Dancing Octopus Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03942254 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Dancing Octopus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J N Adams

J A Adams

Mrs H R Adams

SECRETARY:

J N Adams

REGISTERED OFFICE:

4 Westover Drive

Stone

Staffordshire

ST15 8TT

REGISTERED NUMBER:

03942254 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Intangible assets

4

2,789

2,239

Tangible assets

5

305,445

212,956

308,234

215,195

CURRENT ASSETS

Debtors

6

50

58,700

Cash at bank

31,062

24,597

31,112

83,297

CREDITORS

Amounts falling due within one year

7

11,460

5,536

NET CURRENT ASSETS

19,652

77,761

TOTAL ASSETS LESS CURRENT LIABILITIES

327,886

292,956

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

327,885

292,955

SHAREHOLDERS' FUNDS

327,886

292,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 25 June 2020 and were signed on its behalf by:

J N Adams - Director

1.	STATUTORY INFORMATION

Dancing Octopus 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.

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.

Domain names are being amortised evenly over their estimated useful life of two years.

Intangible fixed assets

Amortisation is provided on Domains at a rate of 50% on cost.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Domain

names

£

COST

At 1 April 2019

48,633

Additions

5,578

At 31 March 2020

54,211

AMORTISATION

At 1 April 2019

46,394

Amortisation for year

5,028

At 31 March 2020

51,422

NET BOOK VALUE

At 31 March 2020

2,789

At 31 March 2019

2,239

5.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST

At 1 April 2019

212,912

1,448

214,360

Additions

92,500

-

92,500

At 31 March 2020

305,412

1,448

306,860

DEPRECIATION

At 1 April 2019

-

1,404

1,404

Charge for year

-

11

11

At 31 March 2020

-

1,415

1,415

NET BOOK VALUE

At 31 March 2020

305,412

33

305,445

At 31 March 2019

212,912

44

212,956

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

50

58,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

2,328

1,067

Taxation and social security

8,196

3,533

Other creditors

936

936

11,460

5,536

8.	ULTIMATE CONTROLLING PARTY