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REGISTERED NUMBER: 11631836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Diadem GRP Limited

Diadem GRP Limited (Registered number: 11631836)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Diadem GRP Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D Hoyle
Mr D M Wildman





REGISTERED OFFICE: Unit 22 Mitchells Industrial Park
Wombwell
Barnsley
South Yorkshire
S73 8HR





REGISTERED NUMBER: 11631836 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Diadem GRP Limited (Registered number: 11631836)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - 1,000
Tangible assets 6 34,545 37,562
34,545 38,562

CURRENT ASSETS
Stocks 182,891 180,702
Debtors 7 305,605 377,321
Cash at bank 9,214 4,272
497,710 562,295
CREDITORS
Amounts falling due within one year 8 (502,503 ) (493,838 )
NET CURRENT (LIABILITIES)/ASSETS (4,793 ) 68,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,752

107,019

CREDITORS
Amounts falling due after more than one
year

9

(20,109

)

(35,573

)

PROVISIONS FOR LIABILITIES (6,009 ) (8,641 )
NET ASSETS 3,634 62,805

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,534 62,705
SHAREHOLDERS' FUNDS 3,634 62,805

Diadem GRP Limited (Registered number: 11631836)

Balance Sheet - continued
31 March 2024


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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr D M Wildman - Director


Diadem GRP Limited (Registered number: 11631836)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Diadem GRP 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Diadem GRP Limited (Registered number: 11631836)

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

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023 4,000
Amortisation for year 1,000
At 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,000

Diadem GRP Limited (Registered number: 11631836)

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

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 20,949 42,195 63,144
Additions 3,350 - 3,350
At 31 March 2024 24,299 42,195 66,494
DEPRECIATION
At 1 April 2023 10,720 14,862 25,582
Charge for year 1,534 4,833 6,367
At 31 March 2024 12,254 19,695 31,949
NET BOOK VALUE
At 31 March 2024 12,045 22,500 34,545
At 31 March 2023 10,229 27,333 37,562

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 281,710 344,233
Other debtors 23,895 33,088
305,605 377,321

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 264,480 304,104
Hire purchase contracts 6,906 8,557
Trade creditors 95,553 99,769
Taxation and social security 123,222 67,200
Other creditors 12,342 14,208
502,503 493,838

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,400 25,075
Hire purchase contracts 6,709 10,498
20,109 35,573

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100