Deep Fathom Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10287475 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2021 to 31 December 2022

for

Deep Fathom Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I M Rosam

Mr D K Marsh

Mr I D Mitchell

Mr D W Proctor-Bonbright

J A Rivett

REGISTERED OFFICE:

184 Shepherds Bush Road

London

W6 7NL

REGISTERED NUMBER:

10287475 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Tangible assets

4

-

57

CURRENT ASSETS

Debtors

5

9,891

7,607

Cash at bank

1,578

5,663

11,469

13,270

CREDITORS

Amounts falling due within one year

6

8,218

(4,056

)

NET CURRENT ASSETS

3,251

17,326

TOTAL ASSETS LESS CURRENT LIABILITIES

3,251

17,383

PROVISIONS FOR LIABILITIES

-

11

NET ASSETS

3,251

17,372

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

3,241

17,362

SHAREHOLDERS' FUNDS

3,251

17,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2023 and were signed on its behalf by:

J A Rivett - Director

1.	STATUTORY INFORMATION

Deep Fathom Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2021

and 31 December 2022

215

812

1,027

DEPRECIATION

At 1 August 2021

161

809

970

Charge for period

54

3

57

At 31 December 2022

215

812

1,027

NET BOOK VALUE

At 31 December 2022

-

-

-

At 31 July 2021

54

3

57

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

9,645

7,347

Other debtors

-

250

Directors' current accounts

-

10

VAT

246

-

9,891

7,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

6

-

Other loans

495

-

Trade creditors

3,524

206

Amounts owed to group undertakings

1,640

-

Tax

-

(6,850

)

Social security and other taxes

143

157

VAT

-

531

Directors' current accounts

495

-

Accrued expenses

1,915

1,900

8,218

(4,056

)

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

10

Ordinary £1

£1

10

10