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REGISTERED NUMBER: 02870498 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Diamond Travel Services Limited

Diamond Travel Services Limited (Registered number: 02870498)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Diamond Travel Services Limited (Registered number: 02870498)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 732 861

CURRENT ASSETS
Debtors 5 46,323 77,965
Cash at bank 86,011 155,532
132,334 233,497
CREDITORS
Amounts falling due within one year 6 108,911 129,304
NET CURRENT ASSETS 23,423 104,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,155

105,054

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Capital redemption reserve (17,500 ) -
Retained earnings 16,655 80,054
SHAREHOLDERS' FUNDS 24,155 105,054

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 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.

Diamond Travel Services Limited (Registered number: 02870498)

Statement of Financial Position - continued
31 March 2024


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 30 January 2025 and were signed by:





Mr Sukhvir Singh Manku - Director


Diamond Travel Services Limited (Registered number: 02870498)

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

1. STATUTORY INFORMATION

Diamond Travel Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02870498

Registered office: 24 New Broadway
Ealing
London
W5 2XA

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


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Diamond Travel Services Limited (Registered number: 02870498)

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

2. ACCOUNTING POLICIES - continued

Going concern
Although the company remains solvent and generally strong, it must be acknowledged that due to Covid-19 there is a significant economic uncertainty surrounding the travel industry, however the Directors believe that this will not effect the Company's ability to continue as a Going Concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 11,328
DEPRECIATION
At 1 April 2023 10,467
Charge for year 129
At 31 March 2024 10,596
NET BOOK VALUE
At 31 March 2024 732
At 31 March 2023 861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 39,375 70,873
Other debtors 6,948 7,092
46,323 77,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 25,996 76,450
Taxation and social security 1,860 2,307
Other creditors 81,055 50,547
108,911 129,304