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DIAMOND CONSULTANCY SERVICES LTD

Registered Number
14507979
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

DIAMOND CONSULTANCY SERVICES LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

Mr J Diamond
Miss H Hubbard

Registered Address

61 Sweet Briar Crescent
Newquay
TR7 2JP

Registered Number

14507979 (England and Wales)
DIAMOND CONSULTANCY SERVICES LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets324,66216,586
24,66216,586
Current assets
Debtors14,8749,299
Cash at bank and on hand4,92410,965
19,79820,264
Creditors amounts falling due within one year4(25,868)(19,679)
Net current assets (liabilities)(6,070)585
Total assets less current liabilities18,59217,171
Creditors amounts falling due after one year5(6,438)-
Provisions for liabilities7(1,939)(225)
Net assets10,21516,946
Capital and reserves
Called up share capital1001
Profit and loss account10,11516,945
Shareholders' funds10,21516,946
The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2025, and are signed on its behalf by:
Mr J Diamond
Director
Registered Company No. 14507979
DIAMOND CONSULTANCY SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20252024
Average number of employees during the year21
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 April 2415,4021,551-16,953
Additions3405689,39810,306
At 31 March 2515,7422,1199,39827,259
Depreciation and impairment
At 01 April 24-367-367
Charge for year-3501,8802,230
At 31 March 25-7171,8802,597
Net book value
At 31 March 2515,7421,4027,51824,662
At 31 March 2415,4021,184-16,586
4.Creditors: amounts due within one year

2025

2024

££
Taxation and social security24,61218,967
Finance lease and HP contracts1,256-
Other creditors-712
Total25,86819,679
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.
5.Creditors: amounts due after one year

2025

2024

££
Other creditors6,438-
Total6,438-
6.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts6,438-
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)1,939225
Total1,939225