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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
Page
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Diamond Quilting Ltd Company Information for the year ended 31 January 2023
Director
Zubair Younis
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
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Diamond Quilting Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
193,598 
242,467 
Current assets
Inventories
225,480 
285,554 
Debtors
952,650 
835,578 
Cash at bank and in hand
388,691 
538,818 
1,566,821 
1,659,950 
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 
Capital and reserves
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
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Diamond Quilting Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
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 
Depreciation
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 
Net book value
At 31 January 2023
187,969 
5,629 
193,598 
At 31 January 2022
234,962 
7,505 
242,467 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
952,650 
782,602 
Other debtors
- 
52,976 
952,650 
835,578 
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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 
845,649 
878,305 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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