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REGISTERED NUMBER: 04048203 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Deep C (UK) Ltd

Deep C (UK) Ltd (Registered number: 04048203)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deep C (UK) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S J Kreitem





SECRETARY: Mrs J C Kreitem





REGISTERED OFFICE: 27 Tarves Way
London
London
SE10 9JU





REGISTERED NUMBER: 04048203 (England and Wales)





ACCOUNTANTS: Mansfield & Co Chartered Accountants
55 Kentish Town Road
Camden Town
London
NW1 8NX

Deep C (UK) Ltd (Registered number: 04048203)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 123,062 125,318
123,062 125,318

CURRENT ASSETS
Debtors 6 113,879 84,064
Prepayments and accrued income 300,000 225,000
Cash at bank and in hand 491,027 583,971
904,906 893,035
CREDITORS
Amounts falling due within one year 7 706,951 690,002
NET CURRENT ASSETS 197,955 203,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,017

328,351

CREDITORS
Amounts falling due after more than one year 8 11,652 21,652
NET ASSETS 309,365 306,699

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 309,265 306,599
SHAREHOLDERS' FUNDS 309,365 306,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Deep C (UK) Ltd (Registered number: 04048203)

Balance Sheet - continued
31 March 2024


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 30 September 2024 and were signed by:





S J Kreitem - Director


Deep C (UK) Ltd (Registered number: 04048203)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Deep C (UK) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Deep C (UK) Ltd (Registered number: 04048203)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 108,908 237,309 346,217
Additions - 2,463 2,463
At 31 March 2024 108,908 239,772 348,680
DEPRECIATION
At 1 April 2023 - 220,899 220,899
Charge for year - 4,719 4,719
At 31 March 2024 - 225,618 225,618
NET BOOK VALUE
At 31 March 2024 108,908 14,154 123,062
At 31 March 2023 108,908 16,410 125,318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 22,501 -
Other debtors 91,378 84,064
113,879 84,064

Deep C (UK) Ltd (Registered number: 04048203)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,021 10,015
Trade creditors 2,822 2,937
Taxation and social security 138,713 138,192
Other creditors 555,395 538,858
706,951 690,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,652 21,652

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S J Kreitem
Balance outstanding at start of year (116,398 ) (144,891 )
Amounts advanced 112,197 92,589
Amounts repaid (64,096 ) (64,096 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (68,297 ) (116,398 )