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REGISTERED NUMBER: NI601429 (Northern Ireland)












Diamond Leisure Transport Limited

Unaudited Financial Statements for the Year Ended 30 November 2024






Diamond Leisure Transport Limited (Registered number: NI601429)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Diamond Leisure Transport Limited

Company Information
for the year ended 30 November 2024







Directors: Mr S P Donnelly
Mr J F Donnelly
Mr P Rogan





Registered office: Unit 6 Curran House
Twin Spires Centre
155 Northumberland Street
Belfast
BT13 2LF





Registered number: NI601429 (Northern Ireland)





Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ

Diamond Leisure Transport Limited (Registered number: NI601429)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 549,841 500,244
549,841 500,244

Current assets
Debtors 6 105,280 74,119
Cash at bank 116,386 308,216
221,666 382,335
Creditors
Amounts falling due within one year 7 (120,313 ) (434,110 )
Net current assets/(liabilities) 101,353 (51,775 )
Total assets less current liabilities 651,194 448,469

Creditors
Amounts falling due after more than one
year

8

(314,665

)

(88,451

)
Net assets 336,529 360,018

Capital and reserves
Called up share capital 150 150
Share premium 40,545 40,545
Retained earnings 295,834 319,323
Shareholders' funds 336,529 360,018

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Leisure Transport Limited (Registered number: NI601429)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:




Mr S P Donnelly - Director Mr J F Donnelly - Director




Mr P Rogan - Director


Diamond Leisure Transport Limited (Registered number: NI601429)

Notes to the Financial Statements
for the year ended 30 November 2024

1. Statutory information

Diamond Leisure Transport Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 15% Straight line
Plant and machinery - 20% Reducing balance
Motor vehicles - 15% Reducing balance
Computer equipment - 20% 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 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.

Diamond Leisure Transport Limited (Registered number: NI601429)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 21 (2023 - 11 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 December 2023
and 30 November 2024 136,000
Amortisation
At 1 December 2023
and 30 November 2024 136,000
Net book value
At 30 November 2024 -
At 30 November 2023 -

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 December 2023 60,000 761,421 821,421
Additions - 154,817 154,817
At 30 November 2024 60,000 916,238 976,238
Depreciation
At 1 December 2023 45,000 276,177 321,177
Charge for year 9,000 96,220 105,220
At 30 November 2024 54,000 372,397 426,397
Net book value
At 30 November 2024 6,000 543,841 549,841
At 30 November 2023 15,000 485,244 500,244

Diamond Leisure Transport Limited (Registered number: NI601429)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 105,280 74,119

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 6,183 6,030
Hire purchase contracts 65,007 15,143
Trade creditors 2,880 271,900
Taxation and social security 33,204 45,228
Other creditors 13,039 95,809
120,313 434,110

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 29,020 35,203
Hire purchase contracts 285,645 53,248
314,665 88,451

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 350,652 68,391

Hire purchase contracts are secured on the assets to which the relate.