SPIDERIT LTD


Directors	Harvey Horswell
	Jack Horswell
	Jonathan Horswell


Registered Address	The Gallery Ketteringham Hall
	Church Road
	Wymondham
	NR18 9RS


Registered Number	14913228 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		50,575		-
Tangible assets	4		3,387		4,118
			53,962		4,118
Current assets
Stocks	5	-		500
Debtors	6	21,469		20,883
Cash at bank and on hand		24,738		14,104
		46,207		35,487
Creditors amounts falling due within one year	7	(53,968)		(18,409)
Net current assets (liabilities)			(7,761)		17,078
Total assets less current liabilities			46,201		21,196
Creditors amounts falling due after one year	8		(28,491)		-
Net assets			17,710		21,196
Capital and reserves
Called up share capital			150		150
Profit and loss account			17,560		21,046
Shareholders' funds			17,710		21,196

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 May 2026, and are signed on its behalf by:

Harvey Horswell
Director
Registered Company No. 14913228

SPIDERIT LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Intangible assets are amortised over ten years.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	40

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	51,000	51,000
At 31 December 25	51,000	51,000
Amortisation and impairment
Charge for year	425	425
At 31 December 25	425	425
Net book value
At 31 December 25	50,575	50,575
At 31 December 24	-	-

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 25	11,440	11,440
Additions	916	916
At 31 December 25	12,356	12,356
Depreciation and impairment
At 01 January 25	7,322	7,322
Charge for year	1,647	1,647
At 31 December 25	8,969	8,969
Net book value
At 31 December 25	3,387	3,387
At 31 December 24	4,118	4,118

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	-	500
Total	-	500

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	20,730	12,004
Other debtors	739	8,879
Total	21,469	20,883

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	642	-
Bank borrowings and overdrafts	7,074	-
Taxation and social security	18,559	11,054
Other creditors	27,693	6,205
Accrued liabilities and deferred income	-	1,150
Total	53,968	18,409

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	12,991	-
Other creditors	15,500	-
Total	28,491	-