2023-02-01 01012929 2024-01-31 01012929 2023-02-01 2024-01-31 01012929 2023-01-31 01012929 2022-02-01 2023-01-31 01012929 uk-core:WithinOneYear 2023-01-31 01012929 uk-core:WithinOneYear 2024-01-31 01012929 uk-core:AfterOneYear 2023-01-31 01012929 uk-core:AfterOneYear 2024-01-31 01012929 uk-core:ShareCapital 2024-01-31 01012929 uk-core:ShareCapital 2023-01-31 01012929 uk-core:SharePremium 2024-01-31 01012929 uk-core:SharePremium 2023-01-31 01012929 uk-core:RevaluationReserve 2024-01-31 01012929 uk-core:RevaluationReserve 2023-01-31 01012929 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 01012929 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 01012929 uk-core:OtherMiscellaneousReserve 2024-01-31 01012929 uk-bus:Director1 2023-02-01 2024-01-31 01012929 uk-core:LandBuildings 2023-02-01 2024-01-31 01012929 uk-core:PlantMachinery 2023-02-01 2024-01-31 01012929 uk-core:ComputerEquipment 2023-02-01 2024-01-31 01012929 uk-core:MotorVehicles 2023-02-01 2024-01-31 01012929 uk-core:ComputerEquipment 2023-01-31 01012929 uk-core:MotorVehicles 2023-01-31 01012929 uk-core:PlantMachinery 2023-01-31 01012929 uk-core:LandBuildings 2023-01-31 01012929 uk-core:PlantMachinery 2024-01-31 01012929 uk-core:MotorVehicles 2024-01-31 01012929 uk-core:ComputerEquipment 2024-01-31 01012929 uk-core:LandBuildings 2024-01-31 01012929 uk-core:WithinOneYear uk-core:Secured 2024-01-31 01012929 uk-core:WithinOneYear uk-core:Secured 2023-01-31 01012929 uk-core:WithinOneYear 2024-01-31 01012929 uk-core:WithinOneYear 2023-01-31 01012929 uk-core:WithinOneYear 2023-02-01 2024-01-31 01012929 uk-core:AfterOneYear uk-core:Secured 2024-01-31 01012929 uk-core:AfterOneYear uk-core:Secured 2023-01-31 01012929 uk-core:AfterOneYear 2023-02-01 2024-01-31 01012929 3 uk-bus:Director1 2023-02-01 2024-01-31 01012929 3 uk-bus:Director1 2024-01-31 01012929 3 uk-bus:Director1 2023-01-31 iso4217:GBP xbrli:pure 01012929 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 01012929 uk-bus:FRS102 2023-02-01 2024-01-31 01012929 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 01012929 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Diamond Photofoil Ltd
Registered Number:01012929
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Diamond Photofoil Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
01012929
As at 31 January 2024
Diamond Photofoil Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
932,544
958,464
2
932,544
958,464
Current assets
Inventories
341,374
243,106
3
Trade and other receivables
399,141
376,860
4
316,788
Cash and cash equivalents
144,348
764,314
1,057,303
Trade and other payables: amounts falling due within one
year
(241,615)
(268,737)
5
815,688
495,577
Net current assets
Total assets less current liabilities
1,428,121
1,774,152
Trade and other payables: amounts falling due after more
than one year
(291,464)
-
6
1,428,121
Net assets
1,482,688
Capital and reserves
Called up share capital
9,500
9,500
Share premium account
27,691
27,691
Revaluation reserve
595,699
595,699
7
Retained earnings
794,025
848,592
Other reserves
1,206
1,206
1,428,121
1,482,688
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
Registered Number :
01012929
For the year ended 31 January 2024
Diamond Photofoil Ltd
Statement of Financial Position Continued
Mrs Philippa Ellis Director
These financial statements were approved and authorised for issue by the Board on 10 June 2024 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 January 2024
Diamond Photofoil Ltd
Notes to the Financial Statements
Statutory Information
Diamond Photofoil Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 01012929.
Registered address:
Diamond Works, Maidstone Road
Nettlestead
Maidstone
Kent
ME18 5HP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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 basis:
Land and Buildings
Not Provided
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
6
For the year ended 31 January 2024
Diamond Photofoil Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 February 2023
1,557,748
54,986
7,144
636,834
858,784
2,077
2,077
-
-
-
Additions
-
-
(10,044)
-
Disposals
(10,044)
At 31 January 2024
626,790
7,144
57,063
1,549,781
858,784
Provision for depreciation and impairment
At 01 February 2023
599,284
48,125
1,100
550,059
-
Charge for year
19,962
1,475
1,209
17,278
-
(2,009)
-
-
(2,009)
-
On disposal
At 31 January 2024
617,237
49,600
2,309
565,328
-
At 31 January 2024
Net book value
858,784
61,462
4,835
7,463
932,544
At 31 January 2023
858,784
86,775
6,044
6,861
958,464
3. Inventories
2023
2024
£
£
Stocks
243,106
341,374
4. Trade and other receivables
2023
2024
£
£
Trade debtors
149,726
83,201
Amounts owed by group undertakings and participating interests
109,493
-
Other debtors
117,641
315,940
399,141
376,860
4 of 5
7
For the year ended 31 January 2024
Diamond Photofoil Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
-
17,311
Bank loans and overdraft
-
33,333
Trade creditors
151,324
93,273
Taxation and social security
5,943
5,504
Other creditors
111,470
92,194
268,737
241,615
The Bank Loan and Mortgage were repaid on 13 October 2023
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
111,111
Bank loans and overdraft (secured)
-
180,353
Other creditors
-
-
-
291,464
The Bank Loan and Mortgage were repaid on 13 October 2023
7. Reserves
Total
£
Revaluation reserve at 01 February 2023
595,699
595,699
Revaluation reserve at 31 January 2024
8. Directors advances and guarantees
At 01/02/2023
At 31/01/2024
£
£
Mr David Hitch
House Purchase Loan. Interest charged at HMRC Official interest rate
-
298,937
-
298,937
The directors loan was repaid on 13 October 2023.
9. Average number of persons employed
During the year the average number of employees was 5 (2023 : 5)
5 of 5