Abbreviated Company Accounts - SPECTRON LED LIMITED

SPECTRON LED LIMITED - Company Information

07214599 SPECTRON LED LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 07214599 2013-07-01 2014-06-30 07214599 2014-06-30 07214599 2013-06-30 07214599 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 07214599 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 07214599

SPECTRON LED LIMITED

Abbreviated Accounts

30 June 2014

SPECTRON LED LIMITED Registered Number 07214599

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	12,620	14,620
Tangible assets	3	14,249	4,704
		26,869	19,324
Current assets
Stocks		35,000	28,600
Debtors		37,086	15,948
Cash at bank and in hand		15,255	30,164
		87,341	74,712
Creditors: amounts falling due within one year		(68,093)	(59,911)
Net current assets (liabilities)		19,248	14,801
Total assets less current liabilities		46,117	34,125
Provisions for liabilities		(1,137)	(730)
Total net assets (liabilities)		44,980	33,395
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		44,978	33,393
Shareholders' funds		44,980	33,395

For the year ending 30 June 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2015

And signed on their behalf by:
Mr. I. Lew, Director

SPECTRON LED LIMITED Registered Number 07214599

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures, Fittings & Equipment reducing balance 15%

Intangible assets amortisation policy
Goodwill arising in connection with the acquisition of a business is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Other accounting policies
Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

2Intangible fixed assets

	£
Cost
At 1 July 2013	20,620
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	20,620
Amortisation
At 1 July 2013	6,000
Charge for the year	2,000
On disposals	-
At 30 June 2014	8,000
Net book values
At 30 June 2014	12,620
At 30 June 2013	14,620

3Tangible fixed assets

	£
Cost
At 1 July 2013	6,339
Additions	10,422
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	16,761
Depreciation
At 1 July 2013	1,635
Charge for the year	877
On disposals	-
At 30 June 2014	2,512
Net book values
At 30 June 2014	14,249
At 30 June 2013	4,704

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2