Spectrum Yarns Limited in Slaithwaite, Huddersfield, HD7 5BB

Description

Data updated on: 01-11-2023

1973 marks the establishment of Spectrum Yarns Limited, a company that is situated at Spa Mill,new Street, Spa Fields Industrial Estate in Slaithwaite, Huddersfield. This means it's been 51 years Spectrum Yarns has prospered in the United Kingdom, as it was started on 1973-10-30. Its registered no. is 01142407 and the company post code is HD7 5BB. The firm now known as Spectrum Yarns Limited, was previously registered under the name of Kevard Textile Machinery. The transformation has taken place in 1994-08-17. The company's Standard Industrial Classification Code is 46410 and has the NACE code: Wholesale of textiles. The latest financial reports cover the period up to Fri, 31st Mar 2023 and the most current annual confirmation statement was submitted on Tue, 15th Nov 2022.

The corporation has four trademarks, all are active. The first trademark was obtained in 2013. The one that will expire sooner, i.e. in April, 2023 is UK00003001036.

In order to meet the requirements of its client base, the following firm is being taken care of by a unit of two directors who are Danielle B. and Richard B.. Their outstanding services have been of utmost use to the firm since 2018-03-19. In order to support the directors in their duties, this specific firm has been using the skills of Danielle B. as a secretary for the last 2 years.

Previous company's names
Spectrum Yarns Limited 1994-08-17
Kevard Textile Machinery Limited 1973-10-30

Trade marks

Trademark UK00003020904

Trademark image:
Status:	Registered
Filing date:	2013-09-05
Date of entry in register:	2013-12-06
Renewal date:	2023-09-05
Owner name:	Spectrum Yarns Limited
Owner address:	Spa Mill, New Street, Spa Fields Industrial Estate, Slaithwaite, Huddersfield, United Kingdom, HD7 5BB

Trademark UK00003020903

Trademark image:	-
Trademark name:	SLAITH
Status:	Registered
Filing date:	2013-09-05
Date of entry in register:	2013-12-06
Renewal date:	2023-09-05
Owner name:	Spectrum Yarns Limited
Owner address:	Spa Mill, New Street, Spa Fields Industrial Estate, Slaithwaite, Huddersfield, United Kingdom, HD7 5BB

Trademark UK00003021022

Trademark image:	-
Trademark name:	FROM FORGOTTEN COMES FINEST
Status:	Registered
Filing date:	2013-09-06
Date of entry in register:	2013-12-06
Renewal date:	2023-09-06
Owner name:	Spectrum Yarns Limited
Owner address:	Spa Mill, New Street, Spa Fields Industrial Estate, Slaithwaite, Huddersfield, United Kingdom, HD7 5BB

Trademark UK00003001036

Trademark image:
Status:	Registered
Filing date:	2013-04-08
Date of entry in register:	2013-08-09
Renewal date:	2023-04-08
Owner name:	Spectrum Yarns Limited
Owner address:	Spa Mill, New Street, Spa Fields Industrial Estate, Slaithwaite, Huddersfield, United Kingdom, HD7 5BB

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	1 873 055	1 749 586	4 007 231	2 370 047	1 196 148
Current Assets	9 594 220	9 193 089	10 367 845	10 343 584	6 717 532
Debtors	3 238 085	3 052 865	2 619 299	2 898 300	2 200 393
Net Assets Liabilities	5 101 719	5 306 548	6 605 900	7 585 821	7 202 784
Other Debtors			34 692	20 348	14 403
Property Plant Equipment	732 036	1 259 937	1 988 746	2 089 819	5 481 841
Total Inventories	4 483 080	4 390 638	3 741 315	5 075 237

Other Financial Data
Audit Fees Expenses	9 650	9 650	9 650	14 840	14 375
Accrued Liabilities Deferred Income	342 422	411 250	316 841	348 555	412 309
Accumulated Depreciation Impairment Property Plant Equipment	7 326 940	7 463 440	7 035 492	7 306 253	7 491 148
Additions Other Than Through Business Combinations Property Plant Equipment		664 401	938 200	375 034	3 701 464
Administrative Expenses	731 264	716 898	826 996	941 846	823 940
Amounts Owed To Group Undertakings	46 840	46 840	46 840	46 840	46 840
Average Number Employees During Period	135	132	114	108	116
Cash Cash Equivalents Cash Flow Value	1 873 055	1 749 586	4 007 231	2 370 047	1 196 148
Corporation Tax Payable				175 000
Corporation Tax Recoverable					174 748
Cost Sales	12 902 997	12 682 964	13 437 397	11 870 045	12 382 735
Creditors	1 369 997	1 214 569	769 612	482 625	1 280 111
Current Tax For Period				175 000	-174 748
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit			-21 675
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period					-110 000
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws					110 000
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			297 000	83 000	-156 000
Depreciation Expense Property Plant Equipment	148 085	136 500	209 391	273 961
Depreciation Impairment Expense Property Plant Equipment	148 085	136 500	209 391	273 961	309 442
Distribution Costs	2 067 464	1 836 823	1 803 989	1 891 281	1 891 168
Dividends Paid	50 000	50 000	75 000	100 000	100 000
Dividends Paid Classified As Financing Activities	-50 000	-50 000	-75 000	-100 000	-100 000
Dividends Paid On Shares Interim	50 000	50 000	75 000	100 000	100 000
Finance Lease Liabilities Present Value Total			372 866	215 841	54 298
Finance Lease Payments Owing Minimum Gross			525 500	372 866	215 841
Finished Goods Goods For Resale	3 092 481	3 302 087	2 736 658	3 768 788	2 473 468
Fixed Assets	769 277	1 297 178	2 025 987	2 127 060	5 519 082
Further Item Tax Increase Decrease Component Adjusting Items	-21 041	-49 970	24	126 695	1 197
Future Minimum Lease Payments Under Non-cancellable Operating Leases	302 781	89 348	117 143	153 008	189 138
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	75 794	5 108	-67 534	-87 005	15 253
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-468 523	58 207	-587 141	190 651	576 223
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-84 430	-185 220	-433 566	279 001	-872 655
Gain Loss In Cash Flows From Change In Inventories	331 000	-92 442	-649 323	1 333 922	-1 754 246
Gain Loss On Disposals Property Plant Equipment			21 500	125
Government Grant Income		18 524	570 075	9 612
Gross Profit Loss	3 423 686	2 820 402	3 771 675	4 189 708
Income Taxes Paid Refund Classified As Operating Activities					-174 748
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-34 344	123 469		1 637 184	1 173 899
Increase Decrease In Current Tax From Adjustment For Prior Periods					252
Increase From Depreciation Charge For Year Property Plant Equipment		136 500	209 391	273 961	309 442
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	115		11 062	12 946
Interest Paid Classified As Operating Activities				-28 801	-17 952
Interest Payable Similar Charges Finance Costs	37 683	30 376	39 808	28 801	17 952
Interest Received Classified As Investing Activities			-395	-529	-11 412
Investments Fixed Assets	37 241	37 241	37 241	37 241	37 241
Investments In Subsidiaries	37 241	37 241	37 241	37 241	37 241
Key Management Personnel Compensation Total			105 056	107 464	3 845
Net Cash Flows From Used In Financing Activities	724 995	69 852
Net Cash Flows From Used In Investing Activities	197 974	664 401
Net Cash Flows From Used In Operating Activities	-957 313	-610 784	-3 528 878	192 346
Net Cash Generated From Operations	-994 996	-641 160	-3 568 686	163 545	-1 856 323
Net Current Assets Liabilities	5 702 439	5 223 939	5 646 525	6 321 386	3 297 813
Net Finance Income Costs			395	529	11 412
Net Interest Paid Received Classified As Operating Activities	-37 683	-30 376	-39 808	-28 801
Operating Profit Loss	624 958	285 205	1 710 765	1 366 193
Other Creditors	441 786	431 184	307 659	333 040	359 798
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			637 339	3 200	124 547
Other Disposals Property Plant Equipment			637 339	3 200	124 547
Other Interest Expense	37 568	30 376	28 746	15 855	9 397
Other Interest Income			395	529	11 412
Other Interest Receivable Similar Income Finance Income			395	529	11 412
Other Operating Income Format1		18 524	570 075	9 612
Other Remaining Borrowings	2 039 849	2 019 997	1 214 569	396 745	1 500 000
Other Taxation Social Security Payable	356 703	421 372	742 667	282 314	171 198
Payments Finance Lease Liabilities Classified As Financing Activities	-15 043		525 500	-152 634	-157 025
Pension Other Post-employment Benefit Costs Other Pension Costs	74 863	92 130	142 044	163 700	61 973
Percentage Class Share Held In Subsidiary		100	100	100
Prepayments Accrued Income	46 229	58 455	55 148	29 029	33 769
Proceeds From Sales Property Plant Equipment			-21 500	-125	-6 300
Profit Loss	587 275	254 829	1 374 352	1 079 921	-283 037
Profit Loss On Ordinary Activities Before Tax	587 275	254 829	1 671 352	1 337 921	-504 037
Property Plant Equipment Gross Cost	8 058 976	8 723 377	9 024 238	9 396 072	12 972 989
Purchase Property Plant Equipment	-197 974	-664 401	-938 200	-375 034	-3 701 464
Raw Materials Consumables	1 064 197	979 581	869 772	1 171 324
Repayments Borrowings Classified As Financing Activities	-659 952	-19 852	-805 428	-817 824	1 103 255
Social Security Costs	284 718	299 335	265 324	287 970
Staff Costs Employee Benefits Expense	3 381 423	3 540 274	3 085 958	3 155 793	3 305 509
Taxation Including Deferred Taxation Balance Sheet Subtotal			297 000	380 000	334 000
Tax Expense Credit Applicable Tax Rate	111 582	48 418	317 557	254 205	-95 767
Tax Increase Decrease From Effect Capital Allowances Depreciation				-80 417	1 153 010
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	17 330	1 552	1 094	953	569
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward					-993 599
Tax Tax Credit On Profit Or Loss On Ordinary Activities			297 000	258 000	-221 000
Total Assets Less Current Liabilities	6 471 716	6 521 117	7 672 512	8 448 446	8 816 895
Total Borrowings	1 369 997	1 214 569	396 746	266 784	1 225 813
Total Current Tax Expense Credit				175 000	-175 000
Total Deferred Tax Expense Credit				83 000	-46 000
Trade Creditors Trade Payables	2 034 178	1 853 076	2 336 856	2 549 463	1 993 844
Trade Debtors Trade Receivables	3 191 856	2 994 410	2 529 459	2 848 923	1 977 473
Turnover Revenue	16 326 683	15 503 366	17 209 072	16 059 753
Wages Salaries	3 021 842	3 148 809	2 678 590	2 704 123	2 953 111
Work In Progress	326 402	108 970	134 885	135 125
Company Contributions To Defined Benefit Plans Directors			40 710	40 928
Director Remuneration	126 079	135 163	101 800	94 324	102 000
Director Remuneration Benefits Including Payments To Third Parties			142 510	135 252	102 949

Company staff

Danielle B.

Role: Secretary

Appointed: 14 October 2022

Latest update: 3 March 2024

Danielle B.

Role: Director

Appointed: 19 March 2018

Latest update: 3 March 2024

Richard B.

Role: Director

Appointed: 15 November 1991

Latest update: 3 March 2024

Audrey B.

Role: Secretary

Resigned: 30 March 1992

Latest update: 3 March 2024

Ian P.

Role: Secretary

Appointed: 02 May 2002

Resigned: 29 September 2022

Latest update: 3 March 2024

Richard B.

Role: Secretary

Appointed: 30 March 1992

Resigned: 02 May 2002

Latest update: 3 March 2024

Audrey B.

Role: Director

Appointed: 15 November 1991

Resigned: 02 May 2002

Latest update: 3 March 2024

People with significant control

Richard B. is the individual with significant control over this firm, owns over 3/4 of company shares.

Richard B.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

Accounts Documents

Account next due date	31 December 2024
Account last made up date	31 March 2023
Confirmation statement next due date	29 November 2023
Confirmation statement last made up date	15 November 2022

Annual Accounts
Start Date For Period Covered By Report	2019-04-01
End Date For Period Covered By Report	2020-03-31
Annual Accounts
Start Date For Period Covered By Report	2020-04-01
End Date For Period Covered By Report	2021-03-31
Annual Accounts
Start Date For Period Covered By Report	2021-04-01
End Date For Period Covered By Report	2022-03-31
Annual Accounts
Start Date For Period Covered By Report	2022-04-01
End Date For Period Covered By Report	2023-03-31

Spectrum Yarns Limited

General information

Name:

Office Address:

Description

Trade marks

Trademark UK00003020904

Trademark UK00003020903

Trademark UK00003021022

Trademark UK00003001036

Financial data based on annual reports

Company staff

Danielle B.

Danielle B.

Richard B.

Audrey B.

Ian P.

Richard B.

Audrey B.

People with significant control

Richard B.

Accounts Documents

Company filings

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