Company Registration No. 05312302 (England and Wales)
OCTOPUS CREATIVE DESIGN LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
OCTOPUS CREATIVE DESIGN LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
OCTOPUS CREATIVE DESIGN LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,407
1,877
Current assets
Debtors
4,636
2,743
Cash at bank and in hand
35,612
37,958
40,248
40,701
Creditors: amounts falling due within one year
(23,631)
(27,124)
Net current assets
16,617
13,577
Total assets less current liabilities
18,024
15,454
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
18,022
15,452
Shareholder's funds
18,024
15,454
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 24 July 2015
Mr M W Price
Director
Company Registration No. 05312302
OCTOPUS CREATIVE DESIGN LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
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.
1.4
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:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
10,809
Depreciation
At 1 January 2014
8,932
Charge for the year
470
At 31 December 2014
9,402
Net book value
At 31 December 2014
1,407
At 31 December 2013
1,877
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary of £2 each
2
2