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REGISTERED NUMBER: 08311034 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

COAL & DIAMOND LIMITED

COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 64,792 74,048
Tangible assets 5 208,700 173,178
273,492 247,226

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 6 341,350 246,757
Cash at bank and in hand 6,386 28,052
352,236 279,309
CREDITORS
Amounts falling due within one year 7 258,416 188,389
NET CURRENT ASSETS 93,820 90,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,312

338,146

CREDITORS
Amounts falling due after more than one
year

8

(332,799

)

(317,544

)

PROVISIONS FOR LIABILITIES (31,660 ) (18,869 )
NET ASSETS 2,853 1,733

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,753 1,633
2,853 1,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





Dr M A M Hassaan - Director


COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Coal & Diamond Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08311034

Registered office: Glaslyn
Ffordd Y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

The presentation currency of the financial statements is the Pound Sterling (£).


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 gross invoiced sales and work done.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 92,566
AMORTISATION
At 1 October 2022 18,518
Charge for year 9,256
At 30 September 2023 27,774
NET BOOK VALUE
At 30 September 2023 64,792
At 30 September 2022 74,048

COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 88,237 230,440 318,677
Additions - 72,962 72,962
At 30 September 2023 88,237 303,402 391,639
DEPRECIATION
At 1 October 2022 14,369 131,130 145,499
Charge for year 4,301 33,139 37,440
At 30 September 2023 18,670 164,269 182,939
NET BOOK VALUE
At 30 September 2023 69,567 139,133 208,700
At 30 September 2022 73,868 99,310 173,178

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 39,781
At 30 September 2023 39,781
NET BOOK VALUE
At 30 September 2023 39,781

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 176,094 165,256
Other debtors 165,256 81,501
341,350 246,757

COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,892 20,609
Hire purchase contracts (see note 9) 7,956 -
Trade creditors 154,548 72,840
Taxation and social security 69,475 76,505
Other creditors 3,545 18,435
258,416 188,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 300,974 317,544
Hire purchase contracts (see note 9) 31,825 -
332,799 317,544

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 228,158 235,128

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,956 -
Between one and five years 31,825 -
39,781 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 69,065 58,440
Between one and five years 124,261 141,230
193,326 199,670

COAL & DIAMOND LIMITED (REGISTERED NUMBER: 08311034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 5
Bank loans 281,396 294,830
281,396 294,835

The bank loan and overdraft is secured by a fixed and floating charge over the company's assets.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Dr M A M Hassaan and Mrs S A A Eissa
Balance outstanding at start of year 32,890 -
Amounts advanced 41,057 32,890
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,947 32,890