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REGISTERED NUMBER: 07105688 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Diamond Cut Glass Ltd

Diamond Cut Glass Ltd (Registered number: 07105688)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Diamond Cut Glass Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr P Cleal
Mr L R Lane
Mr N J Martin
Mr R Hill





REGISTERED OFFICE: Unit 1 Whitworth Court
Baird Road
Waterwell Business Park
Quedgeley
Gloucestershire
GL2 2DG





REGISTERED NUMBER: 07105688 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Diamond Cut Glass Ltd (Registered number: 07105688)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,175 13,746

CURRENT ASSETS
Stocks 24,137 27,942
Debtors 5 96,779 83,050
Cash at bank and in hand 70,080 32,189
190,996 143,181
CREDITORS
Amounts falling due within one year 6 112,007 138,761
NET CURRENT ASSETS 78,989 4,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,164

18,166

CREDITORS
Amounts falling due after more than one
year

7

1,012

1,012
NET ASSETS 88,152 17,154

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 87,852 16,854
SHAREHOLDERS' FUNDS 88,152 17,154

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Diamond Cut Glass Ltd (Registered number: 07105688)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr L R Lane - Director


Diamond Cut Glass Ltd (Registered number: 07105688)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Diamond Cut Glass 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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

Hire purchase and leasing commitments
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 9 (2022 - 9 ) .

Diamond Cut Glass Ltd (Registered number: 07105688)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 48,125
Additions 417
At 31 December 2023 48,542
DEPRECIATION
At 1 January 2023 34,379
Charge for year 3,988
At 31 December 2023 38,367
NET BOOK VALUE
At 31 December 2023 10,175
At 31 December 2022 13,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 90,850 79,316
Other debtors 5,929 3,734
96,779 83,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 30,309 77,441
Taxation and social security 51,005 19,211
Other creditors 30,693 42,109
112,007 138,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,012 1,012