Company Registration No. 3290876 (England and Wales)
SPECTRUM TELECOMMUNICATIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
SPECTRUM TELECOMMUNICATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
SPECTRUM TELECOMMUNICATIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
422,988
390,088
Current assets
Stocks
536
2,371
Debtors
817,944
641,096
Cash at bank and in hand
31,817
99,895
850,297
743,362
Creditors: amounts falling due within one year
3
(636,679)
(632,251)
Net current assets
213,618
111,111
Total assets less current liabilities
636,606
501,199
Creditors: amounts falling due after more than one year
4
(134,432)
(152,697)
Provisions for liabilities
(3,100)
(2,600)
499,074
345,902
Capital and reserves
Called up share capital
5
100
100
Revaluation reserve
99,043
69,573
Profit and loss account
399,931
276,229
Shareholders' funds
499,074
345,902
SPECTRUM TELECOMMUNICATIONS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2016
31 July 2016
- 2 -
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 January 2017
Mr C Money
Director
Company Registration No. 3290876
SPECTRUM TELECOMMUNICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
10% reducing balance
Computer equipment
20% straight line
Fixtures, fittings & equipment
20% straight line
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 August 2015
500,396
Additions
11,214
Revaluation
29,470
At 31 July 2016
541,080
Depreciation
At 1 August 2015
110,308
Charge for the year
7,784
At 31 July 2016
118,092
Net book value
At 31 July 2016
422,988
At 31 July 2015
390,088
SPECTRUM TELECOMMUNICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 4 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £19,204 (2015 - £19,204).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £134,432 (2015 - £152,697).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100