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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
Page
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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
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Deep North Group Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,018 
15,492 
Current assets
Inventories
1,750 
1,750 
Debtors
18,155 
5,568 
Cash at bank and in hand
3,610 
15,131 
23,515 
22,449 
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)
Capital and reserves
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
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Deep North Group Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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:
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 
Additions
53,300 
- 
53,300 
At 30 April 2024
71,242 
266 
71,508 
Depreciation
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 
Net book value
At 30 April 2024
52,855 
163 
53,018 
At 30 April 2023
15,276 
216 
15,492 
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Deep North Group Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,926 
Trade debtors
18,155 
1,642 
18,155 
5,568 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,373 
- 
VAT
28,041 
- 
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 
72,523 
44,458 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
84,528 
- 
8
Average number of employees
During the year the average number of employees was 30 (2023: 20).
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