Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04007261 Mr Steven Wallington Mrs Lauren Wallington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04007261 2023-06-30 04007261 2024-06-30 04007261 2023-07-01 2024-06-30 04007261 frs-core:CurrentFinancialInstruments 2024-06-30 04007261 frs-core:Non-currentFinancialInstruments 2024-06-30 04007261 frs-core:FurnitureFittings 2024-06-30 04007261 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04007261 frs-core:FurnitureFittings 2023-06-30 04007261 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 04007261 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04007261 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 04007261 frs-core:MotorVehicles 2024-06-30 04007261 frs-core:MotorVehicles 2023-07-01 2024-06-30 04007261 frs-core:MotorVehicles 2023-06-30 04007261 frs-core:PlantMachinery 2024-06-30 04007261 frs-core:PlantMachinery 2023-07-01 2024-06-30 04007261 frs-core:PlantMachinery 2023-06-30 04007261 frs-core:ShareCapital 2024-06-30 04007261 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04007261 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04007261 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04007261 frs-bus:SmallEntities 2023-07-01 2024-06-30 04007261 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04007261 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04007261 frs-bus:Director1 2023-07-01 2024-06-30 04007261 frs-bus:Director2 2023-07-01 2024-06-30 04007261 frs-countries:EnglandWales 2023-07-01 2024-06-30 04007261 2022-06-30 04007261 2023-06-30 04007261 2022-07-01 2023-06-30 04007261 frs-core:CurrentFinancialInstruments 2023-06-30 04007261 frs-core:Non-currentFinancialInstruments 2023-06-30 04007261 frs-core:ShareCapital 2023-06-30 04007261 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04007261
Spiderweb Systems.Net Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Bruce Allen LLP
Bruce Allen Llp Ground Floor Suite Crown House
40 North Street
Hornchurch
RM11 1EW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04007261
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 76,139 47,905
76,139 47,905
CURRENT ASSETS
Debtors 5 82,133 97,703
Cash at bank and in hand 277,207 279,812
359,340 377,515
Creditors: Amounts Falling Due Within One Year 6 (108,636 ) (110,039 )
NET CURRENT ASSETS (LIABILITIES) 250,704 267,476
TOTAL ASSETS LESS CURRENT LIABILITIES 326,843 315,381
Creditors: Amounts Falling Due After More Than One Year 7 (35,501 ) (23,967 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,300 ) (8,899 )
NET ASSETS 277,042 282,515
CAPITAL AND RESERVES
Called up share capital 8 10 2
Profit and Loss Account 277,032 282,513
SHAREHOLDERS' FUNDS 277,042 282,515
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Wallington
Director
4th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Spiderweb Systems.Net Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04007261 . The registered office is Bruce Allen Llp Ground Floor Suite Crown House, 40 North Street, Hornchurch, RM11 1EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 July 2023 9,750 83,360 41,390 1,580 136,080
Additions - 4,437 43,330 2,595 50,362
As at 30 June 2024 9,750 87,797 84,720 4,175 186,442
Depreciation
As at 1 July 2023 - 63,675 23,929 571 88,175
Provided during the period - 6,030 15,197 901 22,128
As at 30 June 2024 - 69,705 39,126 1,472 110,303
Net Book Value
As at 30 June 2024 9,750 18,092 45,594 2,703 76,139
As at 1 July 2023 9,750 19,685 17,461 1,009 47,905
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,343 92,393
Prepayments and accrued income 1,040 1,398
Other debtors 3,750 3,912
82,133 97,703
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,546 9,137
Bank loans and overdrafts 16,826 10,200
Corporation tax 32,072 43,902
Other taxes and social security 1,373 1,253
VAT 34,178 32,187
Other creditors 4,182 6,771
Accruals and deferred income 6,449 6,300
Directors' loan accounts 10 289
108,636 110,039
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,501 23,967
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 2
Page 5