DIAMOND ICHINA LTD

Company Registration Number:
11681821 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

DIAMOND ICHINA LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

DIAMOND ICHINA LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 211,183 89,683
Total fixed assets: 211,183 89,683
Current assets
Stocks: 539,320 313,986
Debtors: 4 400,110 445,463
Cash at bank and in hand: 23,521 148,783
Total current assets: 962,951 908,232
Creditors: amounts falling due within one year: 5 (445,050) (442,403)
Net current assets (liabilities): 517,901 465,829
Total assets less current liabilities: 729,084 555,512
Total net assets (liabilities): 729,084 555,512
Capital and reserves
Called up share capital: 1 1
Share premium account: 79,999 79,999
Revaluation reserve:620,88620,886
Profit and loss account: 628,198 454,626
Shareholders funds: 729,084 555,512

The notes form part of these financial statements

DIAMOND ICHINA LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2024
and signed on behalf of the board by:

Name: Mr S W Guan
Status: Director

The notes form part of these financial statements

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover shown in the profit and loss account represents sales arising during the period, excluding Value Added Tax, from the principal activity of the company.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and fittings at 10%-20% on cost and Motor vehicles at 25% reducing balance.

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 14 17

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 140,391
Additions 166,571
Disposals (25,222)
At 30 April 2024 281,740
Depreciation
At 01 May 2023 50,708
Charge for year 44,154
On disposals (24,305)
At 30 April 2024 70,557
Net book value
At 30 April 2024 211,183
At 30 April 2023 89,683

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

Trade debtors £225,080 (2023: £296,225); Other debtors £140,669 (2023: £136,592); Prepayments £34,361 (2023: £12,646)

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

Trade creditors £413,045 (2023: £368,714); Taxation and social security £24,399 (2023: £67,315); Other creditors £7,606 (2023: £6,374)

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Revaluation reserve

2024
£
Balance at 01 May 2023 20,886
Surplus or deficit after revaluation 0
Balance at 30 April 2024 20,886

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Financial commitments

Leasing commitments: As at 30 April 2024, the company had annual commitments under non-cancellable operating leases detailed as follows: Land and buildings operating leases which expire between 2 and 5 years - £43,350 (2023: £43,350)

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

8. Loans to directors

Name of director receiving advance or credit: Mr S W Guan
Description of the loan: Loan for 50% business purchase repayments
£
Balance at 01 May 2023 17,700
Advances or credits repaid: 17,700
Balance at 30 April 2024 0
Name of director receiving advance or credit: Mr W Wu
Description of the loan: Loan for 50% business purchase repayments
£
Balance at 01 May 2023 17,700
Advances or credits repaid: 17,700
Balance at 30 April 2024 0
Name of director receiving advance or credit: Mr W Wu
Description of the loan: Loan for home improvements
£
Balance at 01 May 2023 31,000
Advances or credits repaid: 16,000
Balance at 30 April 2024 15,000

The company's interest free loans to its directors were at the period end: Mr S W Guan £nil (2023: £17,700) and Mr W Wu £15,000 (2023: £48,700).

DIAMOND ICHINA LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

9. Related party transactions

The company paid £nil dividend to its directors during the period.