Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05105998 Mr Michael De Beer Mr Michael De Beer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05105998 2023-02-28 05105998 2024-02-29 05105998 2023-03-01 2024-02-29 05105998 frs-core:Non-currentFinancialInstruments 2024-02-29 05105998 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05105998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05105998 frs-core:MotorVehicles 2023-03-01 2024-02-29 05105998 frs-core:ShareCapital 2024-02-29 05105998 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05105998 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05105998 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 05105998 frs-bus:SmallEntities 2023-03-01 2024-02-29 05105998 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05105998 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05105998 frs-bus:Director1 2023-03-01 2024-02-29 05105998 frs-bus:Director1 2023-02-28 05105998 frs-bus:Director1 2024-02-29 05105998 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 05105998 frs-countries:EnglandWales 2023-03-01 2024-02-29 05105998 2022-02-28 05105998 2023-02-28 05105998 2022-03-01 2023-02-28 05105998 frs-core:Non-currentFinancialInstruments 2023-02-28 05105998 frs-core:ShareCapital 2023-02-28 05105998 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05105998
Diamond Plumb Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
M W Accounting Ltd
Unit 5 Basepoint
Caxton Close
Andover
Hampshire
SP10 3FG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05105998
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 180,552 180,792
180,552 180,792
CURRENT ASSETS
Stocks 2,750 2,750
Debtors 129,947 132,686
Cash at bank and in hand 13,172 43,455
145,869 178,891
Creditors: Amounts Falling Due Within One Year (12,600 ) (24,840 )
NET CURRENT ASSETS (LIABILITIES) 133,269 154,051
TOTAL ASSETS LESS CURRENT LIABILITIES 313,821 334,843
Creditors: Amounts Falling Due After More Than One Year (10,226 ) (11,369 )
NET ASSETS 303,595 323,474
CAPITAL AND RESERVES
Called up share capital 5 10 10
Profit and Loss Account 303,585 323,464
SHAREHOLDERS' FUNDS 303,595 323,474
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael De Beer
Director
22 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Diamond Plumb Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05105998 . The registered office is 28 Wimbledon Park Road, London, SW18 1LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 224,597
Additions 19,388
Disposals (13,523 )
As at 29 February 2024 230,462
...CONTINUED
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Page 4
Depreciation
As at 1 March 2023 43,805
Provided during the period 13,923
Disposals (7,818 )
As at 29 February 2024 49,910
Net Book Value
As at 29 February 2024 180,552
As at 1 March 2023 180,792
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Michael De Beer 91,327 - 171 - 91,156
The above loan is unsecured, interest free and repayable on demand.
Page 4