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REGISTERED NUMBER: 06413006 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Spectrum (PCK) Limited

Spectrum (PCK) Limited (Registered number: 06413006)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spectrum (PCK) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: P A Leavers
K Kinsella





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: 06413006 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Spectrum (PCK) Limited (Registered number: 06413006)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 3 246,486 -

CURRENT ASSETS
Debtors 4 698,749 793,955
Investments 5 276,500 276,500
Cash at bank 153,199 66,793
1,128,448 1,137,248
CREDITORS
Amounts falling due within one year 6 (88,447 ) (57,810 )
NET CURRENT ASSETS 1,040,001 1,079,438
TOTAL ASSETS LESS CURRENT LIABILITIES 1,286,487 1,079,438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,286,387 1,079,338
1,286,487 1,079,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 (PCK) Limited (Registered number: 06413006)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 4th February 2025 and were signed on its behalf by:





P A Leavers - Director


Spectrum (PCK) Limited (Registered number: 06413006)

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

1. 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 as modified by the revaluation of certain assets.

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.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Spectrum (PCK) Limited (Registered number: 06413006)

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 51,904
Revaluations 194,582
At 31st March 2024 246,486
NET BOOK VALUE
At 31st March 2024 246,486

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 194,582
Cost 51,904
246,486

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 634,699 793,955
Directors' current accounts 64,050 -
698,749 793,955

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investments in LLP 276,500 276,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,766 -
Social security and other taxes 3,126 4,596
Net wages 9,180 10,997
Pension 395 290
Other creditors 71,980 40,551
Directors' current accounts - 1,376
88,447 57,810

Spectrum (PCK) Limited (Registered number: 06413006)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
K Kinsella
Balance outstanding at start of year (956 ) (956 )
Amounts advanced 50,419 -
Amounts repaid (2,628 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,835 (956 )

P A Leavers
Balance outstanding at start of year (420 ) (420 )
Amounts advanced 20,263 -
Amounts repaid (2,628 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,215 (420 )