Company Registration No. 07208576 (England and Wales)
Spectrum Screen Inks Limited
Unaudited accounts
for the year ended 31 August 2024
Spectrum Screen Inks Limited
Unaudited accounts
Contents
Spectrum Screen Inks Limited
Company Information
for the year ended 31 August 2024
Directors
Steven Burrows
Julie Tippett
Company Number
07208576 (England and Wales)
Registered Office
15 Noel Avenue
Oakham
Rutland
LE15 6SQ
Accountants
Pro Tax Accounting
The Colchester Centre
Hawkins Road
Colchester
Essex
CO2 8JX
Spectrum Screen Inks Limited
Statement of financial position
as at 31 August 2024
Tangible assets
1,478
1,848
Cash at bank and in hand
29,808
29,782
Creditors: amounts falling due within one year
(36,660)
(33,547)
Net current assets
100,346
94,036
Called up share capital
24,000
24,000
Profit and loss account
77,824
71,884
Shareholders' funds
101,824
95,884
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
Julie Tippett
Director
Company Registration No. 07208576
Spectrum Screen Inks Limited
Notes to the Accounts
for the year ended 31 August 2024
Spectrum Screen Inks Limited is a private company, limited by shares, registered in England and Wales, registration number 07208576. The registered office is 15 Noel Avenue, Oakham, Rutland, LE15 6SQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Spectrum Screen Inks Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
At 1 September 2023
16,044
At 1 September 2023
14,196
Amounts falling due within one year
Trade debtors
57,511
44,192
Accrued income and prepayments
-
1,617
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
27,570
20,798
Other creditors
2,001
2,001
Loans from directors
109
109
Allotted, called up and fully paid:
24,000 Ordinary shares of £1 each
24,000
24,000
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).