18 March 2022 false No description of principal activity Taxfiler 2023.10 13987172business:PrivateLimitedCompanyLtd2022-03-182023-03-31 139871722022-03-17 139871722022-03-182023-03-31 13987172business:AuditExemptWithAccountantsReport2022-03-182023-03-31 13987172business:FilletedAccounts2022-03-182023-03-31 139871722023-03-31 13987172business:Director12022-03-182023-03-31 13987172business:Director22022-03-182023-03-31 13987172business:RegisteredOffice2022-03-182023-03-31 13987172core:WithinOneYear2023-03-31 13987172core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13987172core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13987172core:PreviouslyStatedAmount2023-03-31 13987172business:SmallEntities2022-03-182023-03-31 13987172countries:EnglandWales2022-03-182023-03-31 13987172core:PlantMachinery2022-03-182023-03-31 13987172core:PlantMachinery2022-03-17 13987172core:PlantMachinery2023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13987172 (England and Wales)
LR Diamond Ltd Unaudited accounts for the period from 18 March 2022 to 31 March 2023
LR Diamond Ltd Unaudited accounts Contents
Page
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LR Diamond Ltd Company Information for the period from 18 March 2022 to 31 March 2023
Directors
Mr G Marshall Mr L Hinchliffe
Company Number
13987172 (England and Wales)
Registered Office
Unit 3 Sandstop Highfields, North Newbald York East Yorkshire YO43 4SW England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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LR Diamond Ltd Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
52,250 
Current assets
Inventories
23,000 
Debtors
2,908 
Cash at bank and in hand
5,300 
31,208 
Creditors: amounts falling due within one year
(141,234)
Net current liabilities
(110,026)
Net liabilities
(57,776)
Capital and reserves
Called up share capital
100 
Profit and loss account
(57,876)
Shareholders' funds
(57,776)
For the period ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by
Mr G Marshall Director Company Registration No. 13987172
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LR Diamond Ltd Notes to the Accounts for the period from 18 March 2022 to 31 March 2023
1
Statutory information
LR Diamond Ltd is a private company, limited by shares, registered in England and Wales, registration number 13987172. The registered office is Unit 3, Sandstop Highfields, North Newbald, York, East Yorkshire , YO43 4SW, England.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% at cost
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 18 March 2022
- 
Additions
66,000 
At 31 March 2023
66,000 
Depreciation
Charge for the period
13,750 
At 31 March 2023
13,750 
Net book value
At 31 March 2023
52,250 
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LR Diamond Ltd Notes to the Accounts for the period from 18 March 2022 to 31 March 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
280 
Trade debtors
2,628 
2,908 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
19,502 
Taxes and social security
6,273 
Other creditors
50,207 
Loans from directors
65,252 
141,234 
7
Average number of employees
During the period the average number of employees was 7.
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