REGISTERED NUMBER: 07082933 (England and Wales)

SPECTRUM BUILDING ENVELOPES & FACADES

LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr D Adlam

Mr J V Ash

SECRETARY:

Mr J V Ash

REGISTERED OFFICE:

Miller House Premier Estate

Leys Road

Brierley Hill

West Midlands

DY5 3UP

REGISTERED NUMBER:

07082933 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spectrum Building Envelopes & Facades Ltd for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Spectrum Building Envelopes & Facades Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spectrum Building Envelopes & Facades Ltd and state those matters that we have agreed to state to the Board of Directors of Spectrum Building Envelopes & Facades Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spectrum Building Envelopes & Facades Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spectrum Building Envelopes & Facades Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spectrum Building Envelopes & Facades Ltd. You consider that Spectrum Building Envelopes & Facades Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spectrum Building Envelopes & Facades Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

31 August 2025

FIXED ASSETS

Tangible assets

4

61,925

48,867

CURRENT ASSETS

Stocks

5

40,000

234,522

Debtors

6

667,260

1,176,942

Cash at bank and in hand

1,166,439

1,011,906

1,873,699

2,423,370

CREDITORS

Amounts falling due within one year

7

758,036

1,442,660

NET CURRENT ASSETS

1,115,663

980,710

TOTAL ASSETS LESS CURRENT LIABILITIES

1,177,588

1,029,577

PROVISIONS FOR LIABILITIES

15,481

6,266

NET ASSETS

1,162,107

1,023,311

CAPITAL AND RESERVES

Called up share capital

8

100

100

Other reserves

9

15,356

15,356

Retained earnings

9

1,146,651

1,007,855

SHAREHOLDERS' FUNDS

1,162,107

1,023,311

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:

Mr J V Ash - Director

1.	STATUTORY INFORMATION

Spectrum Building Envelopes & Facades Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 sales of goods/services, excluding value added tax

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,660

830

106,333

16,848

125,671

Additions

-

-

39,522

-

39,522

Disposals

-

-

(35,100

)

-

(35,100

)

At 31 December 2024

1,660

830

110,755

16,848

130,093

DEPRECIATION

At 1 January 2024

1,460

730

60,250

14,364

76,804

Charge for year

30

15

17,153

373

17,571

Eliminated on disposal

-

-

(26,207

)

-

(26,207

)

At 31 December 2024

1,490

745

51,196

14,737

68,168

NET BOOK VALUE

At 31 December 2024

170

85

59,559

2,111

61,925

At 31 December 2023

200

100

46,083

2,484

48,867

5.

STOCKS

2024

2023

£

£

Stocks

40,000

234,522

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

611,388

1,063,608

Other debtors

2,245

3,125

VAT

38,031

96,904

Prepayments

15,596

13,305

667,260

1,176,942

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

412,480

1,031,905

Tax

184,985

196,250

Social security and other taxes

96,883

122,113

Pension

1,376

1,373

Accruals

62,312

91,019

758,036

1,442,660

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2024

1,007,855

15,356

1,023,211

Profit for the year

558,796

558,796

Dividends

(420,000

)

(420,000

)

At 31 December 2024

1,146,651

15,356

1,162,007