REGISTERED NUMBER: 07537462 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

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

33,407

26,501

CURRENT ASSETS

Stocks

15,000

74,500

Debtors

5

194,089

185,646

Cash at bank

210,735

198,983

419,824

459,129

CREDITORS

Amounts falling due within one year

6

344,975

388,288

NET CURRENT ASSETS

74,849

70,841

TOTAL ASSETS LESS CURRENT LIABILITIES

108,256

97,342

CREDITORS

Amounts falling due after more than one year

7

9,063

1,667

NET ASSETS

99,193

95,675

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

99,191

95,673

SHAREHOLDERS' FUNDS

99,193

95,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 30 July 2026 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 5 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

6,033

3,899

51,866

28,087

89,885

Additions

21,379

292

-

2,679

24,350

At 31 March 2026

27,412

4,191

51,866

30,766

114,235

DEPRECIATION

At 1 April 2025

5,776

1,074

34,016

22,518

63,384

Charge for year

5,409

1,048

8,925

2,062

17,444

At 31 March 2026

11,185

2,122

42,941

24,580

80,828

NET BOOK VALUE

At 31 March 2026

16,227

2,069

8,925

6,186

33,407

At 31 March 2025

257

2,825

17,850

5,569

26,501

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

91,328

81,670

Other debtors

102,761

103,966

Tax

-

10

194,089

185,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

1,667

10,000

Hire purchase contracts

3,750

-

Trade creditors

27,752

19,194

Warranty prov

27,805

15,535

Tax

17,281

-

Social security and other taxes

4,475

3,564

Pension

894

649

VAT

43,838

40,645

Other creditors

27,824

18,824

Directors' current accounts

12,619

142

Accrued expenses

177,070

279,735

344,975

388,288

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 2-5 years

-

1,667

Hire purchase contracts

9,063

-

9,063

1,667