Company Registration No. 07400040 (England and Wales)
Spectrum Steel Services Ltd
Unaudited accounts
for the year ended 31 March 2019
Spectrum Steel Services Ltd
Unaudited accounts
Contents
Spectrum Steel Services Ltd
Company Information
for the year ended 31 March 2019
Company Number
07400040 (England and Wales)
Registered Office
Unit 4B Barras Garth Industrial Estate
Barras Garth Road
Leeds
LS12 4JW
Accountants
Michael Upton
138 Town Street
Stanningley
Leeds
LS28 6ER
Spectrum Steel Services Ltd
Statement of financial position
as at 31 March 2019
Tangible assets
7,729
4,974
Cash at bank and in hand
5,609
10,280
Creditors: amounts falling due within one year
(12,868)
(21,621)
Net current assets
8,923
6,925
Total assets less current liabilities
16,652
11,899
Creditors: amounts falling due after more than one year
(10,000)
(495)
Called up share capital
2
2
Profit and loss account
6,650
11,402
Shareholders' funds
6,652
11,404
For the year ending 31 March 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 December 2019.
Michael Avery
Director
Company Registration No. 07400040
Spectrum Steel Services Ltd
Notes to the Accounts
for the year ended 31 March 2019
Spectrum Steel Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07400040. The registered office is Unit 4B Barras Garth Industrial Estate, Barras Garth Road, Leeds, LS12 4JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the standard rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2018
1,579
4,686
6,265
At 31 March 2019
1,579
8,336
9,915
At 1 April 2018
249
1,042
1,291
Charge for the year
239
656
895
At 31 March 2019
488
1,698
2,186
At 31 March 2019
1,091
6,638
7,729
At 31 March 2018
1,330
3,644
4,974
Trade debtors
10,929
17,247
Spectrum Steel Services Ltd
Notes to the Accounts
for the year ended 31 March 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
(1,019)
7,247
Taxes and social security
-
2,779
Accrued preference dividends
-
4,826
Loans from directors
13,887
974
7
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
10,000
495
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).
