REGISTERED NUMBER: 07537462 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Octopus Networks Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K A Watts

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh

Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

07537462 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

BANKERS:

National Westminster Bank PLC

PO Box 4115

Hornchurch

Essex

RM12 4DF

FIXED ASSETS

Tangible assets

4

26,501

34,016

CURRENT ASSETS

Stocks

74,500

271,370

Debtors

5

185,646

49,512

Cash at bank

198,983

298,582

459,129

619,464

CREDITORS

Amounts falling due within one year

6

388,288

467,814

NET CURRENT ASSETS

70,841

151,650

TOTAL ASSETS LESS CURRENT LIABILITIES

97,342

185,666

CREDITORS

Amounts falling due after more than one year

7

1,667

11,667

NET ASSETS

95,675

173,999

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

95,673

173,997

SHAREHOLDERS' FUNDS

95,675

173,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 December 2025 and were signed by:

Mr K A Watts - Director

1.	STATUTORY INFORMATION

Octopus Networks Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

6,033

398

51,866

27,262

85,559

Additions

-

3,501

-

825

4,326

At 31 March 2025

6,033

3,899

51,866

28,087

89,885

DEPRECIATION

At 1 April 2024

5,691

100

25,091

20,661

51,543

Charge for year

85

974

8,925

1,857

11,841

At 31 March 2025

5,776

1,074

34,016

22,518

63,384

NET BOOK VALUE

At 31 March 2025

257

2,825

17,850

5,569

26,501

At 31 March 2024

342

298

26,775

6,601

34,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

81,670

48,762

Other debtors

103,966

750

Tax

10

-

185,646

49,512

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

19,194

6,432

Warranty prov

15,535

20,293

Tax

-

39,168

Social security and other taxes

3,564

2,501

Pension

649

251

VAT

40,645

53,658

Other creditors

18,824

14,926

Directors' current accounts

142

5

Accrued expenses

279,735

320,580

388,288

467,814

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

1,667

11,667