DIAMOND ICHINA LTD

Company Registration Number:
11681821 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

DIAMOND ICHINA LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

DIAMOND ICHINA LTD

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 89,683 67,365
Investments:   0 0
Total fixed assets: 89,683 67,365
Current assets
Stocks: 313,986 354,772
Debtors: 4 445,463 290,496
Cash at bank and in hand: 148,783 55,337
Investments:   0 0
Total current assets: 908,232 700,605
Creditors: amounts falling due within one year: 5 (442,403) (504,160)
Net current assets (liabilities): 465,829 196,445
Total assets less current liabilities: 555,512 263,810
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 555,512 263,810
Capital and reserves
Called up share capital: 1 1
Share premium account: 79,999 79,999
Revaluation reserve:620,88620,886
Other reserves: 0 0
Profit and loss account: 454,626 162,924
Shareholders funds: 555,512 263,810

The notes form part of these financial statements

DIAMOND ICHINA LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 November 2023
and signed on behalf of the board by:

Name: Mr S W Guan
Status: Director

The notes form part of these financial statements

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover shown in the profit and loss account represents sales arising during the period, excluding Value Added Tax, from the principal activity of the company.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Fixtures and fittings 10%-20% on cost Motor vehicles 25% reducing balance

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 17 17

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 109,251
Additions 35,640
Disposals (4,500)
At 30 April 2023 140,391
Depreciation
At 01 May 2022 41,886
Charge for year 12,938
On disposals (4,116)
At 30 April 2023 50,708
Net book value
At 30 April 2023 89,683
At 30 April 2022 67,365

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

Trade debtors £296,225 (2022: £136,183); Other debtors £136,592 (2022: £141,636); Prepayments £12,646 (2022: £12,677)

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

Trade creditors £368,714 (2022: £476,162); Taxation and social security £67,315 (2022: £21,394); Other creditors £6,374 (2022: £6,604)

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Revaluation reserve

2023
£
Balance at 01 May 2022 20,886
Surplus or deficit after revaluation 0
Balance at 30 April 2023 20,886

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Financial commitments

Leasing commitments: As at 30 April 2023, the company had annual commitments under non-cancellable operating leases detailed as follows: Land and buildings operating leases which expire between 2 and 5 years - £43,350 (2022: £43,350)

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

8. Loans to directors

Name of director receiving advance or credit: Mr S W Guan
Description of the loan: Loan for 50% business purchase repayments
£
Balance at 01 May 2022 17,700
Balance at 30 April 2023 17,700
Name of director receiving advance or credit: Mr W Wu
Description of the loan: Loan for 50% business purchase repayments
£
Balance at 01 May 2022 17,700
Balance at 30 April 2023 17,700
Name of director receiving advance or credit: Mr W Wu
Description of the loan: Loan for home improvements
£
Balance at 01 May 2022 35,000
Advances or credits repaid: 4,000
Balance at 30 April 2023 31,000

The company's interest free loans to its directors were at the period end: Mr S W Guan £17,700 (2022: £17,700) and Mr W Wu £48,700 (2022: £52,700)

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

9. Related party transactions

The company paid £nil dividend to its directors during the period.