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REGISTERED NUMBER: SC174433 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

DIAMAC ENGINEERING LIMITED

DIAMAC ENGINEERING LIMITED (REGISTERED NUMBER: SC174433)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIAMAC ENGINEERING LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S H D Cowie
A Polson
A M G Robins





REGISTERED OFFICE: Unit 4
Woodend Business Centre
Cowdenbeath
Fife
KY4 8HG





REGISTERED NUMBER: SC174433 (Scotland)






DIAMAC ENGINEERING LIMITED (REGISTERED NUMBER: SC174433)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170,663 184,912

CURRENT ASSETS
Stocks 36,327 46,652
Debtors 5 257,954 188,610
Cash at bank and in hand 157,497 116,977
451,778 352,239
CREDITORS
Amounts falling due within one year 6 165,994 97,408
NET CURRENT ASSETS 285,784 254,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,447

439,743

CREDITORS
Amounts falling due after more than one
year

7

(13,627

)

(23,847

)

PROVISIONS FOR LIABILITIES (41,988 ) (35,134 )
NET ASSETS 400,832 380,762

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 3 3
Retained earnings 400,828 380,758
400,832 380,762

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

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

DIAMAC ENGINEERING LIMITED (REGISTERED NUMBER: SC174433)

Balance Sheet - continued
31 August 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 14 October 2024 and were signed on its behalf by:





S H D Cowie - Director


DIAMAC ENGINEERING LIMITED (REGISTERED NUMBER: SC174433)

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


1. STATUTORY INFORMATION

Diamac Engineering Limited is a private company, limited by shares , registered in Scotland. 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 - 5% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

DIAMAC ENGINEERING LIMITED (REGISTERED NUMBER: SC174433)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 734,183 13,414 7,516 755,113
Additions - 1,500 - 1,500
At 31 August 2024 734,183 14,914 7,516 756,613
DEPRECIATION
At 1 September 2023 550,068 12,863 7,270 570,201
Charge for year 15,505 189 55 15,749
At 31 August 2024 565,573 13,052 7,325 585,950
NET BOOK VALUE
At 31 August 2024 168,610 1,862 191 170,663
At 31 August 2023 184,115 551 246 184,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 248,252 174,595
Other debtors 9,702 14,015
257,954 188,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,220 10,220
Trade creditors 35,058 34,191
Amounts owed to group undertakings 44,353 14,353
Taxation and social security 74,225 36,155
Other creditors 2,138 2,489
165,994 97,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 13,627 23,847

DIAMAC ENGINEERING LIMITED (REGISTERED NUMBER: SC174433)

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


8. PARENT COMPANY

The company's ultimate parent company is Enerquip Manufacturing Limited and its registered office is 5 Carden Place, Aberdeen, AB10 1UT.