DIAMOND PRINT AND MAIL CENTRE C.I.C.

Company limited by guarantee

Company Registration Number:
07754082 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The principal activities were printing and posting literature.



Directors

The director shown below has held office during the whole of the period from
1 September 2023 to 31 August 2024

David Hewlett


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 June 2025

And signed on behalf of the board by:
Name: David Hewlett
Status: Director

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 4,385 3,113
Cost of sales: ( 3,355 ) ( 2,775 )
Gross profit(or loss): 1,030 338
Administrative expenses: ( 1,274 ) ( 1,190 )
Operating profit(or loss): (244) (852)
Interest receivable and similar income: 2
Interest payable and similar charges: ( 115 ) ( 63 )
Profit(or loss) before tax: (357) (915)
Profit(or loss) for the financial year: (357) (915)

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 106
Cash at bank and in hand: 57 720
Total current assets: 57 826
Creditors: amounts falling due within one year: 4 ( 27,559 ) ( 28,146 )
Net current assets (liabilities): (27,502) (27,320)
Total assets less current liabilities: (27,502) ( 27,320)
Creditors: amounts falling due after more than one year: 5 ( 2,225 ) ( 2,050 )
Total net assets (liabilities): (29,727) (29,370)
Members' funds
Profit and loss account: (29,727) ( 29,370)
Total members' funds: ( 29,727) (29,370)

The notes form part of these financial statements

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 June 2025
and signed on behalf of the board by:

Name: David Hewlett
Status: Director

The notes form part of these financial statements

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

    Other accounting policies

    Going concern The company is reliant upon loans introduced by the director in order to continue as a going concern. The director has indicated he will not seek repayment of the loans owed to him until the company is more financially stable. Operating leases: the company as a lessee Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term. Finance costs Finance costs are charged to the profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Borrowing costs All borrowing costs are recognised in the profit or loss in the year in which they are incurred. Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments tat mature in no more than 3 months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Financial instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Trade debtors 106
Total   106

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 300 600
Trade creditors 108 315
Taxation and social security 130 335
Accruals and deferred income 440 440
Other creditors 26,581 26,456
Total 27,559 28,146

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 2,225 2,050
Total 2,225 2,050

COMMUNITY INTEREST ANNUAL REPORT

DIAMOND PRINT AND MAIL CENTRE C.I.C.

Company Number: 07754082 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The activities carried out were the provision of printing and posting literature designed to benefit the community and in particular (without limitation) disadvantaged young people between 16 and 24 in the South East Hampshire area,

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 June 2025

And signed on behalf of the board by:
Name: David Hewlett
Status: Director