Spectral Line Systems Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC122949

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		33,640		34,617

			33,640		34,617
CURRENT ASSETS
Stocks	5	155,026		18,250
Debtors	6	-		4,355
Cash at bank and in hand		274,156		359,853

		429,182		382,458
Creditors: Amounts Falling Due Within One Year	7	(56,229 )		(49,556 )

NET CURRENT ASSETS (LIABILITIES)			372,953		332,902

TOTAL ASSETS LESS CURRENT LIABILITIES			406,593		367,519

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,186 )		(2,435 )

NET ASSETS			404,407		365,084

CAPITAL AND RESERVES
Called up share capital	8		300		300
Profit and Loss Account			404,107		364,784

SHAREHOLDERS' FUNDS			404,407		365,084

Page 1

Page 2

Spectral Line Systems Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Hugh McPherson

Director

21/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Spectral Line Systems Limited is a private company, limited by shares, incorporated in Scotland, registered number SC122949 . The registered office is 3 FERGUSSON VIEW, WEST LINTON, PEEBLESSHIRE, EH46 7DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% - Reducing Balance
Plant & Machinery	10% - Reducing Balance
Computer Equipment	25% - Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Spectral Line Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	42,500	132,226	36,123	210,849
Additions	-	-	587	587

As at 31 October 2025	42,500	132,226	36,710	211,436

Depreciation
As at 1 November 2024	17,718	122,547	35,967	176,232
Provided during the period	496	968	100	1,564

As at 31 October 2025	18,214	123,515	36,067	177,796

Net Book Value
As at 31 October 2025	24,286	8,711	643	33,640

As at 1 November 2024	24,782	9,679	156	34,617

5. Stocks

	2025	2024
	£	£
Stock	1,000	1,000
Work in progress	154,026	17,250

	155,026	18,250

Page 4

Page 5

Spectral Line Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	420
VAT	-	3,935

	-	4,355

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	9,753	8,301
Other taxes and social security	1,140	314
VAT	4,142	-
Other creditors	20,501	17,287
Accruals and deferred income	2,599	1,591
Director's loan account	18,094	22,063

	56,229	49,556

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	300	300

Page 5