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REGISTERED NUMBER: 03883483 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

DIAMOND DIRECT MAILING LIMITED

DIAMOND DIRECT MAILING LIMITED (REGISTERED NUMBER: 03883483)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIAMOND DIRECT MAILING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: N C Diamond
Mrs S Diamond





SECRETARY: Mrs S Diamond





REGISTERED OFFICE: 5 Lordswood Grange
Pudsey
Leeds
LS28 8FA





REGISTERED NUMBER: 03883483 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

DIAMOND DIRECT MAILING LIMITED (REGISTERED NUMBER: 03883483)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 6,553 579
Cash at bank and in hand 611 3,995
7,164 4,574
CREDITORS
Amounts falling due within one year 6 21,186 21,833
NET CURRENT LIABILITIES (14,022 ) (17,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,022

)

(17,259

)

CREDITORS
Amounts falling due after more than one
year

7

39,753

50,236
NET LIABILITIES (53,775 ) (67,495 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (53,875 ) (67,595 )
SHAREHOLDERS' FUNDS (53,775 ) (67,495 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 3 April 2025 and were signed on its behalf by:





N C Diamond - Director


DIAMOND DIRECT MAILING LIMITED (REGISTERED NUMBER: 03883483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Diamond Direct Mailing Limited is a private company, limited by shares , registered in England and Wales. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the creditors. The director confirms that support will continue.

Turnover
Turnover is a representation of commission charged for the use of it's clients and is recognised when work is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, was being amortised evenly over its estimated useful life of twenty years until 31 October 2015. With effect from 1 November 2015, this accounting estimate has been reviewed and reduced to 5 years from acquisition, in accordance with financial reporting standard 102.

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.

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 2 (2023 - 2 ) .

DIAMOND DIRECT MAILING LIMITED (REGISTERED NUMBER: 03883483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 20,575
AMORTISATION
At 1 November 2023
and 31 October 2024 20,575
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 503 230
PAYE - 35
Deferred tax asset
Trading losses 5,732 -
Prepayments 318 314
6,553 579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,484 10,484
Tax - 4
Credit card 6,586 8,986
Capital on tap 1,347 1,048
Directors' current accounts 1,790 164
Accrued expenses 979 1,147
21,186 21,833

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,484 10,484
Bank loans - 2-5 years 25,794 30,320
Bank loans more 5 yr by instal 3,475 9,432
39,753 50,236

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,475 9,432

DIAMOND DIRECT MAILING LIMITED (REGISTERED NUMBER: 03883483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. DEFERRED TAX
£   
Provided during year (5,732 )
Balance at 31 October 2024 (5,732 )