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REGISTERED NUMBER: 09087504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SPIDER PROJECT MANAGEMENT LTD.

SPIDER PROJECT MANAGEMENT LTD. (REGISTERED NUMBER: 09087504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPIDER PROJECT MANAGEMENT LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S Webb
A Webb





REGISTERED OFFICE: C/O Crowe U.K. LLP
4 Mount Ephraim Road
Tunbridge Wells
TN1 1EE





REGISTERED NUMBER: 09087504 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

SPIDER PROJECT MANAGEMENT LTD. (REGISTERED NUMBER: 09087504)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,991 55,551
Investments 5 75 75
38,066 55,626

CURRENT ASSETS
Debtors 6 278,702 576,228
Investments 7 276 233
Cash at bank 905,142 353,548
1,184,120 930,009
CREDITORS
Amounts falling due within one year 8 466,230 337,126
NET CURRENT ASSETS 717,890 592,883
TOTAL ASSETS LESS CURRENT LIABILITIES 755,956 648,509

PROVISIONS FOR LIABILITIES 10 - 13,888
NET ASSETS 755,956 634,621

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 755,856 634,521
SHAREHOLDERS' FUNDS 755,956 634,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 17 March 2025 and were signed on its behalf by:





S Webb - Director


SPIDER PROJECT MANAGEMENT LTD. (REGISTERED NUMBER: 09087504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Spider Project Management Ltd. 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. ACCOUNTING POLICIES

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

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and no significant long term liabilities.

Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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

Income is recognised in the accounting period in which the company obtains the right to consideration in exchange for it's performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Computer equipment - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SPIDER PROJECT MANAGEMENT LTD. (REGISTERED NUMBER: 09087504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic
of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 119,269
Additions 5,185
At 30 June 2024 124,454
DEPRECIATION
At 1 July 2023 63,718
Charge for year 22,745
At 30 June 2024 86,463
NET BOOK VALUE
At 30 June 2024 37,991
At 30 June 2023 55,551

SPIDER PROJECT MANAGEMENT LTD. (REGISTERED NUMBER: 09087504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 75
NET BOOK VALUE
At 30 June 2024 75
At 30 June 2023 75

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,616 280,812
Amounts owed by group undertakings 214,946 183,196
Other debtors 4,875 4,875
Prepayments and accrued income 3,265 107,345
278,702 576,228

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 276 233

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,223 11,988
Corporation tax 110,853 95,950
Social security and other taxes 9,631 11,192
VAT 121,360 77,819
Other creditors 16,080 84,714
Pensions payable 1,827 2,061
Directors' loan accounts 17,941 27,152
Accruals and deferred income 184,315 26,250
466,230 337,126

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
£ £
Operating leases 39,000 58,500

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 13,888

SPIDER PROJECT MANAGEMENT LTD. (REGISTERED NUMBER: 09087504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 13,888
Credit to Income Statement during year (13,888 )
Balance at 30 June 2024 -

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Included within creditors is an outstanding payable of £1,827 (2023: £2,061).

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors, Mr A. Webb and Miss S. Webb £17,941 (2023: £27,152). The amount is unsecured, interest free and repayable on demand.