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DEPTH COLLECTIVE LIMITED

Registered Number
14184842
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

DEPTH COLLECTIVE LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

DEMPSTER, Jonathan Anthony

Registered Address

Parkhill Studio
Walton Road
Wetherby
LS22 5DZ

Registered Number

14184842 (England and Wales)
DEPTH COLLECTIVE LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors33,814-
Cash at bank and on hand10,7229,017
14,5369,017
Creditors amounts falling due within one year4(14,055)(8,247)
Net current assets (liabilities)481770
Total assets less current liabilities481770
Net assets481770
Capital and reserves
Called up share capital11
Profit and loss account480769
Shareholders' funds481770
The financial statements were approved and authorised for issue by the Director on 3 March 2025, and are signed on its behalf by:
DEMPSTER, Jonathan Anthony
Director
Registered Company No. 14184842
DEPTH COLLECTIVE LIMITED
Notes to the Financial Statements
for the year ended 30 June 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The director has reviewed the financial position of the company and they are of the consideration that the company will continue trading as a going concern.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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.
2.Average number of employees

20242023
Average number of employees during the year11
3.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income3,814-
Total3,814-
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables379667
Bank borrowings and overdrafts3-
Taxation and social security5,8145,124
Other creditors7,5592,456
Accrued liabilities and deferred income300-
Total14,0558,247
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
DEMPSTER, Jonathan Anthony(2,456)33,66938,771(7,558)
(2,456)33,66938,771(7,558)