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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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Spectral Edge Limited |
DRAFT |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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Spectral Edge Limited |
Spectral Edge Limited (Registered number: 07538488) |
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Contents of the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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DRAFT |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Report of the Accountants | 5 |
Spectral Edge Limited |
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Company Information |
for the Year Ended 29 February 2016 |
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DRAFT |
DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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Spectral Edge Limited (Registered number: 07538488) |
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Abbreviated Balance Sheet |
29 February 2016 |
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29.2.16 | 28.2.15 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
by: |
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Spectral Edge Limited (Registered number: 07538488) |
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Notes to the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Tangible fixed assets |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 March 2015 |
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Additions |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.2.16 | 28.2.15 |
value: | £ | £ |
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Ordinary | £0.10 |
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Ordinary A | £0.10 |
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224 | 224 |
Spectral Edge Limited (Registered number: 07538488) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
DRAFT |
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4. | POST BALANCE SHEET EVENTS |
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On 15 March 2016, the issued share capital was sub-divided. 1,571 Ordinary shares (nominal value £0.10 per |
share) were sub-divided into 157,100 Ordinary shares (nominal value £0.001 per share), and 668 Ordinary A |
shares (nominal value £0.10 per share) were sub-divided into 66,800 Ordinary A shares (nominal value £0.001 |
per share). |
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On the same date, 6,300 Ordinary and 66,800 Ordinary A shares were redesignated as Preference shares with the |
same rights to vote and participate in dividends, pari passu with all other shares. |
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Also, on 15 March 2016, an additional 142,528 Ordinary B shares were allotted, issued and fully paid at £6.49 |
per share, 49,464 Preference shares were allotted, issued and fully paid at £6.49 per share, and a further 19,434 |
Preference shares were allotted on conversion of the outstanding loan notes. |
Spectral Edge Limited |
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Report of the Accountants to the Directors of |
Spectral Edge Limited |
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DRAFT |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2016 set out on pages nil to nil and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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Date: ............................................. |