Octopos Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05741642 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

OCTOPOS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J M Cudworth

REGISTERED OFFICE:

Rodney House

Clifton Down Road

Clifton

Bristol

BS8 4AL

REGISTERED NUMBER:

05741642 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Stanley House

33-35 West Hill

Portishead

Bristol

BS20 6LG

FIXED ASSETS

Tangible assets

2

9,724

2,789

CURRENT ASSETS

Debtors

246,587

201,924

Cash at bank

409,977

219,519

656,564

421,443

CREDITORS

Amounts falling due within one year

332,481

228,166

NET CURRENT ASSETS

324,083

193,277

TOTAL ASSETS LESS CURRENT LIABILITIES

333,807

196,066

PROVISIONS FOR LIABILITIES

2,027

464

NET ASSETS

331,780

195,602

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

331,680

195,502

SHAREHOLDERS' FUNDS

331,780

195,602

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 and authorised for issue by the director on 16 May 2015 and were signed by:

J M Cudworth - 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

-

25% 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 occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax.

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

7,969

Additions

10,958

At 31 August 2014

18,927

DEPRECIATION

At 1 September 2013

5,180

Charge for year

4,023

At 31 August 2014

9,203

NET BOOK VALUE

At 31 August 2014

9,724

At 31 August 2013

2,789

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2014 and

31 August 2013:

2014

2013

£

£

J M Cudworth

Balance outstanding at start of year

68,012

-

Amounts advanced

159,339

68,012

Amounts repaid

(217,458

)

-

Balance outstanding at end of year

9,893

68,012