Company Registration No. 14025547 (England and Wales)
Deep North Group Ltd
Unaudited accounts
for the year ended 30 April 2024
Deep North Group Ltd
Unaudited accounts
Contents
Deep North Group Ltd
Company Information
for the year ended 30 April 2024
Directors
Philip P King
Thomas P Clark
Company Number
14025547 (England and Wales)
Registered Office
4 Buttermere Avenue
Whickham
Newcastle Upon Tyne
NE16 4EX
United Kingdom
Accountants
Abacus Jack Ltd
New Century House
Crowther Road
Washington
Tyne and Wear
NE38 0QA
Deep North Group Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
53,018
15,492
Cash at bank and in hand
3,610
15,131
Creditors: amounts falling due within one year
(72,523)
(44,458)
Net current liabilities
(49,008)
(22,009)
Total assets less current liabilities
4,010
(6,517)
Creditors: amounts falling due after more than one year
(84,528)
-
Net liabilities
(80,518)
(6,517)
Called up share capital
2
2
Profit and loss account
(80,520)
(6,519)
Shareholders' funds
(80,518)
(6,517)
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Philip P King
Director
Company Registration No. 14025547
Deep North Group Ltd
Notes to the Accounts
for the year ended 30 April 2024
Deep North Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 14025547. The registered office is 4 Buttermere Avenue, Whickham, Newcastle Upon Tyne, NE16 4EX, United Kingdom.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
17,942
266
18,208
At 30 April 2024
71,242
266
71,508
At 1 May 2023
2,666
50
2,716
Charge for the year
15,721
53
15,774
At 30 April 2024
18,387
103
18,490
At 30 April 2024
52,855
163
53,018
At 30 April 2023
15,276
216
15,492
Deep North Group Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
18,155
1,642
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,373
-
Trade creditors
13,139
9,372
Taxes and social security
14,066
749
Other creditors
1,466
11,451
Loans from directors
(8,562)
22,886
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 30 (2023: 20).