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Company Registration No. 04603242 (England and Wales)
SPEC 2003 LIMITED Unaudited accounts for the year ended 30 November 2024
SPEC 2003 LIMITED Unaudited accounts Contents
Page
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SPEC 2003 LIMITED Company Information for the year ended 30 November 2024
Director
Mr P J Cooper Smith
Company Number
04603242 (England and Wales)
Registered Office
Highview Crichel Lane Witchampton Wimborne Dorset BH21 5DG
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SPEC 2003 LIMITED Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
192 
240 
Current assets
Debtors
224,900 
224,900 
Cash at bank and in hand
404 
514 
225,304 
225,414 
Creditors: amounts falling due within one year
(1,153,807)
(1,105,071)
Net current liabilities
(928,503)
(879,657)
Net liabilities
(928,311)
(879,417)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(928,313)
(879,419)
Shareholders' funds
(928,311)
(879,417)
For the year ending 30 November 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
Mr P J Cooper Smith Director Company Registration No. 04603242
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SPEC 2003 LIMITED Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
SPEC 2003 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04603242. The registered office is Highview Crichel Lane, Witchampton, Wimborne, Dorset, BH21 5DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the balance sheet date the company had an excess of liabilities over its assets. The director being the majority creditor has given assurance that he will continue to provide the company with financial support in the foreseeable future. Accordingly the director considers that it is appropriate to prepare the accounts on a going concern basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance method
Computer equipment
33.33% on cost
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
2,055 
4,555 
6,610 
At 30 November 2024
2,055 
4,555 
6,610 
Depreciation
At 1 December 2023
1,815 
4,555 
6,370 
Charge for the year
48 
- 
48 
At 30 November 2024
1,863 
4,555 
6,418 
Net book value
At 30 November 2024
192 
- 
192 
At 30 November 2023
240 
- 
240 
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SPEC 2003 LIMITED Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
224,900 
224,900 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
360,985 
360,985 
Loans from directors
791,497 
742,761 
Accruals
1,325 
1,325 
1,153,807 
1,105,071 
7
Transactions with related parties
Included in other creditors is an interest free loan owed to Cooper-Smith Settlement Trust in the sum of £360,985.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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