Company Registration No. 07309470 (England and Wales)
Diamond Quilting Ltd
Unaudited accounts
for the year ended 31 January 2023
Diamond Quilting Ltd
Unaudited accounts
Contents
Diamond Quilting Ltd
Company Information
for the year ended 31 January 2023
Company Number
07309470 (England and Wales)
Registered Office
Queens Mill
Mill Street East
Dewsbury
WF12 9AQ
Accountants
AMS Accountants SBU Ltd
455 Whalley New Road
Blackburn
BB1 9SP
Diamond Quilting Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
193,598
242,467
Inventories
225,480
285,554
Cash at bank and in hand
388,691
538,818
Creditors: amounts falling due within one year
(845,649)
(878,305)
Net current assets
721,172
781,645
Net assets
914,770
1,024,112
Called up share capital
100
100
Profit and loss account
914,670
1,024,012
Shareholders' funds
914,770
1,024,112
For the year ending 31 January 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Zubair Younis
Director
Company Registration No. 07309470
Diamond Quilting Ltd
Notes to the Accounts
for the year ended 31 January 2023
Diamond Quilting Ltd is a private company, limited by shares, registered in England and Wales, registration number 07309470. The registered office is Queens Mill, Mill Street East, Dewsbury, WF12 9AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2022
1,162,858
44,993
1,207,851
At 31 January 2023
1,162,858
44,993
1,207,851
At 1 February 2022
927,896
37,488
965,384
Charge for the year
46,993
1,876
48,869
At 31 January 2023
974,889
39,364
1,014,253
At 31 January 2023
187,969
5,629
193,598
At 31 January 2022
234,962
7,505
242,467
Amounts falling due within one year
Trade debtors
952,650
782,602
Diamond Quilting Ltd
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
495,323
534,413
Taxes and social security
273,169
251,743
Other creditors
77,157
92,149
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Average number of employees
During the year the average number of employees was 0 (2022: 0).