Company Registration No. 09529797 (England and Wales)
SPECTRUM SOLAR LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED ENDED
31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
SPECTRUM SOLAR LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SPECTRUM SOLAR LIMITED
Company Registration No. 09529797
BALANCE SHEET
AS AT 31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Investments
2
-
100
Current assets
Debtors
3
100
-
Cash at bank and in hand
7,170
8,580
7,270
8,580
Creditors: amounts falling due within one year
4
(1,080)
(1,620)
Net current assets
6,190
6,960
Total assets less current liabilities
6,190
7,060
Capital and reserves
Called up share capital
5
10,000
10,000
Profit and loss reserves
(3,810)
(2,940)
Total equity
6,190
7,060
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial Year ended ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the Year ended in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 January 2019 and are signed on its behalf by:
J Walsh
Director
SPECTRUM SOLAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED ENDED 31 MARCH 2018
- 2 -
1
Accounting policies
Company information
Spectrum Solar Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention
.
The principal accounting policies adopted are set out below.
1.2
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Fixed asset investments
2018
2017
£
£
Investments
-
100
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2017 & 31 March 2018
100
Impairment
At 1 April 2017
-
Disposals
100
At 31 March 2018
100
Carrying amount
At 31 March 2018
-
At 31 March 2017
100
SPECTRUM SOLAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED ENDED 31 MARCH 2018
- 3 -
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Other debtors
100
-
4
Creditors: amounts falling due within one year
2018
2017
£
£
Other creditors
1,080
1,620
1,080
1,620
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
10,000
10,000