Octophin Digital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10007383 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

OCTOPHIN DIGITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Hnizdo

REGISTERED OFFICE:

27 Dingeley Place

London

EC1V 8BR

REGISTERED NUMBER:

10007383 (England and Wales)

ACCOUNTANTS:

Christopher & Co

Chartered Accountants

51a Anson Road

Tufnell Park

London

N7 0AR

FIXED ASSETS

Tangible assets

4

3,556

305

CURRENT ASSETS

Debtors

5

21,756

2,594

Cash at bank

30,772

19,319

52,528

21,913

CREDITORS

Amounts falling due within one year

6

22,126

13,187

NET CURRENT ASSETS

30,402

8,726

TOTAL ASSETS LESS CURRENT LIABILITIES

33,958

9,031

PROVISIONS FOR LIABILITIES

7

676

58

NET ASSETS

33,282

8,973

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

33,232

8,923

SHAREHOLDERS' FUNDS

33,282

8,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 30 November 2019 and were signed by:

F Hnizdo - Director

1.	STATUTORY INFORMATION

Octophin Digital 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 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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

542

Additions

4,436

At 28 February 2019

4,978

DEPRECIATION

At 1 March 2018

237

Charge for year

1,185

At 28 February 2019

1,422

NET BOOK VALUE

At 28 February 2019

3,556

At 28 February 2018

305

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

21,756

2,544

Other debtors

-

50

21,756

2,594

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

15

313

Taxation and social security

19,012

11,150

Other creditors

3,099

1,724

22,126

13,187

7.	PROVISIONS FOR LIABILITIES

28.2.19

28.2.18

£

£

Deferred tax

Accelerated capital allowances

676

58

Deferred

tax

£

Balance at 1 March 2018

58

Provided during year

618

Balance at 28 February 2019

676