IRIS Accounts Production v18.3.0.592 02731679 Board of Directors Board of Directors 1.5.17 30.4.18 30.4.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027316792017-04-30027316792018-04-30027316792017-05-012018-04-30027316792016-04-30027316792016-05-012017-04-30027316792017-04-3002731679ns15:EnglandWales2017-05-012018-04-3002731679ns14:PoundSterling2017-05-012018-04-3002731679ns10:Director12017-05-012018-04-3002731679ns10:Director22017-05-012018-04-3002731679ns10:PrivateLimitedCompanyLtd2017-05-012018-04-3002731679ns10:SmallEntities2017-05-012018-04-3002731679ns10:AuditExempt-NoAccountantsReport2017-05-012018-04-3002731679ns10:SmallCompaniesRegimeForDirectorsReport2017-05-012018-04-3002731679ns10:SmallCompaniesRegimeForAccounts2017-05-012018-04-3002731679ns10:AbridgedAccounts2017-05-012018-04-3002731679ns10:Director32017-05-012018-04-3002731679ns10:CompanySecretary12017-05-012018-04-3002731679ns10:RegisteredOffice2017-05-012018-04-3002731679ns5:CurrentFinancialInstruments2018-04-3002731679ns5:CurrentFinancialInstruments2017-04-3002731679ns5:Non-currentFinancialInstruments2018-04-3002731679ns5:Non-currentFinancialInstruments2017-04-3002731679ns5:ShareCapital2018-04-3002731679ns5:ShareCapital2017-04-3002731679ns5:RevaluationReserve2018-04-3002731679ns5:RevaluationReserve2017-04-3002731679ns5:RetainedEarningsAccumulatedLosses2018-04-3002731679ns5:RetainedEarningsAccumulatedLosses2017-04-3002731679ns5:LandBuildingsns5:OwnedOrFreeholdAssets2017-05-012018-04-3002731679ns5:PlantMachinery2017-05-012018-04-3002731679ns5:FurnitureFittings2017-05-012018-04-3002731679ns5:MotorVehicles2017-05-012018-04-3002731679ns5:Secured2018-04-3002731679ns5:Secured2017-04-30


REGISTERED NUMBER: 02731679 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD

DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD (REGISTERED NUMBER: 02731679)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD

COMPANY INFORMATION
for the year ended 30 April 2018







DIRECTORS: Mrs M A Kingston
Mr P M Hoffman
Mr R M Kingston Scannell





SECRETARY: Mrs M A Kingston





REGISTERED OFFICE: Elm Court
Southend Road
Wickford
Essex
SS11 8DU





REGISTERED NUMBER: 02731679 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD (REGISTERED NUMBER: 02731679)

ABRIDGED BALANCE SHEET
30 April 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 513,430 532,155

CURRENT ASSETS
Stocks - 16,596
Debtors 4,346,171 4,085,104
Cash at bank and in hand 29,839 32,205
4,376,010 4,133,905
CREDITORS
Amounts falling due within one year 4,046,291 3,837,003
NET CURRENT ASSETS 329,719 296,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

843,149

829,057

CREDITORS
Amounts falling due after more than one
year

(43,406

)

(59,594

)

PROVISIONS FOR LIABILITIES (414 ) (1,217 )
NET ASSETS 799,329 768,246

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 270,522 270,522
Retained earnings 528,707 497,624
SHAREHOLDERS' FUNDS 799,329 768,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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.

DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD (REGISTERED NUMBER: 02731679)

ABRIDGED BALANCE SHEET - continued
30 April 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 23 October 2018 and were signed on its behalf by:




Mrs M A Kingston - Director



Mr P M Hoffman - Director


DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD (REGISTERED NUMBER: 02731679)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2018

1. STATUTORY INFORMATION

Diamond Construction & Engineering Recruitment 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value, net of value added tax and discounts, of the work carried out in respect of the
services provided to the customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and building - 2% on cost
Office equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD (REGISTERED NUMBER: 02731679)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2018

2. ACCOUNTING POLICIES - continued

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.

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 year was 22 (2017 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2017 862,962
Additions 1,755
At 30 April 2018 864,717
DEPRECIATION
At 1 May 2017 330,807
Charge for year 20,480
At 30 April 2018 351,287
NET BOOK VALUE
At 30 April 2018 513,430
At 30 April 2017 532,155

Included in cost or valuation of land and buildings is freehold land of £ 134,000 (2017 - £ 134,000 ) which is not
depreciated.

Cost or valuation at 30 April 2018 is represented by:

Totals
£   
Valuation in 2003 64,033
Valuation in 2008 106,489
Valuation in 2009 50,000
Valuation in 2017 50,000
Cost 594,195
864,717

DIAMOND CONSTRUCTION & ENGINEERING
RECRUITMENT LTD (REGISTERED NUMBER: 02731679)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2018

5. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 60,046 139,970
Invoice discounting 2,781,371 2,892,007
2,841,417 3,031,977

The bank loan is secured on the company's freehold property, rear of 78 Southend Road, Wickford, Essex by 1st
Party Land Charge dated 29 October 1997. The loan is subject to interest of 3.4% over bank base rate and is
repayable in instalments over 15 years.

Also, fixed and floating charges over the undertaking and all property and assets present and future including
goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

All the directors have given personal guarantees of £120,000 each.