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Registered number: 04356712
Specta Enterprises Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04356712
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,512 12,375
8,512 12,375
CURRENT ASSETS
Debtors 5 359,373 366,277
Cash at bank and in hand 315,660 69,916
675,033 436,193
Creditors: Amounts Falling Due Within One Year 6 (38,454 ) (27,401 )
NET CURRENT ASSETS (LIABILITIES) 636,579 408,792
TOTAL ASSETS LESS CURRENT LIABILITIES 645,091 421,167
Creditors: Amounts Falling Due After More Than One Year 7 (585,506 ) (585,506 )
NET ASSETS/(LIABILITIES) 59,585 (164,339 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 59,485 (164,439 )
SHAREHOLDERS' FUNDS 59,585 (164,339)
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Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Jacques Maillard
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Specta Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04356712 . The registered office is Birchin Court , 20 Birchin Lane , EC3V 9DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25%
Fixtures & Fittings 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.5.
Foreign currencies
Assets and liabilities in foreign currencies are translated into GBP at the rates of exchange ruling at the balance
sheet date. Transactions in foreign currencies are translated into GBP at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments
with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in
current liabilities.
2.6.
Going Concern 
The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 79,092 100,690 87,249 267,031
As at 30 June 2024 79,092 100,690 87,249 267,031
Depreciation
As at 1 July 2023 79,092 100,690 74,874 254,656
Provided during the period - - 3,863 3,863
As at 30 June 2024 79,092 100,690 78,737 258,519
Net Book Value
As at 30 June 2024 - - 8,512 8,512
As at 1 July 2023 - - 12,375 12,375
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 4,201
Other debtors 270,676 270,676
Loan Debtors 88,697 88,697
VAT - 2,703
359,373 366,277
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,199 4,482
VAT 1,139 -
Other creditors 25,616 19,419
Accruals and deferred income 3,500 3,500
38,454 27,401
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 585,506 585,506
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is J G R Maillard by virtue of his ownership of 100% of the issued share capital in the company.
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