SPECTRUM MIND LTD

Company Registration Number:
12467272 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

SPECTRUM MIND LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SPECTRUM MIND LTD

Company Information

for the Period Ended 29 February 2024




Director: Dr Olutobi Oyebanjo
Registered office: 37
Wigton Road
Romford
Essex
England
RM3 9HB
Company Registration Number: 12467272 (England and Wales)

SPECTRUM MIND LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Dr Olutobi Oyebanjo

This report was approved by the board of directors on 25 November 2024
And Signed On Behalf Of The Board By:

Name: Dr Olutobi Oyebanjo
Status: Director

SPECTRUM MIND LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,409 734
Total fixed assets: 3,409 734
Current assets
Cash at bank and in hand: 1,412 907
Total current assets: 1,412 907
Net current assets (liabilities): 1,412 907
Total assets less current liabilities: 4,821 1,641
Creditors: amounts falling due after more than one year: 5 ( 39,868 ) ( 45,563 )
Total net assets (liabilities): ( 35,047 ) ( 43,922 )

The notes form part of these financial statements

SPECTRUM MIND LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 35,048 ) ( 43,923 )
Shareholders funds: ( 35,047 ) ( 43,922 )

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 25 November 2024
And Signed On Behalf Of The Board By:

Name: Dr Olutobi Oyebanjo
Status: Director

The notes form part of these financial statements

SPECTRUM MIND LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SPECTRUM MIND LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

SPECTRUM MIND LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

SPECTRUM MIND LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 March 2023 1,534 1,534
Additions 3,075 3,075
Disposals - -
Revaluations - -
Transfers - -
At 29 February 2024 4,609 4,609
Depreciation
At 01 March 2023 800 800
Charge for year 400 400
On disposals - -
Other adjustments - -
At 29 February 2024 1,200 1,200
Net book value
At 29 February 2024 3,409 3,409
At 28 February 2023 734 734

SPECTRUM MIND LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 39,868 45,563
Total 39,868 45,563