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REGISTERED NUMBER: SC318396 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

HD SPECTRUM LIMITED

HD SPECTRUM LIMITED (REGISTERED NUMBER: SC318396)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HD SPECTRUM LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G J Ferguson



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC318396 (Scotland)



ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: The Royal Bank of Scotland plc
339 Byres Road
Glasgow
G12 8QP

HD SPECTRUM LIMITED (REGISTERED NUMBER: SC318396)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,638 3,297
Investments 5 1 1
2,639 3,298

CURRENT ASSETS
Debtors 6 365,690 439,248
Cash at bank 55,306 31,890
420,996 471,138
CREDITORS
Amounts falling due within one year 7 152,631 152,195
NET CURRENT ASSETS 268,365 318,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,004

322,241

CREDITORS
Amounts falling due after more than one
year

8

(55,000

)

(88,750

)

PROVISIONS FOR LIABILITIES (660 ) (824 )
NET ASSETS 215,344 232,667

HD SPECTRUM LIMITED (REGISTERED NUMBER: SC318396)

Balance Sheet - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 21 21
Capital redemption reserve 10 10
Retained earnings 215,313 232,636
SHAREHOLDERS' FUNDS 215,344 232,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 30 January 2025 and were signed by:





G J Ferguson - Director


HD SPECTRUM LIMITED (REGISTERED NUMBER: SC318396)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

HD Spectrum Limited is a private company, limited by shares , registered in Scotland. 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 represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods/services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on a reducing balance basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

HD SPECTRUM LIMITED (REGISTERED NUMBER: SC318396)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are stated at cost less any amounts written off for permanent diminution in value.

Leasing
Rentals paid under operating leases are charged to expenditure as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 6,487
DEPRECIATION
At 1 January 2023 3,190
Charge for year 659
At 31 December 2023 3,849
NET BOOK VALUE
At 31 December 2023 2,638
At 31 December 2022 3,297

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

HD SPECTRUM LIMITED (REGISTERED NUMBER: SC318396)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,574 12,271
Other debtors 349,116 426,977
365,690 439,248

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 26,250
Trade creditors 15,693 14,368
Taxation and social security 98,320 107,816
Other creditors 8,618 3,761
152,631 152,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 55,000 88,750

9. RELATED PARTY DISCLOSURES

At 31 December 2023, the company was owed £330,889 (2022: £366,977) by Companies under common directorship.