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REGISTERED NUMBER: 04820855 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SPECTRUM FIRE (UK) LIMITED

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECTRUM FIRE (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D B Horam
S R Smith
Mrs L Horam
Mrs C Smith





SECRETARY: Mrs L Horam





REGISTERED OFFICE: Belgrade Business Centre
Dennington Road
Dennington Road Industrial Estate
Wellingborough
Northamptonshire
NN8 2HQ





REGISTERED NUMBER: 04820855 (England and Wales)





ACCOUNTANTS: Accounting & Management Ltd
114 Church Street
Whitby
North Yorkshire
YO22 4DE

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 78,473 93,750
Tangible assets 5 381,870 366,472
460,343 460,222

CURRENT ASSETS
Stocks 58,255 28,320
Debtors 6 426,469 305,097
Cash at bank 402,748 499,063
887,472 832,480
CREDITORS
Amounts falling due within one year 7 551,589 382,222
NET CURRENT ASSETS 335,883 450,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,226

910,480

CREDITORS
Amounts falling due after more than one
year

8

(129,728

)

(207,032

)

PROVISIONS FOR LIABILITIES (51,502 ) (48,888 )
NET ASSETS 614,996 654,560

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 614,896 654,460
SHAREHOLDERS' FUNDS 614,996 654,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 August 2024 and were signed on its behalf by:




D B Horam - Director S R Smith - Director




Mrs L Horam - Director Mrs C Smith - Director


SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Spectrum Fire (UK) Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023 375,000 - 375,000
Additions - 5,209 5,209
At 31 March 2024 375,000 5,209 380,209
AMORTISATION
At 1 April 2023 281,250 - 281,250
Charge for year 18,750 1,736 20,486
At 31 March 2024 300,000 1,736 301,736
NET BOOK VALUE
At 31 March 2024 75,000 3,473 78,473
At 31 March 2023 93,750 - 93,750

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property Website machinery
£    £    £   
COST
At 1 April 2023 170,145 8,109 44,398
Additions - - 4,669
Disposals - - -
At 31 March 2024 170,145 8,109 49,067
DEPRECIATION
At 1 April 2023 - 6,954 28,260
Charge for year - 231 4,162
Eliminated on disposal - - -
At 31 March 2024 - 7,185 32,422
NET BOOK VALUE
At 31 March 2024 170,145 924 16,645
At 31 March 2023 170,145 1,155 16,138

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 14,321 291,215 44,309 572,497
Additions 366 71,100 1,957 78,092
Disposals - (57,469 ) - (57,469 )
At 31 March 2024 14,687 304,846 46,266 593,120
DEPRECIATION
At 1 April 2023 11,790 119,469 39,552 206,025
Charge for year 579 45,355 2,216 52,543
Eliminated on disposal - (47,318 ) - (47,318 )
At 31 March 2024 12,369 117,506 41,768 211,250
NET BOOK VALUE
At 31 March 2024 2,318 187,340 4,498 381,870
At 31 March 2023 2,531 171,746 4,757 366,472

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 174,282
Additions 18,500
Reclassification/transfer (55,385 )
At 31 March 2024 137,397
DEPRECIATION
At 1 April 2023 56,545
Charge for year 28,821
Reclassification/transfer (43,682 )
At 31 March 2024 41,684
NET BOOK VALUE
At 31 March 2024 95,713
At 31 March 2023 117,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 413,391 292,693
Other debtors 13,078 12,404
426,469 305,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 45,454 45,454
Hire purchase contracts 34,365 14,509
Trade creditors 113,817 54,270
Taxation and social security 307,180 232,238
Other creditors 50,773 35,751
551,589 382,222

SPECTRUM FIRE (UK) LIMITED (REGISTERED NUMBER: 04820855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 53,031 98,485
Hire purchase contracts 76,697 108,547
129,728 207,032