IRIS Accounts Production v23.3.1.45 13235234 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132352342022-03-31132352342023-03-31132352342022-04-012023-03-31132352342021-02-28132352342021-03-012022-03-31132352342022-03-3113235234ns10:Originalns15:EnglandWales2022-04-012023-03-3113235234ns14:PoundSterlingns10:Original2022-04-012023-03-3113235234ns10:Originalns10:Director12022-04-012023-03-3113235234ns10:Original2022-04-012023-03-3113235234ns10:Original2023-03-3113235234ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3113235234ns10:Originalns10:SmallEntities2022-04-012023-03-3113235234ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3113235234ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3113235234ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3113235234ns10:Originalns10:FullAccounts2022-04-012023-03-3113235234ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3113235234ns10:Originalns10:Director32022-04-012023-03-3113235234ns10:Originalns10:RegisteredOffice2022-04-012023-03-3113235234ns10:Original2022-03-3113235234ns10:Originalns5:CurrentFinancialInstruments2023-03-3113235234ns10:Originalns5:CurrentFinancialInstruments2022-03-3113235234ns5:ShareCapitalns10:Original2023-03-3113235234ns5:ShareCapitalns10:Original2022-03-3113235234ns10:Originalns5:SharePremium2023-03-3113235234ns10:Originalns5:SharePremium2022-03-3113235234ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3113235234ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3113235234ns10:Originalns5:ComputerEquipment2022-04-012023-03-3113235234ns10:Original2021-03-012022-03-3113235234ns10:Originalns5:ComputerEquipment2022-03-3113235234ns10:Originalns5:ComputerEquipment2023-03-3113235234ns10:Originalns5:ComputerEquipment2022-03-3113235234ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113235234ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3113235234ns10:Originalns10:OrdinaryShareClass12023-03-3113235234ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3113235234ns10:Originalns5:SharePremium2022-03-3113235234ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 13235234 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Deepself Limited

Deepself Limited (Registered number: 13235234)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Deepself Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M R Watson





REGISTERED OFFICE: C/O Pkf Littlejohn
15 Westferry Circus
Canary Wharf
London
E14 4HD





REGISTERED NUMBER: 13235234 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Deepself Limited (Registered number: 13235234)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,055 41,017

CURRENT ASSETS
Debtors 5 26,434 34,737
Cash at bank 438,045 962,981
464,479 997,718
CREDITORS
Amounts falling due within one year 6 (109,314 ) (106,814 )
NET CURRENT ASSETS 355,165 890,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,220

931,921

CAPITAL AND RESERVES
Called up share capital 7 10,147 14,497
Share premium 8 2,612,338 2,616,688
Retained earnings 8 (2,245,265 ) (1,699,264 )
SHAREHOLDERS' FUNDS 377,220 931,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Deepself Limited (Registered number: 13235234)

Statement of Financial Position - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2024 and were signed by:





N J Pike - Director


Deepself Limited (Registered number: 13235234)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Deepself Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Deepself Limited (Registered number: 13235234)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 61,526
Additions 1,041
Disposals (20,495 )
At 31 March 2023 42,072
DEPRECIATION
At 1 April 2022 20,509
Charge for year 4,851
Eliminated on disposal (5,343 )
At 31 March 2023 20,017
NET BOOK VALUE
At 31 March 2023 22,055
At 31 March 2022 41,017

Deepself Limited (Registered number: 13235234)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 16,354 11,196
Called up share capital not paid - 7
Prepayments 10,080 12,284
Rent Deposit - 11,250
26,434 34,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 91,512 20,363
Net Wages - 12,982
Social security and other taxes 4,181 47,834
Pension Payable 257 3,339
Other creditor 5,864 313
Directors' current accounts - 98
Accrued expenses 7,500 21,885
109,314 106,814

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
14,497 Ordinary £1 10,147 14,497

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 (1,699,264 ) 2,616,688 917,424
Deficit for the year (546,001 ) (546,001 )
Purchase of own shares - (4,350 ) (4,350 )
At 31 March 2023 (2,245,265 ) 2,612,338 367,073

9. SHARE CAPITAL

The special resolution was agreed by the members on 27/06/2022 to buy back 4,350 ordinary shares at the nominal value of £1 and at the premium value of £1 per share.