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REGISTERED NUMBER: 08239458 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

DIAMONDS & DIAMONDS LTD

DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIAMONDS & DIAMONDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: K Aswani





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 08239458 (England and Wales)






DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,864 3,277

CURRENT ASSETS
Stocks 187,328 253,050
Debtors 5 78,767 92,072
Cash at bank 679 7,421
266,774 352,543
CREDITORS
Amounts falling due within one year 6 191,602 141,019
NET CURRENT ASSETS 75,172 211,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,036

214,801

CREDITORS
Amounts falling due after more than one year 7 345,957 448,220
NET LIABILITIES (267,921 ) (233,419 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (267,922 ) (233,420 )
SHAREHOLDERS' FUNDS (267,921 ) (233,419 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

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 director and authorised for issue on 30th October 2024 and were signed by:





K Aswani - Director


DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Diamonds & Diamonds Ltd 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 - 20% 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.

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 14,559
Additions 296
At 31st October 2023 14,855
DEPRECIATION
At 1st November 2022 11,282
Charge for year 709
At 31st October 2023 11,991
NET BOOK VALUE
At 31st October 2023 2,864
At 31st October 2022 3,277

DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 67,466 92,072
Other debtors 11,301 -
78,767 92,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,700 9,700
Trade creditors 75,531 35,045
Taxation and social security - 67,142
Other creditors 106,371 29,132
191,602 141,019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,400 29,100
Other creditors 326,557 419,120
345,957 448,220

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1.00 1 1

9. RELATED PARTY DISCLOSURES

Loans payable to related parties at the year end amounted to £303,148 (2022: £396,116).

10. ULTIMATE CONTROLLING PARTY

The controlling party is K Aswani.