Spectrum Logic Ltd Filleted accounts for Companies House (small and micro)
Spectrum Logic Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10636221
|
|
|
|
Statement of Financial Position |
2021 |
2020 |
|
Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
– |
Current assets
Stocks |
|
– |
|
Debtors |
6 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
7 |
|
|
--------- |
--------- |
||
Net current assets |
|
|
|
-------- |
-------- |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
– |
-------- |
-------- |
||
Net assets |
|
|
|
-------- |
-------- |
||
Capital and reserves
Called up share capital |
|
|
Profit and loss account |
|
|
-------- |
-------- |
|
Shareholders funds |
|
|
-------- |
-------- |
|
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
16 February 2022
, and are signed on behalf of the board by:
|
Director |
Company registration number:
10636221
|
Notes to the Financial Statements |
Year ended 31 May 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Highgate Business Centre, 33 Greenwood Place, London, NW5 1LB.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
|
|
Impairment of fixed assets
Stocks
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2020:
1
).
5.
Tangible assets
Equipment |
|
£ |
|
Cost |
|
At 1 June 2020 |
– |
Additions |
|
------- |
|
At 31 May 2021 |
|
------- |
|
Depreciation |
|
At 1 June 2020 |
– |
Charge for the year |
|
------- |
|
At 31 May 2021 |
|
------- |
|
Carrying amount |
|
At 31 May 2021 |
|
------- |
|
At 31 May 2020 |
– |
------- |
|
6.
Debtors
2021 |
2020 |
|
£ |
£ |
|
Trade debtors |
|
– |
Other debtors |
|
|
--------- |
-------- |
|
|
|
|
--------- |
-------- |
|
7.
Creditors:
amounts falling due within one year
2021 |
2020 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
– |
Trade creditors |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
8.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
– |
-------- |
---- |
|
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021 |
2020 |
|
£ |
£ |
|
Not later than 1 year |
|
|
Later than 1 year and not later than 5 years |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
10.
Related party transactions
E F Bullard and T Anaxagoras are both directors and shareholders in ISDI Ltd.
A G Innes
is a director of ISDI Ltd. During the year, ISDI invoiced Spectrum Logic £192233 (2020: £149025), at the balance sheet date £48799(2020: £33823) was outstanding. During the year Spectrum Logic invoiced ISDI £74001 (2020: £nil). At the balance sheet date £74001 (2020: £nil) was outstanding. All transactions were at arm's length.