0 01/05/2023 30/04/2024 2024-04-30 false false false false false false true true false false true false false false false false true false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI046119 2023-05-01 2024-04-30 NI046119 2024-04-30 NI046119 2023-04-30 NI046119 2022-05-01 2023-04-30 NI046119 2023-04-30 NI046119 2022-04-30 NI046119 bus:Director1 2023-05-01 2024-04-30 NI046119 core:WithinOneYear 2024-04-30 NI046119 core:WithinOneYear 2023-04-30 NI046119 core:ShareCapital 2024-04-30 NI046119 core:ShareCapital 2023-04-30 NI046119 core:RetainedEarningsAccumulatedLosses 2024-04-30 NI046119 core:RetainedEarningsAccumulatedLosses 2023-04-30 NI046119 bus:SmallEntities 2023-05-01 2024-04-30 NI046119 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI046119 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI046119 bus:EntityNoLongerTradingButTradedInPast 2023-05-01 2024-04-30 NI046119 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI046119 bus:FullAccounts 2023-05-01 2024-04-30 NI046119 core:Associate1 2023-05-01 2024-04-30 NI046119 core:Associate1 2024-04-30 NI046119 core:Associate1 2023-04-30 NI046119 1 2023-05-01 2024-04-30
Company registration number: NI046119
Depot HQ Ltd
Unaudited filleted financial statements
30 April 2024
Depot HQ Ltd
Contents
Statement of financial position
Notes to the financial statements
Depot HQ Ltd
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Current assets
Cash at bank and in hand 134 134
_______ _______
134 134
Creditors: amounts falling due
within one year 4 ( 1,406) ( 1,406)
_______ _______
Net current liabilities ( 1,272) ( 1,272)
_______ _______
Total assets less current liabilities ( 1,272) ( 1,272)
_______ _______
Net liabilities ( 1,272) ( 1,272)
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account ( 1,282) ( 1,282)
_______ _______
Shareholders deficit ( 1,272) ( 1,272)
_______ _______
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 January 2025 , and are signed on behalf of the board by:
Mr Ryan Mitchell
Director
Company registration number: NI046119
Depot HQ Ltd
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit B1.10, Portview Business Centre, 310 Newtownards Road, Belfast, BT4 1HE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements have been prepared in accordance with the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.The directors have assessed that there are no material estimates and assumptions in applying the accounting policies.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 1,406 1,406
_______ _______
5. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Thought Collective Limited - - ( 1,406) ( 1,406)
_______ _______ _______ _______
The directors and shareholders are directors and shareholders in Thought Collective Limited, a company registered in Northern Ireland.
6. Controlling party
The company is under the control of the Directors by virtue of their shareholdings in the company.