0 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI636012 2023-02-01 2024-01-31 NI636012 2024-01-31 NI636012 2023-01-31 NI636012 2022-02-01 2023-01-31 NI636012 2023-01-31 NI636012 2022-01-31 NI636012 bus:Director1 2023-02-01 2024-01-31 NI636012 core:WithinOneYear 2024-01-31 NI636012 core:WithinOneYear 2023-01-31 NI636012 bus:Director1 2023-01-31 NI636012 bus:Director1 2024-01-31 NI636012 bus:Director1 2022-01-31 NI636012 bus:Director1 2023-01-31 NI636012 bus:Director1 2022-02-01 2023-01-31 NI636012 bus:Micro-entities 2023-02-01 2024-01-31 NI636012 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 NI636012 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI636012 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI636012 bus:FullAccounts 2023-02-01 2024-01-31
Company registration number: NI636012
iDiamond Ltd
Unaudited filleted financial statements
31 January 2024
iDiamond Ltd
Contents
Statement of financial position and notes to the financial statements
iDiamond Ltd
Statement of financial position
31 January 2024
2024 2023
£ £
Fixed assets 1,532 2,043
_______ _______
Current assets 963 354
Creditors: amounts falling due within one year ( 25,582) ( 14,582)
_______ _______
Net current liabilities ( 24,619) ( 14,228)
_______ _______
Total assets less current liabilities ( 23,087) ( 12,185)
Accruals and deferred income ( 1,680) ( 840)
_______ _______
Net liabilities ( 24,767) ( 13,025)
_______ _______
Capital and reserves ( 24,767) ( 13,025)
_______ _______
Notes to the financial statements
iDiamond Ltd
Year ended 31 January 2024
1. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Peter McLaughlin ( 14,582) ( 10,000) ( 24,582)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Peter McLaughlin ( 5,572) ( 9,010) ( 14,582)
_______ _______ _______
2. Basis of preparation
The financial statements have been prepared on the historical cost basis. At the year end there is a deficit in the capital and reserves. The director has prepared the accounts on the going concern basis having obtained confirmation that the company will not be required to repay the director's loan until the company returns a profit and there is sufficient cashflow to facilitate payment.
3. Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affect both current and future periods.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 23 October 2024 , and are signed on behalf of the board by:
Mr Peter McLaughlin
Director
Company registration number: NI636012
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is iDiamond Ltd ., 189 Barleyfields, Londonderry, Co Londonderry, BT48 8TQ.