IRIS Accounts Production v24.1.9.2 SC752059 director 1.12.22 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7520592022-11-30SC7520592023-12-31SC7520592022-12-012023-12-31SC7520592022-11-30SC752059ns15:Scotland2022-12-012023-12-31SC752059ns14:PoundSterling2022-12-012023-12-31SC752059ns10:Director12022-12-012023-12-31SC752059ns10:PrivateLimitedCompanyLtd2022-12-012023-12-31SC752059ns10:SmallEntities2022-12-012023-12-31SC752059ns10:AuditExempt-NoAccountantsReport2022-12-012023-12-31SC752059ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-12-31SC752059ns10:SmallCompaniesRegimeForAccounts2022-12-012023-12-31SC752059ns10:FullAccounts2022-12-012023-12-31SC752059ns5:CurrentFinancialInstruments2023-12-31SC752059ns5:ShareCapital2023-12-31SC752059ns5:RetainedEarningsAccumulatedLosses2023-12-31SC752059ns10:RegisteredOffice2022-12-012023-12-31SC752059ns5:MotorVehicles2022-12-012023-12-31SC752059ns5:MotorVehicles2023-12-31
REGISTERED NUMBER: SC752059 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

M DIAMOND ELECTRICAL LTD

M DIAMOND ELECTRICAL LTD (REGISTERED NUMBER: SC752059)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 December 2022 to 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


M DIAMOND ELECTRICAL LTD (REGISTERED NUMBER: SC752059)

BALANCE SHEET
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 4,499

CURRENT ASSETS
Cash at bank 23,862

CREDITORS
Amounts falling due within one year 5 12,140
NET CURRENT ASSETS 11,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,221

PROVISIONS FOR LIABILITIES 105
NET ASSETS 16,116

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 16,115
16,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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.

M DIAMOND ELECTRICAL LTD (REGISTERED NUMBER: SC752059)

BALANCE SHEET - continued
31 December 2023



The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





M J Diamond - Director


M DIAMOND ELECTRICAL LTD (REGISTERED NUMBER: SC752059)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

M Diamond Electrical Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC752059

Registered office: 10b Register Road
Kilsyth
Glasgow
G65 0DS

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

M DIAMOND ELECTRICAL LTD (REGISTERED NUMBER: SC752059)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 December 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 5,999
At 31 December 2023 5,999
DEPRECIATION
Charge for period 1,500
At 31 December 2023 1,500
NET BOOK VALUE
At 31 December 2023 4,499

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 11,253
Social security and other taxes 37
Accrued expenses 850
12,140