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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
Page
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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
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Spectrum Screen Inks Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,478 
1,848 
Current assets
Inventories
46,812 
49,117 
Debtors
60,386 
48,684 
Cash at bank and in hand
29,808 
29,782 
137,006 
127,583 
Creditors: amounts falling due within one year
(36,660)
(33,547)
Net current assets
100,346 
94,036 
Net assets
101,824 
95,884 
Capital and reserves
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
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Spectrum Screen Inks Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
Turnover
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
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.
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Spectrum Screen Inks Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
16,044 
At 31 August 2024
16,044 
Depreciation
At 1 September 2023
14,196 
Charge for the year
370 
At 31 August 2024
14,566 
Net book value
At 31 August 2024
1,478 
At 31 August 2023
1,848 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
57,511 
44,192 
Accrued income and prepayments
- 
1,617 
Other debtors
2,875 
2,875 
60,386 
48,684 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,706 
5,287 
Trade creditors
274 
5,352 
Taxes and social security
27,570 
20,798 
Other creditors
2,001 
2,001 
Loans from directors
109 
109 
36,660 
33,547 
7
Share capital
2024 
2023 
£ 
£ 
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).
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