Spectrum Plastics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03494398 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

SPECTRUM PLASTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Anthony Hopkinson

SECRETARY:

Mrs Irmgard Hopkinson

REGISTERED OFFICE:

Unit 4

Cocker Avenue

Poulton

Lancashire

FY6 8JU

REGISTERED NUMBER:

03494398 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

203,625

237,483

203,625

237,483

CURRENT ASSETS

Stocks

6

8,500

Debtors

7

200,008

263,815

Cash at bank

34,463

39,315

242,971

311,630

CREDITORS

Amounts falling due within one year

8

279,841

326,553

NET CURRENT LIABILITIES

(36,870

)

(14,923

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

166,755

222,560

CREDITORS

Amounts falling due after more than one
year

9

(26,513

)

(51,279

)

PROVISIONS FOR LIABILITIES

10

(36,677

)

(45,113

)

NET ASSETS

103,565

126,168

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

102,565

125,168

SHAREHOLDERS' FUNDS

103,565

126,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2026 and were signed by:

Anthony Hopkinson - Director

1.	STATUTORY INFORMATION

Spectrum Plastics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

straight line over period of lease

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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 Income Statement, 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.

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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 February 2025

and 31 January 2026

440

AMORTISATION

At 1 February 2025

and 31 January 2026

440

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

COST

At 1 February 2025

65,583

204,445

183,869

9,669

463,566

Additions

-

30,375

-

30,375

At 31 January 2026

65,583

234,820

183,869

9,669

493,941

DEPRECIATION

At 1 February 2025

8,798

129,386

79,205

8,694

226,083

Charge for year

68

19,555

43,884

726

64,233

At 31 January 2026

8,866

148,941

123,089

9,420

290,316

NET BOOK VALUE

At 31 January 2026

56,717

85,879

60,780

249

203,625

At 31 January 2025

56,785

75,059

104,664

975

237,483

6.

STOCKS

31/1/26

31/1/25

£

Stocks

8,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Trade debtors

93,391

151,179

Directors' current accounts

105,001

111,044

Prepayments

1,616

1,592

200,008

263,815

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Bank loans and overdrafts

4,340

4,509

Hire purchase contracts

24,200

Trade creditors

120,443

133,518

Company credit card

719

1,952

Factoring account

10,815

67,703

Tax

61,585

61,395

Social security and other taxes

473

441

VAT

22,504

22,763

Accrued expenses

34,762

10,072

279,841

326,553

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/1/26

31/1/25

£

Bank loans - 1-2 years

4,340

4,509

Bank loans - 2-5 years

10,679

13,252

Hire purchase contracts

11,494

33,518

26,513

51,279

10.	PROVISIONS FOR LIABILITIES

31/1/26

31/1/25

£

Deferred tax

36,677

45,113

Deferred

tax

£

Balance at 1 February 2025

45,113

Utilised during year

(8,436

)

Balance at 31 January 2026

36,677

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31/1/26

31/1/25

£

Anthony Hopkinson

Balance outstanding at start of year

111,044

125,615

Amounts advanced

193,149

184,448

Amounts repaid

(199,192

)

(199,019

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

105,001

111,044

Interest is charged on the director's loan account at 2.25% to 5th April 2025 and at 3.75% thereafter per annum.