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REGISTERED NUMBER: 00230707 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

T. HAYNES CHORLEY & COMPANY LIMITED
TRADING AS
SPECTRUM INNOVATIONS

T. HAYNES CHORLEY & COMPANY LIMITED (REGISTERED NUMBER: 00230707)
TRADING AS SPECTRUM INNOVATIONS

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


T. HAYNES CHORLEY & COMPANY LIMITED (REGISTERED NUMBER: 00230707)
TRADING AS SPECTRUM INNOVATIONS

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,949 328,861

CURRENT ASSETS
Stocks 74,233 74,682
Debtors 5 159,279 333,294
Cash at bank and in hand 173,076 216,116
406,588 624,092
CREDITORS
Amounts falling due within one year 6 158,369 367,256
NET CURRENT ASSETS 248,219 256,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,168

585,697

CREDITORS
Amounts falling due after more than one
year

7

(21,260

)

(2,525

)

PROVISIONS FOR LIABILITIES (71,594 ) (78,687 )
NET ASSETS 453,314 504,485

CAPITAL AND RESERVES
Called up share capital 3,130 3,130
Retained earnings 450,184 501,355
453,314 504,485

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 director acknowledges her 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.

T. HAYNES CHORLEY & COMPANY LIMITED (REGISTERED NUMBER: 00230707)
TRADING AS SPECTRUM INNOVATIONS

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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:





K D Doran - Director


T. HAYNES CHORLEY & COMPANY LIMITED (REGISTERED NUMBER: 00230707)
TRADING AS SPECTRUM INNOVATIONS

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


1. STATUTORY INFORMATION

The company is registered in England and its registered number is 00230707. The company is a private company limited by shares. Its registered office is Units 5-6 Vernon Mill, Mersey Street, Portwood, Stockport, Cheshire, SK1 2HX.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% or 15% reducing balance
Motor vehicles - 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, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

T. HAYNES CHORLEY & COMPANY LIMITED (REGISTERED NUMBER: 00230707)
TRADING AS SPECTRUM INNOVATIONS

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


2. ACCOUNTING POLICIES - continued

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 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 1,582,065 1,375 1,583,440
Additions 17,532 - 17,532
At 31 December 2024 1,599,597 1,375 1,600,972
DEPRECIATION
At 1 January 2024 1,253,385 1,194 1,254,579
Charge for year 48,399 45 48,444
At 31 December 2024 1,301,784 1,239 1,303,023
NET BOOK VALUE
At 31 December 2024 297,813 136 297,949
At 31 December 2023 328,680 181 328,861

Included within plant and machinery are assets on hire purchase agreements with net book value £60,678 (2023: £27,074).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,960 173,479
Amounts owed by group undertakings - 129,859
Other debtors 33,319 29,956
159,279 333,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 16,172 14,238
Trade creditors 55,974 149,516
Amounts owed to group undertakings 133 129,992
Taxation and social security 60,489 51,721
Other creditors 25,601 21,789
158,369 367,256

T. HAYNES CHORLEY & COMPANY LIMITED (REGISTERED NUMBER: 00230707)
TRADING AS SPECTRUM INNOVATIONS

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
£    £   
Hire purchase contracts 21,260 2,525

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 37,432 16,763

Hire purchase creditors are secured against assets to which they relate.