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REGISTERED NUMBER: 09372916 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2024

for

Diamond Drains Ltd

Diamond Drains Ltd (Registered number: 09372916)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Diamond Drains Ltd

Company Information
For The Year Ended 31 January 2024







DIRECTORS: Mrs A Costa
P Sutton





SECRETARY:





REGISTERED OFFICE: 11 Sussex Court
Grove Road
Barnes
London
SW13 0EZ





REGISTERED NUMBER: 09372916 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Diamond Drains Ltd (Registered number: 09372916)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,167 10,209

CURRENT ASSETS
Debtors 5 147,106 112,703
Cash at bank 8,430 11,568
155,536 124,271
CREDITORS
Amounts falling due within one year 6 129,261 96,200
NET CURRENT ASSETS 26,275 28,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,442

38,280

CREDITORS
Amounts falling due after more than
one year

7

25,784

34,167
NET ASSETS 8,658 4,113

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 8,558 4,013
SHAREHOLDERS' FUNDS 8,658 4,113

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Drains Ltd (Registered number: 09372916)

Balance Sheet - continued
31 January 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 11 September 2024 and were signed on its behalf by:





P Sutton - Director


Diamond Drains Ltd (Registered number: 09372916)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Diamond Drains 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.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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.

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.

Diamond Drains Ltd (Registered number: 09372916)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 21,820 3,898 25,718
DEPRECIATION
At 1 February 2023 14,092 1,417 15,509
Charge for year 1,546 496 2,042
At 31 January 2024 15,638 1,913 17,551
NET BOOK VALUE
At 31 January 2024 6,182 1,985 8,167
At 31 January 2023 7,728 2,481 10,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 14,893 18,934
Other debtors 18,005 18,005
Directors' current accounts 114,208 75,764
147,106 112,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts 2,811 2,811
Trade creditors 15,400 14,533
Tax 64,285 50,120
S455 CT Charge 31,163 18,005
Social security and other taxes (4,142 ) -
VAT 19,494 10,481
Accrued expenses 250 250
129,261 96,200

Diamond Drains Ltd (Registered number: 09372916)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans - 1-2 years 24,167 34,167
Capital on Tap 1,617 -
25,784 34,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary 0.01 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 4,013
Profit for the year 104,545
Dividends (100,000 )
At 31 January 2024 8,558