   
CURRENT ASSETS
Debtors 216 945
Cash at bank 27,844 14,855
28,060 15,800
CREDITORS
Amounts falling due within one year 6,815 8,040
NET CURRENT ASSETS 21,245 7,760
TOTAL ASSETS LESS CURRENT LIABILITIES 21,245 7,760

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 20,945 7,460
21,245 7,760

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2024 and were signed on its behalf by:



P E McFadyen - Director Mrs N Watson - Director



A Creevy - Director


SPECTRUM WEALTH CONSULTANCY LTD (REGISTERED NUMBER: SC683989)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Spectrum Wealth Consultancy Ltd is a private company, limited by shares , registered in Scotland. 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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

SPECTRUM WEALTH CONSULTANCY LTD (REGISTERED NUMBER: SC683989)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
P E McFadyen
Balance outstanding at start of year 78 78
Amounts repaid (78 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 78

Mrs N Watson
Balance outstanding at start of year 150 150
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150 150