SPECTRUM COLLECTIONS LIMITED

Company Registration Number:
08723931 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

SPECTRUM COLLECTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

SPECTRUM COLLECTIONS LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 18,423 21,817
Total fixed assets: 18,423 21,817
Current assets
Stocks: 496,715 823,419
Debtors:   1,200,933 526,210
Cash at bank and in hand: 83,435 148,934
Total current assets: 1,781,083 1,498,563
Creditors: amounts falling due within one year:   (1,158,972) (518,371)
Net current assets (liabilities): 622,111 980,192
Total assets less current liabilities: 640,534 1,002,009
Creditors: amounts falling due after more than one year:   (59,216) (109,216)
Provision for liabilities: (4,407) (4,145)
Total net assets (liabilities): 576,911 888,648
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 576,811 888,548
Shareholders funds: 576,911 888,648

The notes form part of these financial statements

SPECTRUM COLLECTIONS LIMITED

Balance sheet statements

For the year ending 30 April 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.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 January 2025
and signed on behalf of the board by:

Name: HANNAH PYCROFT
Status: Director

The notes form part of these financial statements

SPECTRUM COLLECTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

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

SPECTRUM COLLECTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 22 17

SPECTRUM COLLECTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 84,424
Additions 6,348
Disposals (15,670)
At 30 April 2024 75,102
Depreciation
At 01 May 2023 62,607
Charge for year 9,742
On disposals (15,670)
At 30 April 2024 56,679
Net book value
At 30 April 2024 18,423
At 30 April 2023 21,817

SPECTRUM COLLECTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Loans to directors

At 30 April 2024 the company was owed £75,187 (2023 : £71,217) by The Beauty Spot Cafe Limited. It was also owed £274,321 (2023 : £48,135) by Spectrum Collections Inc. Both related parties are companies under common control/ownership by H L and S M Pycroft, the shareholders of this company. At 30 April 2024 the company owed H L Pycroft £8,288.44 (2023 : £6,679) and it owed S M Pycroft £nil (2023 : £30,680).

SPECTRUM COLLECTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Related party transactions

Name of the related party: SPECTRUM COLLECTIONS INC
Relationship:
COMMON CONTROL ENTITY
Description of the Transaction: INTER-COMPANY LOAN RESULTING FROM TRADING TRANSACTIONS
£
Balance at 01 May 2023 48,135
Balance at 30 April 2024 274,321
Name of the related party: THE BEAUTY SPOT CAFE LIMITED
Relationship:
COMMON CONTROL ENTITY
Description of the Transaction: LOAN PROVIDED TO FINANCE THE BEAUTY SPOT CAFE OPERATIONS
£
Balance at 01 May 2023 71,217
Balance at 30 April 2024 75,187
Name of the related party: HANNAH PYCROFT
Relationship:
SHAREHOLDER
Description of the Transaction: UNDRAWN DIRECTORS LOAN ACCOUNT
£
Balance at 01 May 2023 6,679
Balance at 30 April 2024 8,288
Name of the related party: SOPHIE PYCROFT
Relationship:
SHAREHOLDER
Description of the Transaction: UNDRAWN DIRECTORS LOAN ACCOUNT
£
Balance at 01 May 2023 30,680
Balance at 30 April 2024 0