The Data Octopus Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08299214 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

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

Tangible assets

3

3,236

3,064

3,236

1,803,064

CURRENT ASSETS

Debtors

236,310

323,008

Cash at bank

56,905

45,484

293,215

368,492

CREDITORS

Amounts falling due within one year

101,406

436,033

NET CURRENT ASSETS/(LIABILITIES)

191,809

(67,541

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

195,045

1,735,523

CREDITORS

Amounts falling due after more than
one year

-

1,762,558

NET ASSETS/(LIABILITIES)

195,045

(27,035

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

194,945

(27,135

)

SHAREHOLDERS' FUNDS

195,045

(27,035

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 20 May 2016 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 January 2015).

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 2015

and 31 March 2016

2,000,000

AMORTISATION

At 1 April 2015

200,000

Impairments

1,800,000

At 31 March 2016

2,000,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

1,800,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

7,350

Additions

3,285

At 31 March 2016

10,635

DEPRECIATION

At 1 April 2015

4,286

Charge for year

3,113

At 31 March 2016

7,399

NET BOOK VALUE

At 31 March 2016

3,236

At 31 March 2015

3,064

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

5.	ULTIMATE PARENT COMPANY

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