1 March 2023 false No description of principal activity Taxfiler 2024.5 11219543business:PrivateLimitedCompanyLtd2023-03-012024-02-29 112195432023-02-28 112195432023-03-012024-02-29 11219543business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 11219543business:FilletedAccounts2023-03-012024-02-29 112195432024-02-29 11219543business:Director12023-03-012024-02-29 11219543business:RegisteredOffice2023-03-012024-02-29 112195432023-02-28 11219543core:WithinOneYear2024-02-29 11219543core:WithinOneYear2023-02-28 11219543core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11219543core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11219543core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11219543core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11219543core:PreviouslyStatedAmount2024-02-29 11219543core:PreviouslyStatedAmount2023-02-28 11219543business:SmallEntities2023-03-012024-02-29 11219543countries:EnglandWales2023-03-012024-02-29 11219543core:PlantMachinery2023-02-28 11219543core:PlantMachinery2024-02-29 11219543core:PlantMachinery2023-03-012024-02-29 112195432022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11219543 (England and Wales)
DIAMOND VERTICES LTD Unaudited accounts for the year ended 29 February 2024
DIAMOND VERTICES LTD Unaudited accounts Contents
Page
- 2 -
DIAMOND VERTICES LTD Company Information for the year ended 29 February 2024
Director
Titas Gustainis
Company Number
11219543 (England and Wales)
Registered Office
51 MORLAND ROAD LONDON E17 7JA UNITED KINGDOM
Accountants
Eurofirma Ltd 59 Devons Road London E3 3DW
- 3 -
DIAMOND VERTICES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,917 
36,484 
Current assets
Debtors
6,101 
6,101 
Cash at bank and in hand
1,072 
9,659 
7,173 
15,760 
Creditors: amounts falling due within one year
(59,170)
(74,787)
Net current liabilities
(51,997)
(59,027)
Net liabilities
(22,080)
(22,543)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(22,180)
(22,643)
Shareholders' funds
(22,080)
(22,543)
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2024 and were signed on its behalf by
Titas Gustainis Director Company Registration No. 11219543
- 4 -
DIAMOND VERTICES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
DIAMOND VERTICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11219543. The registered office is 51 MORLAND ROAD, LONDON, E17 7JA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
64,240 
At 29 February 2024
64,240 
Depreciation
At 1 March 2023
27,756 
Charge for the year
6,567 
At 29 February 2024
34,323 
Net book value
At 29 February 2024
29,917 
At 28 February 2023
36,484 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
6,001 
6,001 
Other debtors
100 
100 
6,101 
6,101 
- 5 -
DIAMOND VERTICES LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,798 
12,293 
VAT
3,442 
9,731 
Trade creditors
15,749 
25,194 
Taxes and social security
209 
268 
Loans from directors
27,972 
27,301 
59,170 
74,787 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 6 -