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REGISTERED NUMBER: 05214988 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SPECTRUM M & E LIMITED

SPECTRUM M & E LIMITED (REGISTERED NUMBER: 05214988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPECTRUM M & E LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A Dorrian
A S Wood





REGISTERED OFFICE: 5 The Quadrant
Coventry
CV1 2EL





REGISTERED NUMBER: 05214988 (England and Wales)





AUDITORS: Flint & Thompson
Statutory Auditors
2 Manor Square
Solihull
West Midlands
B91 3PX

SPECTRUM M & E LIMITED (REGISTERED NUMBER: 05214988)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,653 2,204

CURRENT ASSETS
Debtors 5 1,266,946 1,306,509
Cash at bank 51,966 16,621
1,318,912 1,323,130
CREDITORS
Amounts falling due within one year 6 1,313,933 1,318,896
NET CURRENT ASSETS 4,979 4,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,632

6,438

PROVISIONS FOR LIABILITIES 406 551
NET ASSETS 6,226 5,887

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 6,225 5,886
SHAREHOLDERS' FUNDS 6,226 5,887

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 8 January 2025 and were signed on its behalf by:





A S Wood - Director


SPECTRUM M & E LIMITED (REGISTERED NUMBER: 05214988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Spectrum M & E 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Name of the parent of group
The parent of the smallest group preparing consolidated financial statements is Tower Holdings Limited. The registered office of Tower Holdings Limited is 5 The Quadrant, Coventry, CV1 2EL.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% reducing balance

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.

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.

SPECTRUM M & E LIMITED (REGISTERED NUMBER: 05214988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 43,681
DEPRECIATION
At 1 May 2023 41,477
Charge for year 551
At 30 April 2024 42,028
NET BOOK VALUE
At 30 April 2024 1,653
At 30 April 2023 2,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,262,785 1,300,431
Other debtors 4,161 6,078
1,266,946 1,306,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,300 14,269
Amounts owed to group undertakings 1,221,835 1,203,599
Taxation and social security 36,402 53,642
Other creditors 38,396 47,386
1,313,933 1,318,896

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

SPECTRUM M & E LIMITED (REGISTERED NUMBER: 05214988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Georgiades (Senior Statutory Auditor)
for and on behalf of Flint & Thompson

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Tower Holdings Limited.