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REGISTERED NUMBER: 06834378 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DIAMOND CONSTRUCTION (UK) LTD

DIAMOND CONSTRUCTION (UK) LTD (REGISTERED NUMBER: 06834378)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance sheet 1

Notes to the financial statements 3


DIAMOND CONSTRUCTION (UK) LTD (REGISTERED NUMBER: 06834378)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 16,909 20,847

Current assets
Stocks 200 -
Debtors 5 15,022 1,655
Cash at bank 16,897 23,249
32,119 24,904
Creditors
Amounts falling due within one year 6 34,259 33,140
Net current liabilities (2,140 ) (8,236 )
Total assets less current liabilities 14,769 12,611

Creditors
Amounts falling due after more than one year 7 - (200 )

Provisions for liabilities 8 (2,630 ) (3,961 )
Net assets 12,139 8,450

Capital and reserves
Called up share capital 9 2 2
Retained earnings 12,137 8,448
Shareholders' funds 12,139 8,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DIAMOND CONSTRUCTION (UK) LTD (REGISTERED NUMBER: 06834378)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




Mr N Lockyer - Director



Mr N Randall - Director


DIAMOND CONSTRUCTION (UK) LTD (REGISTERED NUMBER: 06834378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Diamond Construction (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06834378. The registered office is 7 & 8 Church Street, Wimborne, Dorset, England, BH21 1JH and business address is 1 Allens Road, Upton, Poole, Dorset, BH16 5BT.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents consideration received or receivable net of VAT and discounts, in regards to the construction of domestic buildings and contracted general building services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

DIAMOND CONSTRUCTION (UK) LTD (REGISTERED NUMBER: 06834378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022 5,390 38,245 5,518 49,153
Additions 295 - 1,070 1,365
Disposals - - (608 ) (608 )
At 31 March 2023 5,685 38,245 5,980 49,910
Depreciation
At 1 April 2022 2,514 23,495 2,042 28,051
Charge for year 476 3,688 1,052 5,216
Eliminated on disposal - - (266 ) (266 )
At 31 March 2023 2,990 27,183 2,828 33,001
Net book value
At 31 March 2023 2,695 11,062 3,152 16,909
At 31 March 2022 2,876 14,750 3,476 21,102

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 260 -
Prepayments and accrued income 14,762 1,655
15,022 1,655

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts - 4,221
Trade creditors 6,252 3,479
Tax 15,337 16,433
VAT 5,519 3,628
Other creditors 536 -
Directors' current accounts 4,965 2,617
Accruals and deferred income 1,650 2,762
34,259 33,140

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years - 200

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 2,630 3,961

DIAMOND CONSTRUCTION (UK) LTD (REGISTERED NUMBER: 06834378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 April 2022 3,961
Provided during year (1,331 )
Balance at 31 March 2023 2,630

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.