Anansi Technology Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11420090 (England and Wales)

Unaudited Financial Statements

for the Period 18 June 2018 to 30 June 2019

for

Anansi Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M N Bingham-Walker

A Martins de Carvalho

REGISTERED OFFICE:

70 The Grove

Bedford

MK40 3JN

REGISTERED NUMBER:

11420090 (England and Wales)

ACCOUNTANTS:

Fusion Consulting Ltd

1st Floor

Axiom House

Spring Villa Park

Edgware

HA8 7EB

FIXED ASSETS

Intangible assets

4

11,066

CURRENT ASSETS

Cash at bank

25

CREDITORS

Amounts falling due within one year

5

6,574

NET CURRENT LIABILITIES

(6,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,517

PROVISIONS FOR LIABILITIES

6

2,103

NET ASSETS

2,414

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

7

2,404

SHAREHOLDERS' FUNDS

2,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2019 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 on 2 March 2020 and were signed on its behalf by:

M N Bingham-Walker - Director

1.	STATUTORY INFORMATION

Anansi Technology Limited 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.

Turnover

Turnover represents amounts receivable for information technology consultancy services.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

Additions

12,296

At 30 June 2019

12,296

AMORTISATION

Amortisation for period

1,230

At 30 June 2019

1,230

NET BOOK VALUE

At 30 June 2019

11,066

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

2,002

Directors' current accounts

3,322

Accrued expenses

1,250

6,574

6.	PROVISIONS FOR LIABILITIES

£

Deferred tax

2,103

Deferred

tax

£

Provided during period

2,103

Balance at 30 June 2019

2,103

7.

RESERVES

Retained

earnings

£

Profit for the period

24,613

Dividends

(22,209

)

At 30 June 2019

2,404

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2019:

£

M N Bingham-Walker

Balance outstanding at start of period

-

Amounts advanced

12,892

Amounts repaid

(12,892

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

A Martins de Carvalho

Balance outstanding at start of period

-

Amounts advanced

12,925

Amounts repaid

(16,247

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(3,322

)

The directors' current account balance of £3,322 shown under creditors has no fixed date repayment, is repayable

on demand and is non-interest bearing.