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REGISTERED NUMBER: 03513382 (England and Wales)












DIAGONAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






DIAGONAL SERVICES LIMITED (REGISTERED NUMBER: 03513382)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DIAGONAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R C Exton



REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR



REGISTERED NUMBER: 03513382 (England and Wales)



BANKERS: Lloyds TSB Bank plc
44-45 The Broadway
Ealing
London
W5 5JU

DIAGONAL SERVICES LIMITED (REGISTERED NUMBER: 03513382)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 1,705 2,657

CURRENT ASSETS
Debtors 5 93 480
Cash at bank 40 4,002
133 4,482
CREDITORS
Amounts falling due within one year 6 (63,301 ) (69,210 )
NET CURRENT LIABILITIES (63,168 ) (64,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,463

)

(62,071

)

CREDITORS
Amounts falling due after more than one
year

7

(18,725

)

(23,565

)
NET LIABILITIES (80,188 ) (85,636 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (80,189 ) (85,637 )
SHAREHOLDERS' FUNDS (80,188 ) (85,636 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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.

DIAGONAL SERVICES LIMITED (REGISTERED NUMBER: 03513382)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024



The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





R C Exton - Director


DIAGONAL SERVICES LIMITED (REGISTERED NUMBER: 03513382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Diagonal 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern
At the balance sheet date the company has net liabilities, and is dependent upon the support of its director to continue trading. The director have indicated that their support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 20% Reducing balance
Fixtures and fittings - 20% Reducing balance
Computer equipment - Straight line over 3 years

DIAGONAL SERVICES LIMITED (REGISTERED NUMBER: 03513382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 May 2023
and 30 April 2024 348 3,946 27,451 31,745
DEPRECIATION
At 1 May 2023 302 3,142 25,644 29,088
Charge for year 46 198 708 952
At 30 April 2024 348 3,340 26,352 30,040
NET BOOK VALUE
At 30 April 2024 - 606 1,099 1,705
At 30 April 2023 46 804 1,807 2,657

DIAGONAL SERVICES LIMITED (REGISTERED NUMBER: 03513382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 93 480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 25,879 33,316
Trade creditors 126 18
Taxation and social security - 7,553
Other creditors 37,296 28,323
63,301 69,210

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 18,725 23,565