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REGISTERED NUMBER: 05109642 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

Spectrum Services International Limited

Spectrum Services International Limited (Registered number: 05109642)






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 Services International Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P A Mitchell





SECRETARY: Mrs A J Mitchell





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 05109642 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Spectrum Services International Limited (Registered number: 05109642)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,236 7,453

CURRENT ASSETS
Debtors 5 11,044 -
Cash at bank 1,346 12,706
12,390 12,706
CREDITORS
Amounts falling due within one year 6 18,257 19,373
NET CURRENT LIABILITIES (5,867 ) (6,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES 369 786

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 268 685
SHAREHOLDERS' FUNDS 369 786

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 director acknowledges his 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.

Spectrum Services International Limited (Registered number: 05109642)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 29 December 2024 and were signed by:





P A Mitchell - Director


Spectrum Services International Limited (Registered number: 05109642)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Spectrum Services International Limited is a private company, registered in England & Wales. The company's regsitered number is 05109642. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY. The business address is PO Box 4656, Dorset, BH18 9HH.

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 consideration received or receivable, net of discounts rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost
Computer equipment - 33% on cost

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 Services International Limited (Registered number: 05109642)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 10,651 1,925 12,576
Additions 3,423 1,039 4,462
At 31 March 2024 14,074 2,964 17,038
DEPRECIATION
At 1 April 2023 3,839 1,284 5,123
Charge for year 4,692 987 5,679
At 31 March 2024 8,531 2,271 10,802
NET BOOK VALUE
At 31 March 2024 5,543 693 6,236
At 31 March 2023 6,812 641 7,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,095 -
Other debtors 9,949 -
11,044 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 6,662 8,162
Other creditors 11,595 11,211
18,257 19,373

Spectrum Services International Limited (Registered number: 05109642)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P A Mitchell
Balance outstanding at start of year - -
Amounts advanced 9,949 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,949 -

The overdrawn Director's loan account was repaid within nine months of the year end.