OCTOPLUMB_LIMITED - Accounts

OCTOPLUMB LIMITED - Company Information

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Company Registration No. 04686173 (England and Wales)

OCTOPLUMB LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

OCTOPLUMB LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

OCTOPLUMB LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OCTOPLUMB LIMITED FOR THE YEAR ENDED 31 MARCH 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Octoplumb Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Octoplumb Limited, as a body, in accordance with the terms of our engagement letter dated 23 April 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Octoplumb Limited and state those matters that we have agreed to state to the Board of Directors of Octoplumb Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Octoplumb Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Octoplumb Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Octoplumb Limited. You consider that Octoplumb Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Octoplumb Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Clear & Lane Limited

Chartered Accountants

340 Melton Road

Leicester

LE4 7SL

14 December 2015

OCTOPLUMB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 2 -

2015

2014

Notes

Fixed assets

Intangible assets

7,900

Tangible assets

17,999

23,525

25,899

31,425

Current assets

Stocks

463

Debtors

10,195

19,686

Cash at bank and in hand

60,465

86,973

71,123

107,122

Creditors: amounts falling due within one year

(64,583)

(102,358)

Net current assets

6,540

4,764

Total assets less current liabilities

32,439

36,189

Creditors: amounts falling due after more than one year

(11,195)

(14,529)

Provisions for liabilities

(3,115)

(4,100)

18,129

17,560

Capital and reserves

Called up share capital

100

Profit and loss account

18,029

17,460

Shareholders' funds

18,129

17,560

OCTOPLUMB LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 3 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 December 2015

Mr W Yewbrey

Director

Company Registration No. 04686173

OCTOPLUMB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised as work is undertaken.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and equipment

15% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014 & at 31 March 2015

7,900

48,830

56,730

Depreciation

At 1 April 2014

25,305

Charge for the year

5,526

At 31 March 2015

30,831

Net book value

At 31 March 2015

7,900

17,999

25,899

At 31 March 2014

7,900

23,525

31,425

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £3,334 (2014 - £3,334).

OCTOPLUMB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 5 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £11,195 (2014 - £14,529).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100