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DEEPBLUE AQUATIC LIMITED

Registered Number
07007736
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

DEEPBLUE AQUATIC LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

FOSSEY, John
NEVISON, Nicholas

Registered Address

3 Duke Street
Bedford
MK40 3HR

Registered Number

07007736 (England and Wales)
DEEPBLUE AQUATIC LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets310,71413,312
10,71413,312
Current assets
Debtors462,24663,678
Cash at bank and on hand5,66122,410
67,90786,088
Creditors amounts falling due within one year5(98,321)(103,326)
Net current assets (liabilities)(30,414)(17,238)
Total assets less current liabilities(19,700)(3,926)
Creditors amounts falling due after one year6(40,310)(42,225)
Net assets(60,010)(46,151)
Capital and reserves
Called up share capital101101
Profit and loss account(60,111)(46,252)
Shareholders' funds(60,010)(46,151)
The financial statements were approved and authorised for issue by the Board of Directors on 20 January 2025, and are signed on its behalf by:
FOSSEY, John
Director
NEVISON, Nicholas
Director

Registered Company No. 07007736
DEEPBLUE AQUATIC LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings15
Vehicles25
Office Equipment15
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year05
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 March 2320,08756,3082,54278,937
Additions--141141
At 29 February 2420,08756,3082,68379,078
Depreciation and impairment
At 01 March 2312,67251,1041,84965,625
Charge for year1,8547811042,739
At 29 February 2414,52651,8851,95368,364
Net book value
At 29 February 245,5614,42373010,714
At 28 February 237,4155,20469313,312
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables42,00047,280
Other debtors20,24616,398
Total62,24663,678
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables28328,151
Bank borrowings and overdrafts57,11032,504
Taxation and social security38,16036,903
Finance lease and HP contracts-2,963
Accrued liabilities and deferred income2,7682,805
Total98,321103,326
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts40,31042,225
Total40,31042,225