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REGISTERED NUMBER: 07634591 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPECTRUM DIRECT LIMITED

SPECTRUM DIRECT LIMITED (REGISTERED NUMBER: 07634591)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


SPECTRUM DIRECT LIMITED (REGISTERED NUMBER: 07634591)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 229,623 255,822

CURRENT ASSETS
Stocks 2,293 2,943
Debtors 5 213,822 183,542
Cash at bank 76,079 77,541
292,194 264,026
CREDITORS
Amounts falling due within one year 6 (131,176 ) (172,399 )
NET CURRENT ASSETS 161,018 91,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,641

347,449

CREDITORS
Amounts falling due after more than one
year

7

(5,032

)

(14,167

)

PROVISIONS FOR LIABILITIES (57,406 ) (63,956 )
NET ASSETS 328,203 269,326

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 328,153 269,276
SHAREHOLDERS' FUNDS 328,203 269,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 DIRECT LIMITED (REGISTERED NUMBER: 07634591)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





W Edmonds - Director


SPECTRUM DIRECT LIMITED (REGISTERED NUMBER: 07634591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Spectrum Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07634591

Registered office: 3 Hendham Vale Industrial Park
Vale Park Way
Manchester
M8 0AD

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods, excluding value added tax, and is recognised when the company considers it has obtained the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10 years with residual value of 20%
Fixtures and fittings - 25% on reducing balance

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 Profit and Loss Account, 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.

SPECTRUM DIRECT LIMITED (REGISTERED NUMBER: 07634591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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

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 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024 501,309 28,651 529,960
Additions 26,720 888 27,608
At 31 December 2024 528,029 29,539 557,568
DEPRECIATION
At 1 January 2024 253,246 20,892 274,138
Charge for year 50,799 3,008 53,807
At 31 December 2024 304,045 23,900 327,945
NET BOOK VALUE
At 31 December 2024 223,984 5,639 229,623
At 31 December 2023 248,063 7,759 255,822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 195,162 139,502
Other debtors 18,660 44,040
213,822 183,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) - 57,012
Trade creditors 81,855 70,803
Taxation and social security 28,212 24,264
Other creditors 11,109 10,320
131,176 172,399

SPECTRUM DIRECT LIMITED (REGISTERED NUMBER: 07634591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,032 14,167

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 57,012

Non-cancellable operating leases
2024 2023
£    £   
Within one year 27,917 37,223
Between one and five years - 27,917
27,917 65,140

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 57,012