|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2017 |
|
for |
|
SPECTRUM COLLECTIONS LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2017 |
|
for |
|
SPECTRUM COLLECTIONS LIMITED |
SPECTRUM COLLECTIONS LIMITED (REGISTERED NUMBER: 08723931) |
|
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 APRIL 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
SPECTRUM COLLECTIONS LIMITED |
|
Company Information |
FOR THE YEAR ENDED 30 APRIL 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Henstaff Court |
Llantrisant Road |
Groesfaen |
Cardiff |
CF72 8NG |
SPECTRUM COLLECTIONS LIMITED (REGISTERED NUMBER: 08723931) |
|
Balance Sheet |
30 APRIL 2017 |
|
30.4.17 | 30.4.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
SPECTRUM COLLECTIONS LIMITED (REGISTERED NUMBER: 08723931) |
|
Balance Sheet - continued |
30 APRIL 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
|
|
|
SPECTRUM COLLECTIONS LIMITED (REGISTERED NUMBER: 08723931) |
|
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 APRIL 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Spectrum Collections Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30 April 2017 are the first that are prepared in accordance with |
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
transition to FRS 102 Section 1A is 1 May 2015. |
|
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 |
|
|
Fixtures and fittings - 20% Straight line |
|
Computer equipment - 20% Straight line |
|
Plant and machinery - 20% Straight line |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
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
|
SPECTRUM COLLECTIONS LIMITED (REGISTERED NUMBER: 08723931) |
|
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2016 |
|
|
|
|
Additions |
|
|
|
|
At 30 April 2017 |
|
|
|
|
DEPRECIATION |
At 1 May 2016 |
|
|
|
|
Charge for year |
|
|
|
|
At 30 April 2017 |
|
|
|
|
NET BOOK VALUE |
At 30 April 2017 |
|
|
|
|
At 30 April 2016 |
|
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Trade debtors |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Trade creditors |
|
|
Tax |
|
|
VAT | 111,610 | 24,303 |
Accrued expenses |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Directors' loan accounts | 37,126 | 85,442 |