Registered number
10712058
Diamond Courier Services Ltd
Filleted Accounts
30 April 2024
Diamond Courier Services Ltd
Registered number: 10712058
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,585 3,501
Current assets
Debtors 4 3,073 6,399
Cash at bank and in hand 3,819 9,426
6,892 15,825
Creditors: amounts falling due within one year 5 (159) (15,552)
Net current assets 6,733 273
Total assets less current liabilities 17,318 3,774
Creditors: amounts falling due after more than one year 6 72 72
Net assets 17,390 3,846
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,290 3,746
Shareholders' funds 17,390 3,846
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Maher
Director
Approved by the board on 20 January 2025
Diamond Courier Services Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 1,864 4,808 6,672
Additions - 7,084 7,084
At 30 April 2024 1,864 11,892 13,756
Depreciation
At 1 May 2023 671 2,500 3,171
At 30 April 2024 671 2,500 3,171
Net book value
At 30 April 2024 1,193 9,392 10,585
At 30 April 2023 1,193 2,308 3,501
4 Debtors 2024 2023
£ £
Trade debtors 3,073 6,399
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 708 1,013
Taxation and social security costs 2,230 11,981
Other creditors (2,779) 2,558
159 15,552
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (72) (72)
7 Other information
Diamond Courier Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6 Jubilee Road
Romsey
Hampshire
SO51 8FU
Diamond Courier Services Ltd 10712058 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 J Maher No description of principal activity 10712058 2022-05-01 2023-04-30 10712058 core:WithinOneYear 2023-04-30 10712058 core:AfterOneYear 2023-04-30 10712058 core:ShareCapital 2023-04-30 10712058 core:RetainedEarningsAccumulatedLosses 2023-04-30 10712058 2023-05-01 2024-04-30 10712058 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10712058 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10712058 bus:Director40 2023-05-01 2024-04-30 10712058 1 2023-05-01 2024-04-30 10712058 2 2023-05-01 2024-04-30 10712058 core:LandBuildings 2023-05-01 2024-04-30 10712058 core:PlantMachinery 2023-05-01 2024-04-30 10712058 countries:England 2023-05-01 2024-04-30 10712058 bus:FRS102 2023-05-01 2024-04-30 10712058 bus:FilletedAccounts 2023-05-01 2024-04-30 10712058 2024-04-30 10712058 core:WithinOneYear 2024-04-30 10712058 core:AfterOneYear 2024-04-30 10712058 core:ShareCapital 2024-04-30 10712058 core:RetainedEarningsAccumulatedLosses 2024-04-30 10712058 core:LandBuildings 2024-04-30 10712058 core:PlantMachinery 2024-04-30 10712058 2023-04-30 10712058 core:LandBuildings 2023-04-30 10712058 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure