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REGISTERED NUMBER: 08302610












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

DIVERSE ELECTRICAL & AUDIO LTD.

DIVERSE ELECTRICAL & AUDIO LTD. (REGISTERED NUMBER: 08302610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIVERSE ELECTRICAL & AUDIO LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024












REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 08302610





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

DIVERSE ELECTRICAL & AUDIO LTD. (REGISTERED NUMBER: 08302610)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks - 963
Debtors 5 3,909 2,371
Cash at bank 422 3,192
4,331 6,526
CREDITORS
Amounts falling due within one year 6 4,302 6,482
NET CURRENT ASSETS 29 44
TOTAL ASSETS LESS CURRENT
LIABILITIES

29

44

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 28 43
SHAREHOLDERS' FUNDS 29 44

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





A Crafts - Director


DIVERSE ELECTRICAL & AUDIO LTD. (REGISTERED NUMBER: 08302610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Diverse Electrical & Audio LTD. is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on 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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

DIVERSE ELECTRICAL & AUDIO LTD. (REGISTERED NUMBER: 08302610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 6 April 2023 1,224
Disposals 1,224
At 5 April 2024 2,448
DEPRECIATION
At 6 April 2023 1,224
Eliminated on disposal 1,224
At 5 April 2024 2,448
NET BOOK VALUE
At 5 April 2024 -
At 5 April 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 3,909 2,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,071 4,143
Social security and other taxes 431 569
Accrued expenses 1,800 1,770
4,302 6,482

7. CALLED UP SHARE CAPITAL

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

8. RESERVES
Retained
earnings
£   

At 6 April 2023 43
Profit for the year 8,785
Dividends (8,800 )
At 5 April 2024 28