Deep Innovations Ltd Accounts






Deep Innovations Ltd

	Company No. 10950228
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was business software development.




Directors

The Directors who served at any time during the year were as follows:

A. Norton
A. Norton
S. Weitzman







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

S. Weitzman
Director
29 December 2025

at	31 December 2024
Company No.		10950228	Notes	2024	2023
				$	$
Fixed assets
	Intangible assets		4	65,267	74,067
	Tangible assets		5	22,547	-


				87,814	74,067
Current assets

	Debtors		6	107,888	119,461

	Cash at bank and in hand			5,156	39,626
				113,044	159,087
Creditors: Amount falling due within one year			7	(1,845,816)	(1,773,127)
Net current liabilities				(1,732,772)	(1,614,040)
Total assets less current liabilities				(1,644,958)	(1,539,973)
Creditors: Amounts falling due after more than one year			8	(26,181)	(29,107)



Net liabilities				(1,671,139)	(1,569,080)

Capital and reserves
	Called up share capital			135	135



	Profit and loss account		10	(1,671,274)	(1,569,215)

Total equity				(1,671,139)	(1,569,080)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 December 2025 and signed on its behalf by:
S. Weitzman
Director
29 December 2025

for the year ended 31 December 2024

General information

Deep Innovations Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 10950228

Its registered office is:

2nd Floor

201 Haverstock Hill

London

England

NW3 4QG

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

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25%% Straight line

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is US Dollar. The accounts are rounded to the nearest dollar.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Intangible fixed assets
			Other	Total
			$	$
		Cost
		At 1 January 2024	88,000	88,000


		At 31 December 2024	88,000	88,000
		Amortisation and impairment
		At 1 January 2024	13,933	13,933
		Charge for the year	8,800	8,800


		At 31 December 2024	22,733	22,733
		Net book values
		At 31 December 2024	65,267	65,267
		At 31 December 2023	74,067	74,067

5	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			$	$
		Cost or revaluation

		Additions	27,750	27,750



		At 31 December 2024	27,750	27,750
		Depreciation

		Charge for the year	5,203	5,203



		At 31 December 2024	5,203	5,203
		Net book values
		At 31 December 2024	22,547	22,547

6	Debtors
			2024	2023
			$	$
		Trade debtors	445	17,650



		VAT recoverable	5,391	2,053

		Other debtors	102,052	99,758

			107,888	119,461

7	Creditors:
		amounts falling due within one year
			2024	2023
			$	$

		Bank loans and overdrafts	12,521	12,740


		Trade creditors	135,042	251,419


		Loans from directors	1,644,181	1,471,737
		Other creditors	51,172	34,331
		Accruals and deferred income	2,900	2,900
			1,845,816	1,773,127

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			$	$

		Bank loans and overdrafts	26,181	29,107






			26,181	29,107

Share Capital

Ordinary shares

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.