2022-03-012023-02-282023-02-28false07512244Diamond Green Energy 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Diamond Green Energy Ltd

(formerly DIAMOND GAS AND HEATING LIMITED)

Registered Number
07512244
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

Diamond Green Energy Ltd
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

Ian John Simm
Louise Rosemary Simm

Registered Address

Unit 4 Apex Centre
Speedfields Park
Fareham
PO14 1TP

Registered Number

07512244 (England and Wales)
Diamond Green Energy Ltd
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets617,70610,679
17,70610,679
Current assets
Stocks60,00052,714
Debtors145,47779,163
Cash at bank and on hand120,625107,077
326,102238,954
Creditors amounts falling due within one year(265,940)(153,156)
Net current assets (liabilities)60,16285,798
Total assets less current liabilities77,86896,477
Creditors amounts falling due after one year(57,762)(86,961)
Provisions for liabilities(4,427)-
Net assets15,6799,516
Capital and reserves
Called up share capital100100
Profit and loss account15,5799,416
Shareholders' funds15,6799,516
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2023, and are signed on its behalf by:
Ian John Simm
Director
Louise Rosemary Simm
Director

Registered Company No. 07512244
Diamond Green Energy Ltd
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of plumbing, heat and air conditioning installation.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Fixtures and fittings-5
Office Equipment20-
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year1414
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 2219,963
Additions9,680
At 28 February 2329,642
Depreciation and impairment
At 01 March 229,283
Charge for year2,654
At 28 February 2311,937
Net book value
At 28 February 2317,706
At 28 February 2210,679
7.Description of financial commitments other than capital commitments
The company had total guarantees contingencies and commitments at the year end of £148,009 (2022 £110,670).
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Ian John Simm14,17128,77019,23423,707
Louise Rosemary Simm14,17128,77019,23423,707
28,34257,54038,46847,414
Interest has been charged at the HMRC official rate.