The Data Octopus Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08299214 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

The Data Octopus Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Norton

M Winniczuk

REGISTERED OFFICE:

The Glades

Festival Way

Stoke on Trent

Staffordshire

ST1 5SQ

REGISTERED NUMBER:

08299214 (England and Wales)

FIXED ASSETS

Intangible assets

2

1,800,000

1,900,000

Tangible assets

3

3,064

4,488

1,803,064

1,904,488

CURRENT ASSETS

Debtors

323,008

270,775

Cash at bank

45,484

133,416

368,492

404,191

CREDITORS

Amounts falling due within one year

436,033

423,092

NET CURRENT LIABILITIES

(67,541

)

(18,901

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,735,523

1,885,587

CREDITORS

Amounts falling due after more than one year

1,762,558

1,807,558

NET (LIABILITIES)/ASSETS

(27,035

)

78,029

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(27,135

)

77,929

SHAREHOLDERS' FUNDS

(27,035

)

78,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 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 Board of Directors on 10 August 2015 and were signed on its behalf by:

K Norton - Director

M Winniczuk - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided under contracts, to the extent that there is a right to consideration,

and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date

based on a proportion of the total contract value. Where payments are received from customers in

advance of services provided, the amounts are recorded as Deferred Income and included as part of

Creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

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

Computer equipment

-

33.33% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

2,000,000

AMORTISATION

At 1 April 2014

100,000

Amortisation for year

100,000

At 31 March 2015

200,000

NET BOOK VALUE

At 31 March 2015

1,800,000

At 31 March 2014

1,900,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

6,484

Additions

866

At 31 March 2015

7,350

DEPRECIATION

At 1 April 2014

1,996

Charge for year

2,290

At 31 March 2015

4,286

NET BOOK VALUE

At 31 March 2015

3,064

At 31 March 2014

4,488

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE PARENT COMPANY

TBO Holdings Limited is regarded by the directors as being the company's ultimate parent company.