Accounts Submission

Accounts Submission

SPECTRUM SOFTWARE (UK) LIMITED - Company Information

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SPECTRUM SOFTWARE (UK) LIMITED

Company Registration Number:
02963418 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 September 2015

End date: 31 August 2016

SPECTRUM SOFTWARE (UK) LIMITED

Abbreviated Balance sheet

As at 31 August 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 717 956
Total fixed assets: 717 956
Current assets
Stocks: 41 41
Debtors: 222 222
Cash at bank and in hand: 111,375 110,054
Total current assets: 111,638 110,317
Creditors: amounts falling due within one year: ( 11,291 ) ( 12,870 )
Net current assets (liabilities): 100,347 97,447
Total assets less current liabilities: 101,064 98,403
Provision for liabilities: ( 55 ) ( 55 )
Total net assets (liabilities): 101,009 98,348

The notes form part of these financial statements

SPECTRUM SOFTWARE (UK) LIMITED

Balance sheet continued

As at 31 August 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 2 2
Revaluation reserve: 63 93
Profit and loss account: 100,944 98,253
Shareholders funds: 101,009 98,348

For the year ending 31 August 2016 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 30 May 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Rachel Alexandra Le Vay Kriger
Status: Director

The notes form part of these financial statements

SPECTRUM SOFTWARE (UK) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under historic cost accounting and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

    Turnover policy

    Turnover represents the value of goods and services supplied by the Company net of value added tax.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided to write off the cost or valuation, less estimated residual values of fixed assets evenly over their expected useful lives. It is calculated at the following rules. Office equipment - 15% reducing balance. Computer equipment - 33% straight line bassis.

    Other accounting policies

    Foreign Currency. Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date of transaction. Exchange rate differences are taken into account in arriving at the operating profit.

SPECTRUM SOFTWARE (UK) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 2. Tangible assets

    Total
    Cost £
    01 September 2015: 21,420
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 August 2016: 21,420
    Depreciation
    01 September 2015: 20,464
    Charge for year: 239
    On disposals: 0
    Other adjustments: 0
    31 August 2016: 20,703
    Net book value
    31 August 2016: 717
    31 August 2015: 956

SPECTRUM SOFTWARE (UK) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2

SPECTRUM SOFTWARE (UK) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 4. Related party disclosures

    Name of the ultimate controlling party during the period: JI Kriger & RA Le Vay Kriger
    Name of related party: RA Le Vay Kriger
    Relationship: Director
    Description of the transaction Loan Interest free & repayable on demand
    Balance at 01 September 2015 5,140
    Balance at 31 August 2016 5,297

    Additional information

    The controlling parties own 50% of the company's ordinary share capital each.