Spectrum Industrial Limited - Filleted accounts

Registered number

01262728

Spectrum Industrial Limited

Filleted Accounts

31 July 2025

Spectrum Industrial Limited
Registered number:		01262728
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		488,837			496,715

Current assets
Stocks		76,611			80,139
Debtors	4	545,900			597,946
Cash at bank and in hand		813,552			703,633
		1,436,063			1,381,718

Creditors: amounts falling due within one year	5	(152,293)			(177,791)

Net current assets			1,283,770			1,203,927

Total assets less current liabilities			1,772,607			1,700,642


Provisions for liabilities			(908)			(1,201)


Net assets			1,771,699			1,699,441

Capital and reserves
Called up share capital			100,000			100,000
Non-distributable reserve	6		268,575			271,735
Profit and loss account			1,403,124			1,327,706

Shareholders' funds			1,771,699			1,699,441

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




W Carr
Director
Approved by the board on 22 April 2026

Spectrum Industrial Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost or revaluation less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			Straight line over lease term
	Plant and machinery			15% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Where a tax liability arises in respect of a revaluation, that liability is reflected in the revaluation reserve.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	495,000		182,524		73,198		750,722
	At 31 July 2025	495,000		182,524		73,198		750,722

	Depreciation
	At 1 August 2024	10,682		176,904		66,421		254,007
	Charge for the year	5,341		843		1,694		7,878
	At 31 July 2025	16,023		177,747		68,115		261,885

	Net book value
	At 31 July 2025	478,977		4,777		5,083		488,837
	At 31 July 2024	484,318		5,620		6,777		496,715


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					216,945		216,945
	Cumulative depreciation based on historical cost					6,543		4,362
						210,402		212,583
	Land and buildings were last revalued on 31 August 2022, by an independent firm of chartered surveyors.


4	Debtors					2025		2024
£							£

	Trade debtors					156,013		177,973
	Other debtors					389,887		419,973
						545,900		597,946


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					86,450		88,491
	Taxation and social security costs					59,462		83,202
	Other creditors					6,381		6,098
						152,293		177,791


6	Non-distributable reserve : revaluation reserve					2025		2024
£							£

	At 1 August 2024					271,735		274,895
	Depreciation on revalued asset					(3,160)		(3,160)

	At 31 July 2025					268,575		271,735


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	W E Carr
	2024 loan (interest bearing)	35,000				(35,000)		-

		35,000		-		(35,000)		-


8	Related party transactions

	Loans have been made to Spectrum Builders Limited, a company controlled by H J Carr. The loans are interest free and repayable on demand. The balance outstanding at the balance sheet date was £372,772. Interest bearing loans (at official rate) have been made to the directors, as shown in note 7.


9	Controlling party

	There is no single controlling party.


10	Other information

	Spectrum Industrial Limited is a private company limited by shares and incorporated in England. Its registered office is:
	19-24 Bedesway
	Bede Industrial Estate
	Jarrow
	Tyne & Wear
	NE32 3EG