Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 08423446 Mr Alexander Ellis true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08423446 2023-02-28 08423446 2024-02-28 08423446 2023-03-01 2024-02-28 08423446 frs-core:Non-currentFinancialInstruments 2024-02-28 08423446 frs-core:ComputerEquipment 2023-03-01 2024-02-28 08423446 frs-core:FurnitureFittings 2023-03-01 2024-02-28 08423446 frs-core:NetGoodwill 2023-03-01 2024-02-28 08423446 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 08423446 frs-core:PlantMachinery 2023-03-01 2024-02-28 08423446 frs-core:ShareCapital 2024-02-28 08423446 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08423446 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08423446 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 08423446 frs-bus:SmallEntities 2023-03-01 2024-02-28 08423446 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08423446 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08423446 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 08423446 frs-bus:OrdinaryShareClass1 2024-02-28 08423446 1 2023-03-01 2024-02-28 08423446 frs-bus:Director1 2023-03-01 2024-02-28 08423446 frs-countries:EnglandWales 2023-03-01 2024-02-28 08423446 2022-02-28 08423446 2023-02-28 08423446 2022-03-01 2023-02-28 08423446 frs-core:Non-currentFinancialInstruments 2023-02-28 08423446 frs-core:ShareCapital 2023-02-28 08423446 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08423446 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 08423446
SCHOOL SPIDER LIMITED
ABRIDGED Financial Statements
For The Year Ended 28 February 2024
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08423446
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 5,600 6,000
Tangible Assets 6 20,397 21,880
25,997 27,880
CURRENT ASSETS
Stocks 7 13,450 11,800
Debtors 57,669 60,196
Cash at bank and in hand 1,173,525 961,343
1,244,644 1,033,339
Creditors: Amounts Falling Due Within One Year (973,879 ) (821,708 )
NET CURRENT ASSETS (LIABILITIES) 270,765 211,631
TOTAL ASSETS LESS CURRENT LIABILITIES 296,762 239,511
Creditors: Amounts Falling Due After More Than One Year (21,088 ) (31,209 )
NET ASSETS 275,674 208,302
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 275,673 208,301
SHAREHOLDERS' FUNDS 275,674 208,302
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board on 12 March 2024 and were signed on its behalf by:
Mr Alexander Ellis
Director
12 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
SCHOOL SPIDER LIMITED is a private company, limited by shares, incorporated in England & Wales.
The registered number is 08423446 .
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
Dividends paid to the Director are reported in the notes to the accounts.
There are no other related party transactions to report.
There are no contingent liabilities or post balance sheet events to report.
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 represents net invoiced fees issued excluding Value Added Tax (VAT).
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account in equal instalments over its estimated economic life of 25 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life. 
Freehold 1% Reducing Balance
Plant & Machinery 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
No depreciation is provided in the year of acquisition.
2.5. Stocks and Work in Progress
Work in Progress is valued at the prime cost of labour and materials plus other direct expenses.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Research and Development
Expenditure on research and development is written off against the profits in the year in which it is incurred.
2.8. Accounting Reference Date
The accounting reference date is 27 February.
These accounts are nevertheless for the year ending 28 February 2024.
2.9. Comparative Figures
The comparative figures used throughout these accounts are as at 28 February 2023 or are for the year ended on that date.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, who are employed under a contract of service during the year was as follows:
2024 2023
Office and administration 9 9
9 9
4. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts 906 1,050
5. Intangible Assets
Total
£
Cost
As at 1 March 2023 10,000
As at 28 February 2024 10,000
Amortisation
As at 1 March 2023 4,000
Provided during the period 400
As at 28 February 2024 4,400
Net Book Value
As at 28 February 2024 5,600
As at 1 March 2023 6,000
The net assets of the business excluding cash formerly owned by Mr Alexander Ellis were acquired by the Company on 1 March 2013 for a consideration of £10,800.
The difference between the consideration of £10,800 and fair vale of the net assets acquired is then £10,000 and is attributable to goodwill which is being amortised in 25 equal annual instalments.
6. Tangible Assets
Total
£
Cost
As at 1 March 2023 36,759
Additions 11,633
Disposals (15,276 )
As at 28 February 2024 33,116
Depreciation
As at 1 March 2023 14,879
Provided during the period 1,547
Disposals (3,707 )
As at 28 February 2024 12,719
...CONTINUED
Page 4
Page 5
Net Book Value
As at 28 February 2024 20,397
As at 1 March 2023 21,880
7. Stocks
2024 2023
£ £
Work in progress 13,450 11,800
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
9. Pension Commitments
The company operates a defined contribution pension scheme.
The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date contributions of £1,385 (2023 £1,294) were due to the fund and are included in Other creditors.
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Alexander Ellis 133,000 121,500
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 133,000 121,500
12. Ultimate Controlling Party
The Company was controlled throughout the year by Mr Alexander Ellis who held 1 £1 Ordinary Voting Share throughout the year, there being 1 £1 Ordinary Voting Share in issue. 
Page 5