REGISTERED NUMBER: 08683863 (England and Wales)

Financial Statements

for the Year Ended 5 April 2025

for

SPIDER IT SOLUTIONS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,351

3,039

CURRENT ASSETS

Debtors

5

153,401

215,714

Cash at bank and in hand

43,054

27,156

196,455

242,870

CREDITORS

Amounts falling due within one year

6

51,387

30,418

NET CURRENT ASSETS

145,068

212,452

TOTAL ASSETS LESS CURRENT LIABILITIES

147,419

215,491

PROVISIONS FOR LIABILITIES

588

760

NET ASSETS

146,831

214,731

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

146,731

214,631

SHAREHOLDERS' FUNDS

146,831

214,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 10 December 2025 and were signed on its behalf by:

Parmjit Ahuja - Director

1.	STATUTORY INFORMATION

Spider IT Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08683863

Registered office:

10 Elm Lane

Lower Earley

Reading

Berkshire

RG6 5UF

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 25% on reducing balance basis

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

and 5 April 2025

11,871

DEPRECIATION

At 6 April 2024

8,832

Charge for year

688

At 5 April 2025

9,520

NET BOOK VALUE

At 5 April 2025

2,351

At 5 April 2024

3,039

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

13,804

Other debtors

153,401

201,910

153,401

215,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

2,528

Other creditors

51,387

27,890

51,387

30,418

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 5 April 2025 and the period ended 5 April 2024:

2025

2024

£

£

Parmjit Ahuja and Neeta Ahuja

Balance outstanding at start of year

(19,030

)

(21,236

)

Amounts advanced

16

37,364

Amounts repaid

(22,593

)

(35,158

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(41,607

)

(19,030

)

During the year dividends issued = £13,400 (£26,000 in 2024)

8.	RELATED PARTY DISCLOSURES

The current year balance is £150,503 which is due to Spider (Holdings) Ltd which is a related party transaction with no terms attached. Last year it was £200,502