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REGISTERED NUMBER: 06770819 (England and Wales)















Unaudited Financial Statements

for the Period 29 November 2021 to 27 November 2022

for

DEEP BLUE SKY DIGITAL LIMITED

DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819)






Contents of the Financial Statements
for the period 29 November 2021 to 27 November 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DEEP BLUE SKY DIGITAL LIMITED

Company Information
for the period 29 November 2021 to 27 November 2022







DIRECTOR: J E M Morrison





REGISTERED OFFICE: Piccadilly House
Piccadilly Place
London Road
Bath
BA1 6PL





REGISTERED NUMBER: 06770819 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Deep Blue Sky Digital Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Deep Blue Sky Digital Limited for the period ended 27 November 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Deep Blue Sky Digital Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deep Blue Sky Digital Limited and state those matters that we have agreed to state to the director of Deep Blue Sky Digital Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deep Blue Sky Digital Limited and its director for our work or for this report.

It is your duty to ensure that Deep Blue Sky Digital 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 Deep Blue Sky Digital Limited. You consider that Deep Blue Sky Digital Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Deep Blue Sky Digital 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


24 November 2023

DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819)

Balance Sheet
27 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,575 9,137

CURRENT ASSETS
Debtors 5 374,184 384,303
Cash at bank 2,186 5,418
376,370 389,721
CREDITORS
Amounts falling due within one year 6 109,024 159,679
NET CURRENT ASSETS 267,346 230,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,921

239,179

CREDITORS
Amounts falling due after more than one
year

7

(33,796

)

(39,090

)

PROVISIONS FOR LIABILITIES 8 (1,819 ) (1,717 )
NET ASSETS 241,306 198,372

CAPITAL AND RESERVES
Called up share capital 9 103 103
Retained earnings 241,203 198,269
SHAREHOLDERS' FUNDS 241,306 198,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 November 2022 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.

DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819)

Balance Sheet - continued
27 November 2022


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 24 November 2023 and were signed by:





J E M Morrison - Director


DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819)

Notes to the Financial Statements
for the period 29 November 2021 to 27 November 2022

1. STATUTORY INFORMATION

Deep Blue Sky Digital Limited 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 represents net invoiced sales of services, excluding value added tax. Turnover is recognised at the point the invoice is raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 40% on reducing balance
Fixtures and fittings - 30% on reducing balance
Computer equipment - 30% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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.


DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819)

Notes to the Financial Statements - continued
for the period 29 November 2021 to 27 November 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Pension costs and other post retirement benefits
The company operates a defined contribution pension scheme in respect of the directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 29 November 2021 66,119 9,903 4,950 80,972
Additions 6,375 - 3 6,378
At 27 November 2022 72,494 9,903 4,953 87,350
DEPRECIATION
At 29 November 2021 59,462 8,129 4,244 71,835
Charge for period 5,213 518 209 5,940
At 27 November 2022 64,675 8,647 4,453 77,775
NET BOOK VALUE
At 27 November 2022 7,819 1,256 500 9,575
At 28 November 2021 6,657 1,774 706 9,137

DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819)

Notes to the Financial Statements - continued
for the period 29 November 2021 to 27 November 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 30 4,111
Other debtors 374,154 380,192
374,184 384,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 35,533 13,428
Trade creditors 4,320 3,377
Taxation and social security 4,775 20,273
Other creditors 64,396 122,601
109,024 159,679

For the provision of the bank overdraft, HSBC holds a legal charge over all assets owned by the company.

Included within bank loans and overdrafts due in less than one year is a loan secured by HSBC and in part by the HM Government Guarantee.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 33,796 39,090

Included within bank loans and overdrafts due in more than one year is a loan secured by HSBC and in part by the HM Government Guarantee.

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 1,819 1,717

Deferred
tax
£   
Balance at 29 November 2021 1,717
Accelerated capital allowances 102
Balance at 27 November 2022 1,819

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
103 Ordinary £1 103 103

DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819)

Notes to the Financial Statements - continued
for the period 29 November 2021 to 27 November 2022

10. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.