Octopus Communications Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03566657 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Octopus Communications Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Smith

REGISTERED OFFICE:

Thorncroft Manor

Thorncroft Drive

Box Hill

Surry

KT22 8JB

REGISTERED NUMBER:

03566657 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Tangible assets

2

1,692

3,608

CURRENT ASSETS

Debtors

13,175

4,568

Cash at bank

25,334

7,865

38,509

12,433

CREDITORS

Amounts falling due within one year

16,051

13,650

NET CURRENT ASSETS/(LIABILITIES)

22,458

(1,217

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,150

2,391

PROVISIONS FOR LIABILITIES

-

36

NET ASSETS

24,150

2,355

CAPITAL AND RESERVES

Called up share capital

3

109

109

Profit and loss account

24,041

2,246

SHAREHOLDERS' FUNDS

24,150

2,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 September 2015 and were signed by:

P Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date where transactions or events have occured at the date that will result in an obligation to

pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed

assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the

extent that, at the balance sheet date, there is binding agreement to dispose of the assets concerned.

However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is

more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only

where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which the timing differences reverse, based on the tax rates and laws enacted or substantively enacted at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

27,094

Additions

386

At 31 December 2014

27,480

DEPRECIATION

At 1 January 2014

23,486

Charge for year

2,302

At 31 December 2014

25,788

NET BOOK VALUE

At 31 December 2014

1,692

At 31 December 2013

3,608

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

66

Ordinary shares

£1

66

66

33

Ordinary Class A shares

£1

33

33

10

Ordinary Class B shares

£1

10

10

109

109

4.	TRANSACTIONS WITH THE DIRECTORS

At the year end the director was owed £3,431 by the company (2013: £5,957). The loan is unsecured and

interest free.