2023-02-012024-01-312024-01-31false09387938DIVERSIFYING GROUP 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DIVERSIFYING GROUP LTD

Registered Number
09387938
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

DIVERSIFYING GROUP LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Cynthia Davis

Registered Address

Dawson House
5 Jewry Street
London
EC3N 2EX

Registered Number

09387938 (England and Wales)
DIVERSIFYING GROUP LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets35,2188,697
Tangible assets43,1195,296
8,33713,993
Current assets
Debtors555,792305,600
Cash at bank and on hand33,622238,660
89,414544,260
Creditors amounts falling due within one year6(251,346)(250,276)
Net current assets (liabilities)(161,932)293,984
Total assets less current liabilities(153,595)307,977
Creditors amounts falling due after one year7(214,314)(274,981)
Net assets(367,909)32,996
Capital and reserves
Called up share capital100100
Profit and loss account(368,009)32,896
Shareholders' funds(367,909)32,996
The financial statements were approved and authorised for issue by the Director on 28 October 2024, and are signed on its behalf by:
Cynthia Davis
Director
Registered Company No. 09387938
DIVERSIFYING GROUP LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are non-physical assets that have a theoretical value to a business. They are often related to things like intellectual property and goodwill.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery2
Office Equipment2
2.Average number of employees

20242023
Average number of employees during the year2124
3.Intangible assets

Total

£
Cost or valuation
At 01 February 238,697
At 31 January 248,697
Amortisation and impairment
Charge for year3,479
At 31 January 243,479
Net book value
At 31 January 245,218
At 31 January 238,697
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 2315,859
Additions1,723
At 31 January 2417,582
Depreciation and impairment
At 01 February 2310,563
Charge for year3,900
At 31 January 2414,464
Net book value
At 31 January 243,119
At 31 January 235,296
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables54,839295,131
Other debtors-5,596
Prepayments and accrued income9534,873
Total55,792305,600
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,10371,057
Amounts owed to related parties3,4964
Taxation and social security117,286147,836
Other creditors127,46131,379
Total251,346250,276
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts214,314274,981
Total214,314274,981