Registered number
08058815
Deeper Ltd
Unaudited Filleted Accounts
31 May 2023
Deeper Ltd
Registered number: 08058815
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 900 133
Creditors: amounts falling due within one year 4 (903) (1,555)
Net Current Assets (3) (1,422)
Total assets less current liabilities (3) (1,422)
Creditors: amounts falling due after more than one year 5 - (1,302)
Net Assets (3) (2,724)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4) (2,725)
Shareholder's funds (3) (2,724)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H R S Bateman
Director
Approved by the board on 28 November 2023
Deeper Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment at 33.3% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Going Concern
The director has agreed to continue to provide financial support to the company to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements and therefore the accounts have been prepared on a going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures & Equipment
£
Cost
At 1 June 2022 7,034
At 31 May 2023 7,034
Depreciation
At 1 June 2022 7,034
At 31 May 2023 7,034
Net book value
At 31 May 2023 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Director's loan - 500
Bank loans and overdrafts - 398
Taxation and social security costs 471 98
Accruals 432 432
Other creditors - 127
903 1,555
Included within bank loans is a COVID bounce back loan of £Nil (2022: £398), 100% guaranteed
by the government.
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 1,302
Included within bank loans is a COVID bounce back loan of £Nil (2022: £1,302), 100% guaranteed
by the government.
6 Other information
Deeper Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Cecile Park
Crouch End
London
England
N8 9AX
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