Deepsale Limited - Period Ending 2020-05-31

Deepsale Limited

Profit and Loss Account for the Year Ended 31 May 2020

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Deepsale Limited

(Registration number: 03157280)
Balance Sheet as at 31 May 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	113,932	113,932
Creditors: Amounts falling due within one year	5	(235)	(235)
Total assets less current liabilities		113,697	113,697
Creditors: Amounts falling due after more than one year	5	(114,000)	(114,000)
Net liabilities		(303)	(303)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(403)	(403)
Shareholders' deficit		(303)	(303)

For the financial year ending 31 May 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 28 May 2021
 

.........................................

D H Griffin

Director

Deepsale Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

These financial statements were authorised for issue by the director on 28 May 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

The Director is of the opinion that the Company will not trade at a loss in future years and as no adjustment to the Financial Statements would be required to show the Financial Statements on a break up basis the Director considers the preparation of the Financial Statements on a going concern basis to be appropriate.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 2 (2019 - 2).

Deepsale Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2020

4

Debtors

	2020 £	2019 £
Other debtors	113,932	113,932
Less non-current portion	(113,932)	(113,932)
Total current trade and other debtors	-	-

5

Creditors

	Note	2020 £	2019 £
Due within one year
Other creditors		235	235
Due after one year
Loans and borrowings	6	114,000	114,000

6	Loans and borrowings

	2020 £	2019 £
Non-current loans and borrowings
Other borrowings	114,000	114,000