REGISTERED NUMBER: 00230707 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

T. HAYNES CHORLEY & COMPANY LIMITED

TRADING AS

SPECTRUM INNOVATIONS

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

330,397

297,949

CURRENT ASSETS

Stocks

62,544

74,233

Debtors

5

108,238

159,279

Cash at bank and in hand

209,224

173,076

380,006

406,588

CREDITORS

Amounts falling due within one year

6

(111,039

)

(158,369

)

NET CURRENT ASSETS

268,967

248,219

TOTAL ASSETS LESS CURRENT LIABILITIES

599,364

546,168

CREDITORS

Amounts falling due after more than one year

7

(39,256

)

(21,260

)

PROVISIONS FOR LIABILITIES

(82,599

)

(71,594

)

NET ASSETS

477,509

453,314

CAPITAL AND RESERVES

Called up share capital

3,130

3,130

Retained earnings

474,379

450,184

477,509

453,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2026 and were signed by:

K D Doran - Director

1.	STATUTORY INFORMATION

The company is registered in England and its registered number is 00230707. The company is a private company limited by shares. Its registered office is Units 5-6 Vernon Mill, Mersey Street, Portwood, Stockport, Cheshire, SK1 2HX.

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 historical cost convention.

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

-

10% or 15% reducing balance

Motor vehicles

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

1,599,597

1,375

1,600,972

Additions

115,206

-

115,206

Disposals

(131,698

)

-

(131,698

)

At 31 December 2025

1,583,105

1,375

1,584,480

DEPRECIATION

At 1 January 2025

1,301,784

1,239

1,303,023

Charge for year

50,421

34

50,455

Eliminated on disposal

(99,395

)

-

(99,395

)

At 31 December 2025

1,252,810

1,273

1,254,083

NET BOOK VALUE

At 31 December 2025

330,295

102

330,397

At 31 December 2024

297,813

136

297,949

Included within plant and machinery are assets on hire purchase agreements with net book value £126,374 (2024: £60,678).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

86,875

125,960

Amounts owed by group undertakings

198

-

Other debtors

21,165

33,319

108,238

159,279

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

25,188

16,172

Trade creditors

32,016

55,974

Amounts owed to group undertakings

-

133

Taxation and social security

25,478

60,489

Other creditors

28,357

25,601

111,039

158,369

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

39,256

21,260

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

64,445

37,432

Hire purchase creditors are secured against assets to which they relate.