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REGISTERED NUMBER: 06704400 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIAMOND SERVICES (EA) LTD

DIAMOND SERVICES (EA) LTD (REGISTERED NUMBER: 06704400)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIAMOND SERVICES (EA) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I D Ames
M Barmby





REGISTERED OFFICE: Unit 5 Baines Way
Bowthorpe
Norwich
Norfolk
NR5 9JR





REGISTERED NUMBER: 06704400 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

DIAMOND SERVICES (EA) LTD (REGISTERED NUMBER: 06704400)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372,128 19,617

CURRENT ASSETS
Debtors 5 130,174 150,295
Cash at bank 17,636 127,109
147,810 277,404
CREDITORS
Amounts falling due within one year 6 108,133 129,869
NET CURRENT ASSETS 39,677 147,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,805

167,152

CREDITORS
Amounts falling due after more than one
year

7

(129,671

)

(21,667

)

PROVISIONS FOR LIABILITIES (9,379 ) (3,727 )
NET ASSETS 272,755 141,758

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,655 141,658
272,755 141,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 SERVICES (EA) LTD (REGISTERED NUMBER: 06704400)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:




I D Ames - Director



M Barmby - Director


DIAMOND SERVICES (EA) LTD (REGISTERED NUMBER: 06704400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Diamond Services (EA) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

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
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.

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 2 (2023 - 2 ) .

DIAMOND SERVICES (EA) LTD (REGISTERED NUMBER: 06704400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 52,621 52,621
Additions 334,430 27,124 361,554
Disposals - (20,900 ) (20,900 )
At 31 March 2024 334,430 58,845 393,275
DEPRECIATION
At 1 April 2023 - 33,004 33,004
Charge for year - 6,930 6,930
Eliminated on disposal - (18,787 ) (18,787 )
At 31 March 2024 - 21,147 21,147
NET BOOK VALUE
At 31 March 2024 334,430 37,698 372,128
At 31 March 2023 - 19,617 19,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,812 149,751
Other debtors 52,362 544
130,174 150,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,500 10,000
Trade creditors 34,198 49,743
Taxation and social security 57,004 64,867
Other creditors 2,431 5,259
108,133 129,869

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 129,671 21,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 71,671 -

DIAMOND SERVICES (EA) LTD (REGISTERED NUMBER: 06704400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 144,171 31,667

The bank loan is secured on the freehold property.