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REGISTERED NUMBER: 13841607 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DIVERSITY STUDY GROUP LTD

DIVERSITY STUDY GROUP LTD (REGISTERED NUMBER: 13841607)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


DIVERSITY STUDY GROUP LTD (REGISTERED NUMBER: 13841607)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,736 1,594

CURRENT ASSETS
Debtors 5 52,077 7,161
Cash at bank 17,690 15,544
69,767 22,705
CREDITORS
Amounts falling due within one year 6 70,859 31,859
NET CURRENT LIABILITIES (1,092 ) (9,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

644

(7,560

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 643 (7,561 )
644 (7,560 )

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

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

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





H R Heseltine - Director


DIVERSITY STUDY GROUP LTD (REGISTERED NUMBER: 13841607)

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


1. STATUTORY INFORMATION

Diversity Study Group Ltd 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: 13841607

Registered office: 3 Buckle Drive
Seaford
BN25 2QH

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

Turnover, relating to management consultancy services, is recognised to the period in which the performance obligations are satisfied, with accrued and deferred income being recognised where appropriate.

Delivery of service
Turnover in respect of fees for the delivery of workshops and programmes is recognised upon completion of contracted performance obligations.

Membership fees
Turnover in the respect of memberships for consultancy services is recognised on a straight line basis over the membership period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payments within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

DIVERSITY STUDY GROUP LTD (REGISTERED NUMBER: 13841607)

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


2. ACCOUNTING POLICIES - continued

Going concern
The director has confirmed she will continue to support the company so it is able to fulfil its obligations as they fall due. Therefore, the director believes that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. The director has concluded that the going concern basis of preparation of these financial statements remains appropriate.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 1,224 608 1,832
Additions 97 1,028 1,125
Disposals (127 ) - (127 )
At 30 June 2024 1,194 1,636 2,830
DEPRECIATION
At 1 July 2023 83 155 238
Charge for year 310 546 856
At 30 June 2024 393 701 1,094
NET BOOK VALUE
At 30 June 2024 801 935 1,736
At 30 June 2023 1,141 453 1,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,250 1,000
Other debtors 45,827 6,161
52,077 7,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 702
Taxation and social security 9,651 -
Other creditors 61,208 31,157
70,859 31,859

Included within other creditors at the year end are £23,648 (2023: £4,488) due to a company under common control. These amounts are interest free and repayable upon demand.

DIVERSITY STUDY GROUP LTD (REGISTERED NUMBER: 13841607)

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


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

2024 2023
£    £   
H R Heseltine
Balance outstanding at start of year 3,000 -
Amounts advanced 49,000 3,000
Amounts repaid (43,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,500 3,000