REGISTERED NUMBER: 01729675

Spectrum Rentals Limited

Financial Statements for the Year Ended 30th April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Cavill

T Cavill

K Sturdy

R M Cavill

SECRETARY:

M J Clayphan

REGISTERED OFFICE:

The View

Bridgehead Business Park

Hessle

East Yorkshire

HU13 0GD

REGISTERED NUMBER:

01729675

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

75,273

81,675

CURRENT ASSETS

Debtors

5

1,580,581

1,842,738

Cash at bank

15,152

23,900

1,595,733

1,866,638

CREDITORS

Amounts falling due within one year

6

486,714

623,269

NET CURRENT ASSETS

1,109,019

1,243,369

TOTAL ASSETS LESS CURRENT LIABILITIES

1,184,292

1,325,044

PROVISIONS FOR LIABILITIES

18,818

20,419

NET ASSETS

1,165,474

1,304,625

CAPITAL AND RESERVES

Called up share capital

7

39,000

39,000

Retained earnings

1,126,474

1,265,625

SHAREHOLDERS' FUNDS

1,165,474

1,304,625

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 29th October 2025 and were signed on its behalf by:

K Sturdy - Director

1.	STATUTORY INFORMATION

Spectrum Copiers Limited is a private company, limited by shares, registered in England and Wales. The company's registration number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102: The Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) Section 1A and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, but net of VAT, rebates and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the rental of machines is accounted for on a straight line basis over the lease term.

Turnover from the provision of services is recognised once such services have been rendered and the outcome of the transaction can be estimated reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes those costs that are directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Equipment

- 25%

Taxation

Current tax represents the amount payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Photocopiers out on hire

The cost of photocopiers out on internally financed hire agreements are capitalised and written off to profit and loss account over their expected useful lives. All internal hire agreements granted are treated as operating leases and rental income is recognised on a straight line basis over the period of each agreement.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st May 2024

251,272

Additions

47,874

Disposals

(16,561

)

At 30th April 2025

282,585

DEPRECIATION

At 1st May 2024

169,597

Charge for year

48,654

Eliminated on disposal

(10,939

)

At 30th April 2025

207,312

NET BOOK VALUE

At 30th April 2025

75,273

At 30th April 2024

81,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

40,865

50,845

Amounts owed by group undertakings

1,539,716

1,791,893

1,580,581

1,842,738

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,418

8,237

Amounts owed to group undertakings

303,103

402,103

Taxation and social security

138,596

155,708

Other creditors

42,597

57,221

486,714

623,269

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

39,000

Ordinary

£1

39,000

39,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Lamb FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

9.	CONTINGENT LIABILITIES

The company is party to a joint guarantee with its ultimate parent undertaking in respect of the group borrowings which are secured, in part, by fixed and floating charges over certain fixed and current assets. The potential liability under the arrangement at 30th April 2025 was £541,506 (2024: £708,701).

10.	ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings for which group financial statements are drawn up and of which the company is a member is Spectrum Workplace Technology Group Limited, registered in England and Wales. Spectrum Workplace Technology Limited is also the company's ultimate parent undertaking and its registered office is The View, Bridgehead Business Park, Hessle, East Yorkshire, HU13 0GD. Copies of Spectrum Workplace Technology Group Limited's financial statements can be obtained from Companies House.