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
DEEPEARTH DIGITAL LTD
Company Information
for the year ended 31 December 2023
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
DEEPEARTH DIGITAL LTD
Statement of financial position
as at 31 December 2023
Tangible assets
7,900
9,302
Cash at bank and in hand
9,085
12,325
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)
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
DEEPEARTH DIGITAL LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
58,376
8,680
67,056
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
At 31 December 2023
4,428
3,472
7,900
At 31 December 2022
4,094
5,208
9,302
DEEPEARTH DIGITAL LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
701
730
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,920
1,980
Obligations under finance leases and hire purchase contracts
-
891
Taxes and social security
2,625
5,075
Loans from directors
-
2,873
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).