REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
FOR |
DIAMOND CONSTRUCTION & ENGINEERING |
RECRUITMENT LTD |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
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 |
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 |
Freehold land and building | - |
Office equipment | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 May 2017 |
Additions |
At 30 April 2018 |
DEPRECIATION |
At 1 May 2017 |
Charge for year |
At 30 April 2018 |
NET BOOK VALUE |
At 30 April 2018 |
At 30 April 2017 |
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 |
Invoice discounting | 2,781,371 | 2,892,007 |
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. |