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REGISTERED NUMBER: 06592263 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Diamond IT Services Limited

Diamond IT Services Limited (Registered number: 06592263)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Diamond IT Services Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: R S Boyle-Ames





REGISTERED OFFICE: Armoury House
24 Lexden Road
Colchester
Essex
CO3 3NH





REGISTERED NUMBER: 06592263 (England and Wales)





ACCOUNTANTS: Warner & Co Accountants Limited
First Floor Extension
Widbury Barns
Widbury Hill
Ware
Hertfordshire
SG12 7QE

Diamond IT Services Limited (Registered number: 06592263)

Abridged Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645 1,785

CURRENT ASSETS
Debtors 194,838 129,283
Cash at bank 163,321 211,068
358,159 340,351
CREDITORS
Amounts falling due within one year 57,565 95,912
NET CURRENT ASSETS 300,594 244,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,239

246,224

CREDITORS
Amounts falling due after more than one
year

5

28,705

32,109
NET ASSETS 272,534 214,115

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,434 214,015
SHAREHOLDERS' FUNDS 272,534 214,115

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

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

The director acknowledges his 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.

Diamond IT Services Limited (Registered number: 06592263)

Abridged Balance Sheet - continued
31st 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 Income Statement and an abridged Balance Sheet for the year ended 31st 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 23rd October 2024 and were signed by:





R S Boyle-Ames - Director


Diamond IT Services Limited (Registered number: 06592263)

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

1. STATUTORY INFORMATION

Diamond IT Services Limited 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023 15,059
Additions 807
At 31st May 2024 15,866
DEPRECIATION
At 1st June 2023 13,274
Charge for year 1,947
At 31st May 2024 15,221
NET BOOK VALUE
At 31st May 2024 645
At 31st May 2023 1,785

Diamond IT Services Limited (Registered number: 06592263)

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

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.5.24 31.5.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 6,482 1,284

6. OTHER FINANCIAL COMMITMENTS

The company committed to liabilities of £29,944 at the year end 31st May 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

31.5.24 31.5.23
£    £   
R S Boyle-Ames
Balance outstanding at start of year 33,272 32,447
Amounts advanced 8,038 825
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,310 33,272