Company Registration No. 9490021 (England and Wales)
DIAMOND TRANSPORT (SAFFRON WALDEN) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
DIAMOND TRANSPORT (SAFFRON WALDEN) LIMITED
COMPANY INFORMATION
Director
D Westbury-Barnes
Company number
9490021
Registered office
The Old Forge
Audley End Business Centre
London Road
Wenders Ambo
Near Saffron Walden
CB11 4JL
DIAMOND TRANSPORT (SAFFRON WALDEN) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
DIAMOND TRANSPORT (SAFFRON WALDEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
Company information

Diamond Transport (Saffron Walden) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Forge, Audley End Business Centre, London Road, Wenders Ambo, Near Saffron Walden, CB11 4JL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

DIAMOND TRANSPORT (SAFFRON WALDEN) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Work in progress
1,300
1,300
Cash at bank and in hand
2,279
14,169
3,579
15,469
Creditors: amounts falling due within one year
2
(78,614)
(84,906)
Net current liabilities
(75,035)
(69,437)
Capital and reserves
Called up share capital
3
100
100
Profit and loss reserves
(75,135)
(69,537)
Total equity
(75,035)
(69,437)

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

 

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

The financial statements were approved and signed by the director and authorised for issue on 10 November 2023
D Westbury-Barnes
Director
Company Registration No. 9490021
DIAMOND TRANSPORT (SAFFRON WALDEN) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
2
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
8,800
13,200
Other taxation and social security
3,407
4,250
Other creditors
66,407
67,456
78,614
84,906
3
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100
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