Dancing Octopus Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03942254 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

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

1,086

1,398

Tangible assets

5

305,426

305,431

306,512

306,829

CURRENT ASSETS

Debtors

6

82,147

58,797

Cash at bank

118,807

78,088

200,954

136,885

CREDITORS

Amounts falling due within one year

7

17,898

15,263

NET CURRENT ASSETS

183,056

121,622

TOTAL ASSETS LESS CURRENT LIABILITIES

489,568

428,451

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

489,567

428,450

SHAREHOLDERS' FUNDS

489,568

428,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 15 September 2023 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 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Domain

names

£

COST

At 1 April 2022

58,227

Additions

2,172

At 31 March 2023

60,399

AMORTISATION

At 1 April 2022

56,829

Amortisation for year

2,484

At 31 March 2023

59,313

NET BOOK VALUE

At 31 March 2023

1,086

At 31 March 2022

1,398

5.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

305,412

1,448

306,860

DEPRECIATION

At 1 April 2022

-

1,429

1,429

Charge for year

-

5

5

At 31 March 2023

-

1,434

1,434

NET BOOK VALUE

At 31 March 2023

305,412

14

305,426

At 31 March 2022

305,412

19

305,431

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

82,147

58,797

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

2,541

481

Taxation and social security

14,337

13,762

Other creditors

1,020

1,020

17,898

15,263

8.	ULTIMATE CONTROLLING PARTY