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REGISTERED NUMBER: 10395669 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DEEP LOGISTICS LIMITED

DEEP LOGISTICS LIMITED (REGISTERED NUMBER: 10395669)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DEEP LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: B H Yu





REGISTERED OFFICE: Unit 5-7
Seven Stars Industrial Estate
Wheler Road
Coventry
CV3 4LB





REGISTERED NUMBER: 10395669 (England and Wales)





AUDITORS: Galloways Accounting
Statutory Auditor
15 West Street
Brighton
East Sussex
BN1 2RL

DEEP LOGISTICS LIMITED (REGISTERED NUMBER: 10395669)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 52,830 500

CURRENT ASSETS
Debtors 5 64,134 88,187
Cash at bank 733,611 671,929
797,745 760,116
CREDITORS
Amounts falling due within one year 6 (137,387 ) (216,502 )
NET CURRENT ASSETS 660,358 543,614
TOTAL ASSETS LESS CURRENT LIABILITIES 713,188 544,114

CREDITORS
Amounts falling due after more than one year 7 (48,284 ) (7,125 )

PROVISIONS FOR LIABILITIES (13,208 ) (95 )
NET ASSETS 651,696 536,894

CAPITAL AND RESERVES
Called up share capital 8 97 97
Capital redemption reserve 9 3 3
Retained earnings 9 651,596 536,794
SHAREHOLDERS' FUNDS 651,696 536,894

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 26 June 2025 and were signed by:





B H Yu - Director


DEEP LOGISTICS LIMITED (REGISTERED NUMBER: 10395669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Deep Logistics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
When preparing the accounts, the directors have made an assessment of the ability of the entity to exist as a going concern for a period of at least 12 months from the date upon which these accounts are filed. A company is a going concern unless management either intends to liquidate the entity or cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management have taken into account all available information about the future, which includes future expected cash flows,financing requirements (and the expectation of obtaining these) and future trading performance.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover comprises amounts receivable, net of VAT and sales discounts, for the delivery of goods on behalf of other companies, including those within the in the group.

Turnover is recognised in these accounts at the point at which the goods arrive at the airport warehouse as this is the point at which the sale cannot be cancelled and therefore the company is certain that it will receive income for the delivery.

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
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently carried at fair value, with adjustments through the profit or loss.

Taxation
Taxation for the year comprises of current 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 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.


DEEP LOGISTICS LIMITED (REGISTERED NUMBER: 10395669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 - - 1,789 1,789
Additions 166 61,705 - 61,871
At 30 September 2024 166 61,705 1,789 63,660
DEPRECIATION
At 1 October 2023 - - 1,289 1,289
Charge for year 35 9,256 250 9,541
At 30 September 2024 35 9,256 1,539 10,830
NET BOOK VALUE
At 30 September 2024 131 52,449 250 52,830
At 30 September 2023 - - 500 500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,154 70,437
Amounts owed by group undertakings 12,291 -
Other debtors 97 97
Director's current account 5,583 -
VAT 12,008 17,117
Prepayments and accrued income 1,001 536
64,134 88,187

DEEP LOGISTICS LIMITED (REGISTERED NUMBER: 10395669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,026 -
Trade creditors 3,273 23,279
Amounts owed to group undertakings 69,698 109,903
Corporation tax 25,568 53,607
Social security and other taxes 2,623 2,492
Other creditors 379 7,084
Director's current account - 8,426
Accruals and deferred income 29,820 11,711
137,387 216,502

Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 41,159 -
Other creditors 7,125 7,125
48,284 7,125

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,700 Ordinary £0.01 97 97

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2023 536,794 3 536,797
Profit for the year 114,802 - 114,802
At 30 September 2024 651,596 3 651,599

The capital redemption reserve represents shares purchased by the company from its distributable profits.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Crowter BSc. FCA (Senior Statutory Auditor)
for and on behalf of Galloways Accounting

DEEP LOGISTICS LIMITED (REGISTERED NUMBER: 10395669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Sales Sales Purchases Purchases
2024 2023 2024 2023
£    £    £    £   
Individuals with control, joint control or
significant influence over the company
- - 238 10,833
Other related parties 229,157 91,798 55,577 75,908

The following amounts were outstanding at the reporting end date:

2024 2023
Amounts due to/(from) related parties £    £   
Individuals with control, joint control or significant influence over the company (5,583 ) 8,426
Other related parties (12,291 ) 93,337

12. ULTIMATE CONTROLLING PARTY

The parent and immediate controlling party of the entity is CH Investment Holding Limited, a company incorporated in England and Wales. As at the balance sheet date there was no ultimate controlling party of CH Investment Limited. CH Investment Limited will prepare consolidated accounts.

The smallest and largest company in which the results of the company are consolidated is CH Investment Limited. Copies of the group accounts can be obtained from the registered address.