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Company Registration No. 07400040 (England and Wales)
Spectrum Steel Services Ltd Unaudited accounts for the year ended 31 March 2026
Spectrum Steel Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Spectrum Steel Services Ltd Company Information for the year ended 31 March 2026
Director
Michael Avery
Company Number
07400040 (England and Wales)
Registered Office
Unit 4B Barras Garth Industrial Estate Barras Garth Road Leeds LS12 4JW
Accountants
Michael Upton and Co 138 Town Stanningley Pudsey West Yorkshire LS28 6ER
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Spectrum Steel Services Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
59,480
60,464
Current assets
Inventories
-
(4,664)
Cash at bank and in hand
9,342
3,865
9,342
(799)
Creditors: amounts falling due within one year
5
(6,600)
-
Net current assets/(liabilities)
2,742
(799)
Total assets less current liabilities
62,222
59,665
Creditors: amounts falling due after more than one year
6
(109,886)
(116,274)
Net liabilities
(47,664)
(56,609)
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
(47,666)
(56,611)
Shareholders' funds
(47,664)
(56,609)
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 July 2026 and were signed on its behalf by
Michael Avery Director Company Registration No. 07400040
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Spectrum Steel Services Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Spectrum Steel Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07400040. The registered office is Unit 4B Barras Garth Industrial Estate, Barras Garth Road, Leeds, LS12 4JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the standard rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
55,000
1,842
14,586
71,428
At 31 March 2026
55,000
1,842
14,586
71,428
Depreciation
At 1 April 2025
-
1,842
9,122
10,964
Charge for the year
-
-
984
984
At 31 March 2026
-
1,842
10,106
11,948
Net book value
At 31 March 2026
55,000
-
4,480
59,480
At 31 March 2025
55,000
-
5,464
60,464
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Spectrum Steel Services Ltd Notes to the Accounts for the year ended 31 March 2026
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
3,194
-
VAT
1,835
-
Trade creditors
1,261
-
Taxes and social security
310
-
6,600
-
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
38,874
45,262
Loans from directors
71,012
71,012
109,886
116,274
7
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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