White Spider Media Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05362180

White Spider Media Ltd

Filleted Financial Statements

For the year ended

31 December 2024

White Spider Media Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		46,856	20,861

Current assets

Debtors	6	2,150,276	2,092,540
Cash at bank and in hand		1,129,298	1,324,972
		------------	------------
		3,279,574	3,417,512

Creditors: amounts falling due within one year	7	3,086,190		3,444,655
		------------		------------
Net current assets/(liabilities)			193,384	( 27,143)
			---------	--------
Total assets less current liabilities			240,240	( 6,282)

Creditors: amounts falling due after more than one year	8	36,244	–
		---------	-------
Net assets/(liabilities)		203,996	( 6,282)
		---------	-------

Capital and reserves

Called up share capital	10	10,060	10,060
Share premium account		1,440	1,440
Profit and loss account		192,496	( 17,782)
		---------	--------
Shareholders funds/(deficit)		203,996	( 6,282)
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

I Prickett

Director

Company registration number: 05362180

White Spider Media Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 194 Stanley Road, Teddington, Middlesex, TW11 8UE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have prepared the financial statements on a going concern basis. At the balance sheet date the company was in a net asset position and remained profitable and the directors have no reason to suggest they company cannot continue to trade and meet liabilities as they fall due for payment. For these reasons the financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25 % reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2023: 16 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	39,854	55,067	19,793	114,714
Additions	–	50,150	–	50,150
Disposals	–	( 55,066)	–	( 55,066)
	--------	--------	--------	---------
At 31 December 2024	39,854	50,151	19,793	109,798
	--------	--------	--------	---------
Depreciation
At 1 January 2024	34,059	40,421	19,373	93,853
Charge for the year	2,999	6,279	231	9,509
Disposals	–	( 40,420)	–	( 40,420)
	--------	--------	--------	---------
At 31 December 2024	37,058	6,280	19,604	62,942
	--------	--------	--------	---------
Carrying amount
At 31 December 2024	2,796	43,871	189	46,856
	--------	--------	--------	---------
At 31 December 2023	5,795	14,646	420	20,861
	--------	--------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 December 2024	41,825
	--------
At 31 December 2023	23,226
	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	878,362	1,577,301
Amounts owed by group undertakings and undertakings in which the company has a participating interest	636,637	137,500
Other debtors	635,277	377,739
	------------	------------
	2,150,276	2,092,540
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,054,973	2,346,495
Social security and other taxes	234,765	251,373
Sundry creditors and accruals	781,794	686,831
Other creditors	14,658	159,956
	------------	------------
	3,086,190	3,444,655
	------------	------------

Included within other creditors are hire purchase agreements which are secured against the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	36,244	–
	--------	----

Included within other creditors are hire purchase agreements which are secured against the assets to which they relate.

9. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2024	2023
	£	£
Not later than 1 year	41,825	23,226
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
Ordinary Class 2 shares of £ 0.01 each	6,000	60	6,000	60
	--------	--------	--------	--------
	16,000	10,060	16,000	10,060
	--------	--------	--------	--------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	68,823	68,823
Later than 1 year and not later than 5 years	150,160	218,983
	---------	---------
	218,983	287,806
	---------	---------

12. Summary audit opinion

The auditor's report dated 11 September 2025 was unqualified .

The senior statutory auditor was Heather McConnell , for and on behalf of Streets Audit LLP .

13. Directors' advances, credits and guarantees

During the year, the directors operated loan accounts with the company. At year end I Prickett owed the company £74,204 (2023 - the company owed £64,821), H Perkins was owed £9,077 from the company (2023 - £71,909) and G Duckworth owed £19,990 to the company (2023 - £19,990). The loans are interest free and repayable on demand.

14. Related party transactions

The company has taken advantage from the exemption available to it under FRS102 from reporting transactions with wholly owned members of the same group. There is a charge against H Perkins for all properties and all intellectual property rights as more particularly described in the instrument. This contains fixed charges, floating charges and also contains a negative pledge. This charge was delivered on 06 February 2023.

15. Controlling party

The ultimate and immediate parent company is White Spider Media (Holdings) Limited, a company registered in England and Wales.