SPECTRUM INC. LTD.


Directors	FRANCOIS, Verna Marcia
	GORDON, Shikira Domonique Abigail
	TRACEY-JONES, Lloyd Antony


Company Secretary	TRACEY-JONES, Lloyd Antony


Registered Address	Second Floor 361 Barking Road
	London
	E13 8EE


Registered Number	09594485 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Cash at bank and on hand		106		982
		106		982
Creditors amounts falling due within one year	4	(4,008)		(9,887)
Net current assets (liabilities)			(3,902)		(8,905)
Total assets less current liabilities			(3,902)		(8,905)
Creditors amounts falling due after one year	5		(6,249)		(6,249)
Net assets			(10,151)		(15,154)
Capital and reserves
Profit and loss account			(10,151)		(15,154)
Reserves			(10,151)		(15,154)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 September 2026, and are signed on its behalf by:

FRANCOIS, Verna Marcia
Director
Registered Company No. 09594485

SPECTRUM INC. LTD.

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private charitable company limited by guarantee incorporated and registered in England and Wales and has no share capital. In the event of the company being wound up, each member undertakes to contribute an amount not exceeding £10.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities and the Charities SORP (FRS 102) Statement of Recommended Practice.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention.

	Going concern
	The trustees have considered the charitable company’s financial position and its expected income and expenditure for at least 12 months from the date of approval of these financial statements. Based on their forecasts and projections, the trustees expect the charity to have adequate resources to continue in operational existence throughout that period. Accordingly, the financial statements have been prepared on a going concern basis.

Going concern

The trustees have considered the charitable company’s financial position and its expected income and expenditure for at least 12 months from the date of approval of these financial statements. Based on their forecasts and projections, the trustees expect the charity to have adequate resources to continue in operational existence throughout that period. Accordingly, the financial statements have been prepared on a going concern basis.

	Revenue from rendering of services
	Revenue from mediation and related services is recognised when the charitable company is entitled to the income, receipt is probable and the amount can be measured reliably.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		3

3.	Prior period adjustment
	Restatement of 2024 comparatives: During the year, the charitable company identified a historic liability of £2,400 relating to an earlier accounting period which had not previously been recognised. The comparative figures at 31 May 2024 have therefore been restated to recognise the liability, increasing creditors and reducing accumulated funds by £2,400. The liability was settled during the year ended 31 May 2025. The adjustment has no effect on the income or expenditure reported for the current year.

Prior period adjustment

Restatement of 2024 comparatives:
During the year, the charitable company identified a historic liability of £2,400 relating to an earlier accounting period which had not previously been recognised. The comparative figures at 31 May 2024 have therefore been restated to recognise the liability, increasing creditors and reducing accumulated funds by £2,400. The liability was settled during the year ended 31 May 2025. The adjustment has no effect on the income or expenditure reported for the current year.

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	192	737
Bank borrowings and overdrafts	1,971	5,000
Other creditors	945	2,400
Accrued liabilities and deferred income	900	1,750
Total	4,008	9,887


	Creditors falling due within one year comprise trade and other creditors, accruals, payroll liabilities and amounts due in respect of borrowings. Included within borrowings is £1,971 representing the current portion of the Bounce Back Loan.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	6,249	6,249
Total	6,249	6,249


	Creditors falling due after more than one year comprise amounts outstanding in respect of the Bounce Back Loan.

6.	Further information regarding the company's financial position
	Charity funds: All funds of the charitable company are unrestricted and are available for use in furtherance of the charity's objectives. At 31 May 2025, the charitable company had unrestricted funds in deficit of £10,151.