Registered number
08664309
Dimond Technologies Ltd
Unaudited Filleted Accounts
31 August 2023
Dimond Technologies Ltd
Registered number: 08664309
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,097 1,521
Current assets
Debtors 4 4,834 5,283
Cash at bank and in hand 38,905 36,398
43,739 41,681
Creditors: amounts falling due within one year 5 (14,645) (15,891)
Net current assets 29,094 25,790
Total assets less current liabilities 30,191 27,311
Provisions for liabilities (200) (280)
Net assets 29,991 27,031
Capital and reserves
Called up share capital 1 1
Profit and loss account 29,990 27,030
Shareholder's funds 29,991 27,031
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I. Dimond
Director
Approved by the board on 12 September 2023
Dimond Technologies Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 2-4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 12,292
Additions 515
At 31 August 2023 12,807
Depreciation
At 1 September 2022 10,771
Charge for the year 939
At 31 August 2023 11,710
Net book value
At 31 August 2023 1,097
At 31 August 2022 1,521
4 Debtors 2023 2022
£ £
Trade debtors 3,562 4,435
Other debtors 1,272 848
4,834 5,283
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 13,419 14,648
Other creditors 1,226 1,243
14,645 15,891
6 Controlling party
The company is owned and controlled by the director.
7 Other information
Dimond Technologies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 Norton Road
Woodley
Reading
RG5 4AH
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