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REGISTERED NUMBER: 08789188 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

SPECTRUM AVIATION LIMITED

SPECTRUM AVIATION LIMITED (REGISTERED NUMBER: 08789188)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SPECTRUM AVIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: Mrs K R Wright
Mr D J Wright
Mr J Wright





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 08789188 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

SPECTRUM AVIATION LIMITED (REGISTERED NUMBER: 08789188)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 120,833 119,379

CURRENT ASSETS
Debtors 6 10,053 2,085
Cash at bank 13,442 25,685
23,495 27,770
CREDITORS
Amounts falling due within one year 7 137,013 135,055
NET CURRENT LIABILITIES (113,518 ) (107,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,315

12,094

PROVISIONS FOR LIABILITIES 8,913 10,036
NET (LIABILITIES)/ASSETS (1,598 ) 2,058

CAPITAL AND RESERVES
Called up share capital 8 1,000 100
Retained earnings 9 (2,598 ) 1,958
SHAREHOLDERS' FUNDS (1,598 ) 2,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

SPECTRUM AVIATION LIMITED (REGISTERED NUMBER: 08789188)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 May 2017 and were signed on its behalf by:




Mr D J Wright - Director



Mrs K R Wright - Director


SPECTRUM AVIATION LIMITED (REGISTERED NUMBER: 08789188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Spectrum Aviation Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

SPECTRUM AVIATION LIMITED (REGISTERED NUMBER: 08789188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 132,858
Additions 17,800
At 31 March 2017 150,658
DEPRECIATION
At 1 April 2016 13,479
Charge for year 16,346
At 31 March 2017 29,825
NET BOOK VALUE
At 31 March 2017 120,833
At 31 March 2016 119,379

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 9,970 600
Other debtors 83 1,485
10,053 2,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 2,622 1,169
Trade creditors 6,640 -
Taxation and social security 1,025 -
Other creditors 126,726 133,886
137,013 135,055

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
1,000 Ordinary £1.00 1,000 100

900 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the year.

SPECTRUM AVIATION LIMITED (REGISTERED NUMBER: 08789188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

9. RESERVES
Retained
earnings
£   

At 1 April 2016 1,958
Deficit for the year (4,556 )
At 31 March 2017 (2,598 )

10. CONTROL

The company is controlled by the directors who own 100% of the called up share capital.