Company registration number: 02130421
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Spectrum Franchising Limited
Pages for filing with the Registrar
Company registration number: 02130421
Spectrum Franchising Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 113,138 106,125
113,138 106,125
Current assets
Stocks 103,417 205,113
Debtors 5 1,688,761 1,262,785
Cash at bank and in hand 989,176 1,974,046
2,781,354 3,441,944
Creditors: amounts falling due within one
year 		6 (1,991,347) (2,613,020)
Net current assets 790,007 828,924
Total assets less current liabilities 903,145 935,049
Creditors: Amounts falling due after more
than one year 		7 (63,864) (64,008)
NET ASSETS 839,281 871,041
Capital and reserves
Called up share capital 850,000 850,000
Profit and loss account (10,719) 21,041
TOTAL EQUITY 839,281 871,041
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 02130421
Spectrum Franchising Limited
Balance sheet - continued
as at 31 December 2025
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 account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 May 2026 and signed on its behalf by:
Mr C Roche, Director Mr M McMullen, Director
15 May 2026 15 May 2026
2
Spectrum Franchising Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Spectrum Franchising Limited is a private company registered in England and Wales. Its registered number is 02130421. The company is limited by shares. Its registered office is Spectrum House, Lower Oakham Way, Mansfield, Nottinghamshire, NG18 5BY.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 etc.:
Property improvements - 30% straight line
Plant & equipment - 25% straight line
Office & IT - 30% straight line
Motor vehicles - 25% 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.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
3
Spectrum Franchising Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 37 (2024 - 36).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2025 316,382
Additions 72,882
Disposals (101,799)
At 31 December 2025 287,465
Depreciation
At 1 January 2025 210,257
Charge for year 66,683
Eliminated on disposal (102,613)
At 31 December 2025 174,327
4
Spectrum Franchising Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets - continued
Net book value
At 31 December 2025 113,138
At 31 December 2024 106,125
5 Debtors
2025 2024
£ £
Trade debtors 693,854 745,199
Amounts owed by group undertakings 873,646 421,446
Taxation 12,185 -
Other debtors 37,499 -
Prepayments and accrued income 71,577 96,140
1,688,761 1,262,785
6 Creditors: amounts falling due within one year
2025 2024
£ £
Hire purchase and finance leases 17,047 15,937
Trade creditors 129,745 326,792
Amounts owed to group undertakings 11,761 11,761
Other creditors 66,909 140,471
Taxation - 150,070
Social security and other tax 224,833 240,193
Accruals and deferred income 1,541,052 1,727,796
1,991,347 2,613,020
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Hire purchase and finance leases 63,864 64,008
8 Controlling party
The company is fully owned by Consortium Group RF Ltd.
5