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Company Registration No. 9340971 (England and Wales)
DEEPEARTH DIGITAL LTD Unaudited accounts for the year ended 31 December 2023
DEEPEARTH DIGITAL LTD Unaudited accounts Contents
Page
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DEEPEARTH DIGITAL LTD Company Information for the year ended 31 December 2023
Director
Simon Vacher
Company Number
9340971 (England and Wales)
Registered Office
C/O On Target Accounting 105 Chineway Gardens Ottery St Mary Devon EX11 1JJ
Accountants
On Target Accounting Ltd 105 Chineway Gardens Ottery St Mary Devon EX11 1JJ
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DEEPEARTH DIGITAL LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,900 
9,302 
Current assets
Debtors
12,121 
9,717 
Cash at bank and in hand
9,085 
12,325 
21,206 
22,042 
Creditors: amounts falling due within one year
(16,260)
(14,844)
Net current assets
4,946 
7,198 
Total assets less current liabilities
12,846 
16,500 
Creditors: amounts falling due after more than one year
(3,797)
(5,500)
Net assets
9,049 
11,000 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
9,039 
10,990 
Shareholders' funds
9,049 
11,000 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2024 and were signed on its behalf by
Simon Vacher Director Company Registration No. 9340971
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DEEPEARTH DIGITAL LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
DEEPEARTH DIGITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 9340971. The registered office is C/O On Target Accounting, 105 Chineway Gardens, Ottery St Mary, Devon, EX11 1JJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
55,299 
8,680 
63,979 
Additions
3,077 
- 
3,077 
At 31 December 2023
58,376 
8,680 
67,056 
Depreciation
At 1 January 2023
51,205 
3,472 
54,677 
Charge for the year
2,743 
1,736 
4,479 
At 31 December 2023
53,948 
5,208 
59,156 
Net book value
At 31 December 2023
4,428 
3,472 
7,900 
At 31 December 2022
4,094 
5,208 
9,302 
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DEEPEARTH DIGITAL LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,860 
8,358 
Accrued income and prepayments
701 
730 
Other debtors
9,560 
629 
12,121 
9,717 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,920 
1,980 
VAT
2,065 
2,361 
Obligations under finance leases and hire purchase contracts
- 
891 
Taxes and social security
2,625 
5,075 
Loans from directors
- 
2,873 
Accruals
9,650 
1,664 
16,260 
14,844 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,797 
5,500 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Simon Vacher
Interest-free loan
(2,873)
8,932 
(2,873)
8,932 
(2,873)
8,932 
(2,873)
8,932 
Included within other debtors is an amount owed by the director at the end of the year of £8,932 (2022 -£2,873). This loan is subject to a commercial rate of interest and was repaid in full shortly after the year end.
9
Post balance sheet events
The company was previously named Simon Vacher Films Ltd. The name was changed on 10/7/2024.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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