Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30falseThe principal activuty of the company during the year was that of consultant engineers.2023-05-0133falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06885107 2023-05-01 2024-04-30 06885107 2022-05-01 2023-04-30 06885107 2024-04-30 06885107 2023-04-30 06885107 2022-05-01 06885107 c:Director1 2023-05-01 2024-04-30 06885107 c:Director2 2023-05-01 2024-04-30 06885107 c:Director3 2023-05-01 2024-04-30 06885107 c:RegisteredOffice 2023-05-01 2024-04-30 06885107 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06885107 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06885107 d:ShareCapital 2023-05-01 2024-04-30 06885107 d:ShareCapital 2024-04-30 06885107 d:ShareCapital 2022-05-01 2023-04-30 06885107 d:ShareCapital 2023-04-30 06885107 d:ShareCapital 2022-05-01 06885107 d:CapitalRedemptionReserve 2023-05-01 2024-04-30 06885107 d:CapitalRedemptionReserve 2024-04-30 06885107 d:CapitalRedemptionReserve 2022-05-01 2023-04-30 06885107 d:CapitalRedemptionReserve 2023-04-30 06885107 d:CapitalRedemptionReserve 2022-05-01 06885107 d:OtherMiscellaneousReserve 2024-04-30 06885107 d:OtherMiscellaneousReserve 2023-04-30 06885107 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 06885107 d:RetainedEarningsAccumulatedLosses 2024-04-30 06885107 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 06885107 d:RetainedEarningsAccumulatedLosses 2023-04-30 06885107 d:RetainedEarningsAccumulatedLosses 2022-05-01 06885107 c:FRS102 2023-05-01 2024-04-30 06885107 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06885107 c:AbridgedAccounts 2023-05-01 2024-04-30 06885107 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06885107 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 06885107









SPECTRUM MEP CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SPECTRUM MEP CONSULTING LIMITED
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Statement of Changes in Equity
 
4
Notes to the Financial Statements
 
5 - 8


 
SPECTRUM MEP CONSULTING LIMITED
 
 
COMPANY INFORMATION


Directors
I W Joyce 
S D Stafford 
J C Walker 




Registered number
06885107



Registered office
Inwood Court Stuart Road
Bredbury

Stockport

Cheshire

SK6 2SR




Page 1

 
SPECTRUM MEP CONSULTING LIMITED
REGISTERED NUMBER: 06885107

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
  
261
249

Cash at bank and in hand
  
762
912

  
1,023
1,161

Creditors: amounts falling due within one year
  
(1,797)
(1,748)

Net current liabilities
  
 
 
(774)
 
 
(587)

Total assets less current liabilities
  
(774)
(587)

Net liabilities
  
(774)
(587)


Capital and reserves
  

Called up share capital 
  
135
180

Capital redemption reserve
  
45
-

Profit and loss account
  
(954)
(767)

  
(774)
(587)


Page 2

 
SPECTRUM MEP CONSULTING LIMITED
REGISTERED NUMBER: 06885107
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S D Stafford
Director

Date: 15 January 2025

Page 3

 
SPECTRUM MEP CONSULTING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 May 2022
180
-
(776)
(596)


Comprehensive income for the year

Profit for the year
-
-
9
9
Total comprehensive income for the year
-
-
9
9


Total transactions with owners
-
-
-
-



At 1 May 2023
180
-
(767)
(587)


Comprehensive income for the year

Loss for the year
-
-
(187)
(187)
Total comprehensive income for the year
-
-
(187)
(187)

Purchase of own shares
-
45
-
45

Shares cancelled during the year
(45)
-
-
(45)


Total transactions with owners
(45)
45
-
-


At 30 April 2024
135
45
(954)
(774)


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
SPECTRUM MEP CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private company limited by shared, registered in England and Wales (company registration number 06885107). The address of the registered office is Inward Court, Stuart Road, Bredbury Park Industrial Estate, Bredbury, Cheshire, SK6 2SR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods): the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
SPECTRUM MEP CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.6

Judgements and key sources of estimate uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of the debtors and historical experience.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 6

 
SPECTRUM MEP CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
SPECTRUM MEP CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

  
2.8

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax from the proceeds.


3.


Going concern

At the year end there was a deficit on the balance sheet of £774 (2023: £587). The directors consider the company to be a going concern and the accounts have been prepared on this basis with the understanding the directors are the shareholders of the company which offers its continued support for the foreseeable future.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

 
Page 8