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Registered number: 13146640
Diverse Design Coatings Limited
Unaudited Financial Statements
For the Period 1 February 2024 to 31 July 2024
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13146640
31 July 2024 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 15,296
- 15,296
CURRENT ASSETS
Stocks 5 - 18,375
Debtors 6 1,609 15,652
Cash at bank and in hand 4,678 25,746
6,287 59,773
Creditors: Amounts Falling Due Within One Year 7 (6,187 ) (46,262 )
NET CURRENT ASSETS (LIABILITIES) 100 13,511
TOTAL ASSETS LESS CURRENT LIABILITIES 100 28,807
NET ASSETS 100 28,807
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account - 28,707
SHAREHOLDERS' FUNDS 100 28,807
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Page 2
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Charlotte Carter
Director
17/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Diverse Design Coatings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13146640 . The registered office is Unit B11, Windmill Park, Penarth, CF64 5RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2024: 6)
3 6
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 - 8,000 25,242 1,868 35,110
Disposals - (8,000 ) (25,242 ) (1,868 ) (35,110 )
Depreciation
As at 1 February 2024 - 4,625 14,184 1,005 19,814
Disposals - (4,625 ) (14,184 ) (1,005 ) (19,814 )
As at 31 July 2024 - - - - -
Net Book Value
As at 31 July 2024 - - - - -
As at 1 February 2024 - 3,375 11,058 863 15,296
5. Stocks
31 July 2024 31 January 2024
£ £
Materials - 18,375
6. Debtors
31 July 2024 31 January 2024
£ £
Due within one year
Trade debtors - 9,305
Other debtors 1,609 6,347
1,609 15,652
7. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 January 2024
£ £
Trade creditors 2,931 5,206
Other creditors 3,197 41,056
Taxation and social security 59 -
6,187 46,262
8. Share Capital
31 July 2024 31 January 2024
£ £
Allotted, Called up and fully paid 100 100
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