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REGISTERED NUMBER: 14113068 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 May 2024

for

White Diamond Ltd

White Diamond Ltd (Registered number: 14113068)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


White Diamond Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Ms L Milta





REGISTERED OFFICE: 86 Tettenhall Road
Wolverhampton
West Midlands
WV1 4TF





BUSINESS ADDRESS: Unit 5S, Marshalls Industrial Estate
Sedgley Street
Wolverhampton
West Midlands
WV2 3AJ





REGISTERED NUMBER: 14113068 (England and Wales)





ACCOUNTANTS: Appleby Mall Limited
Chartered Certified Accountants
86 Tettenhall Road
Wolverhampton
West Midlands
WV1 4TF

White Diamond Ltd (Registered number: 14113068)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,107 2,506

CURRENT ASSETS
Stocks 20,075 19,850
Debtors 14,041 23,437
Cash at bank 60,739 58,950
94,855 102,237
CREDITORS
Amounts falling due within one year 29,302 90,605
NET CURRENT ASSETS 65,553 11,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,660

14,138

PROVISIONS FOR LIABILITIES 5 762 539
NET ASSETS 67,898 13,599

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 67,897 13,598
SHAREHOLDERS' FUNDS 67,898 13,599

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

White Diamond Ltd (Registered number: 14113068)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2024 and were signed by:





Ms L Milta - Director


White Diamond Ltd (Registered number: 14113068)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

White Diamond 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 33% on cost and 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.

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.

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 3 (2023 - 3 ) .

White Diamond Ltd (Registered number: 14113068)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 3,451
Additions 2,213
Disposals (150 )
At 31 May 2024 5,514
DEPRECIATION
At 1 June 2023 945
Charge for year 1,462
At 31 May 2024 2,407
NET BOOK VALUE
At 31 May 2024 3,107
At 31 May 2023 2,506

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 762 539

Deferred
tax
£   
Balance at 1 June 2023 539
Provided during year 223
Balance at 31 May 2024 762

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

7. ULTIMATE CONTROLLING PARTY

The controlling party is Ms L Milta.