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REGISTERED NUMBER: 13273982 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Specdeck Limited

Specdeck Limited (Registered number: 13273982)






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


Specdeck Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J Treasure
G M Charlton
Mrs E Garrard





REGISTERED OFFICE: Unit 20
Dunchideock
Dunchideock Barton
Exeter
EX2 9UA





REGISTERED NUMBER: 13273982 (England and Wales)





ACCOUNTANTS: Pure Professionals Limited
Chartered Accountants & Tax Advisers
12 Whiteladies Road
Clifton
Bristol
BS8 1PD

Specdeck Limited (Registered number: 13273982)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,856 72,885

CURRENT ASSETS
Stocks 58,090 73,285
Debtors 5 210,786 182,896
Cash at bank 45,319 172,557
314,195 428,738
CREDITORS
Amounts falling due within one year 6 175,784 243,405
NET CURRENT ASSETS 138,411 185,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,267

258,218

CREDITORS
Amounts falling due after more than one
year

7

(33,893

)

(31,480

)

PROVISIONS FOR LIABILITIES (14,983 ) (13,848 )
NET ASSETS 168,391 212,890

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 168,291 212,790
SHAREHOLDERS' FUNDS 168,391 212,890

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 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.

Specdeck Limited (Registered number: 13273982)

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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Mrs E Garrard - Director



G M Charlton - Director


Specdeck Limited (Registered number: 13273982)

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

1. STATUTORY INFORMATION

Specdeck Limited is a private company, limited by shares , registered in England and Wales. 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Specdeck Limited (Registered number: 13273982)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 54,720 47,850 375 102,945
Additions - 22,495 - 22,495
At 31 March 2024 54,720 70,345 375 125,440
DEPRECIATION
At 1 April 2023 9,001 20,934 125 30,060
Charge for year 6,858 9,541 125 16,524
At 31 March 2024 15,859 30,475 250 46,584
NET BOOK VALUE
At 31 March 2024 38,861 39,870 125 78,856
At 31 March 2023 45,719 26,916 250 72,885

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 48,500 37,090 85,590
Additions - 22,495 22,495
At 31 March 2024 48,500 59,585 108,085
DEPRECIATION
At 1 April 2023 7,275 16,227 23,502
Charge for year 6,184 8,028 14,212
At 31 March 2024 13,459 24,255 37,714
NET BOOK VALUE
At 31 March 2024 35,041 35,330 70,371
At 31 March 2023 41,225 20,863 62,088

Specdeck Limited (Registered number: 13273982)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 161,217 178,070
Other debtors 49,569 4,826
210,786 182,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 16,455 20,903
Trade creditors 134,543 151,344
Taxation and social security 20,634 66,580
Other creditors 4,152 4,578
175,784 243,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 33,893 31,480

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
P J Treasure
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

Mrs E Garrard
Balance outstanding at start of year - -
Amounts advanced 20,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 -

The overdrawn Directors Loan account balance of £30,000 was repaid within 9 months of the year end.