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Company Registration No. 11769684 (England and Wales)
Diamond Maintenance Ltd Unaudited accounts for the period from 1 February 2023 to 31 August 2023
Diamond Maintenance Ltd Unaudited accounts Contents
Page
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Diamond Maintenance Ltd Company Information for the period from 1 February 2023 to 31 August 2023
Director
Colin Smith
Company Number
11769684 (England and Wales)
Registered Office
The Carew Arms, Antony Hill Antony Torpoint PL11 3AB
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
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Diamond Maintenance Ltd Statement of financial position as at 31 August 2023
31/08/2023 
31/01/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,044 
7,515 
Current assets
Debtors
629 
330 
Cash at bank and in hand
5,083 
12,948 
5,712 
13,278 
Creditors: amounts falling due within one year
(23,166)
(21,958)
Net current liabilities
(17,454)
(8,680)
Total assets less current liabilities
(4,410)
(1,165)
Creditors: amounts falling due after more than one year
(8,979)
(11,315)
Net liabilities
(13,389)
(12,480)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(13,390)
(12,481)
Shareholders' funds
(13,389)
(12,480)
For the period ending 31 August 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 director acknowledges his 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 and authorised for issue on 6 December 2023 and were signed on its behalf by
Colin Smith Director Company Registration No. 11769684
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Diamond Maintenance Ltd Notes to the Accounts for the period from 1 February 2023 to 31 August 2023
1
Statutory information
Diamond Maintenance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11769684. The registered office is The Carew Arms, Antony Hill, Antony, Torpoint, PL11 3AB.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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
20% - straight line
Motor vehicles
25% - straight line
Computer equipment
33% - straight line
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Diamond Maintenance Ltd Notes to the Accounts for the period from 1 February 2023 to 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
13,999 
20,153 
329 
34,481 
Additions
3,284 
6,500 
- 
9,784 
At 31 August 2023
17,283 
26,653 
329 
44,265 
Depreciation
At 1 February 2023
8,164 
18,473 
329 
26,966 
Charge for the period
1,898 
2,357 
- 
4,255 
At 31 August 2023
10,062 
20,830 
329 
31,221 
Net book value
At 31 August 2023
7,221 
5,823 
- 
13,044 
At 31 January 2023
5,835 
1,680 
- 
7,515 
5
Debtors
31/08/2023 
31/01/2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
629 
- 
Other debtors
- 
330 
629 
330 
6
Creditors: amounts falling due within one year
31/08/2023 
31/01/2023 
£ 
£ 
Bank loans and overdrafts
3,983 
3,923 
Amounts owed to group undertakings and other participating interests
16,815 
- 
Other creditors
- 
1,315 
Loans from directors
1,228 
- 
Accruals
1,140 
16,720 
23,166 
21,958 
7
Creditors: amounts falling due after more than one year
31/08/2023 
31/01/2023 
£ 
£ 
Bank loans
8,979 
11,315 
8
Average number of employees
During the period the average number of employees was 2 (31/01/2023: 2).
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