White Spider Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC321080 (Scotland)

Unaudited Financial Statements for the Year Ended 30th April 2018

for

White Spider Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

7

DIRECTOR:

Mr T C Dallmeyer

SECRETARY:

Mrs A Dallmeyer

REGISTERED OFFICE:

74/2 Harrison Gardens

Edinburgh

Midlothian

EH11 1SD

REGISTERED NUMBER:

SC321080 (Scotland)

ACCOUNTANTS:

Taylor McIntyre Limited

15 East Cromwell Street

Edinburgh

Midlothian

EH6 6HD

FIXED ASSETS

Tangible assets

4

1,213

1,694

CURRENT ASSETS

Debtors

5

9,608

13,641

CREDITORS

Amounts falling due within one year

6

9,078

14,719

NET CURRENT ASSETS/(LIABILITIES)

530

(1,078

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,743

616

PROVISIONS FOR LIABILITIES

230

322

NET ASSETS

1,513

294

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,512

293

SHAREHOLDERS' FUNDS

1,513

294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15th January 2019 and were signed by:

Mr T C Dallmeyer - Director

1.	STATUTORY INFORMATION

White Spider Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS102 to all financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provision of the instrument.

Financial assets and liabilities are offset with the net amounts presented in the financial statements when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method

unless the arrangement constitutes a financing transaction where the transaction is measured at the present value

of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one

year are not amortised.

Classification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the company after deducting all of its liabilities.

Basic Financial Liabilities

Basic financial liabilities including creditors, bank loans, loans from fellow group companies and preference shares

that are classified as debt are initially recognised at a transaction price unless the arrangement constitutes a

financing transaction, where the debt instrument is measured at the present value of the future receipts discounted

at a market value of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or

less and are not amortised. If not, they are presented as non-current liabilities. Trade creditors are recognised

initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of

the company.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st May 2017

and 30th April 2018

138

11,572

11,710

DEPRECIATION

At 1st May 2017

138

9,878

10,016

Charge for year

-

481

481

At 30th April 2018

138

10,359

10,497

NET BOOK VALUE

At 30th April 2018

-

1,213

1,213

At 30th April 2017

-

1,694

1,694

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

6,176

6,474

Directors' current accounts

3,032

3,279

Prepayments and accrued income

400

3,888

9,608

13,641

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

1,080

1,044

Trade creditors

1,658

4,603

Tax

3,895

6,313

Social security and other taxes

861

-

VAT

584

787

Accrued expenses

1,000

1,972

9,078

14,719

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2018 and

30th April 2017:

30.4.18

30.4.17

£

£

Mr T C Dallmeyer

Balance outstanding at start of year

3,279

5,204

Amounts advanced

10,752

13,075

Amounts repaid

(11,000

)

(15,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,031

3,279

The loan outstanding at 30th April 2018 was repaid on 15th January 2019 by dividends paid..

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,000 (2017 - £15,000) were paid to the director .

The company paid rent to related parties amounting to £6000

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2018 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Taylor McIntyre Limited

15 East Cromwell Street

Edinburgh

Midlothian

EH6 6HD

15th January 2019