REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 29 November 2021 to 27 November 2022 |
for |
DEEP BLUE SKY DIGITAL LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
Chartered Accountants |
11 Laura Place |
Bath |
BA2 4BL |
DEEP BLUE SKY DIGITAL LIMITED (REGISTERED NUMBER: 06770819) |
Balance Sheet |
27 November 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Office equipment | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Office | and | Computer |
equipment | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 29 November 2021 |
Additions |
At 27 November 2022 |
DEPRECIATION |
At 29 November 2021 |
Charge for period |
At 27 November 2022 |
NET BOOK VALUE |
At 27 November 2022 |
At 28 November 2021 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
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 |
Accelerated capital allowances | 102 |
Balance at 27 November 2022 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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. |