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DIAMOND FROG LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






DIAMOND FROG LIMITED (REGISTERED NUMBER: 06726775)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIAMOND FROG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs L Huddleston
J W Huddleston





REGISTERED OFFICE: Station Hotel
122 Harecroft
Wilsden
Bradford
West Yorkshire
BD15 0BP





REGISTERED NUMBER: 06726775 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

DIAMOND FROG LIMITED (REGISTERED NUMBER: 06726775)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,298 2,048

CURRENT ASSETS
Stocks 5,454 5,750
Debtors 5 4,239 5,025
Cash at bank and in hand 3,648 4,160
13,341 14,935
CREDITORS
Amounts falling due within one year 6 13,062 16,313
NET CURRENT ASSETS/(LIABILITIES) 279 (1,378 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,577 670

PROVISIONS FOR LIABILITIES 7 437 389
NET ASSETS 2,140 281

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,040 181
SHAREHOLDERS' FUNDS 2,140 281

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.

DIAMOND FROG LIMITED (REGISTERED NUMBER: 06726775)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





Mrs L Huddleston - Director


DIAMOND FROG LIMITED (REGISTERED NUMBER: 06726775)

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


1. STATUTORY INFORMATION

Diamond Frog 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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.

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 - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred 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 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.

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.

DIAMOND FROG LIMITED (REGISTERED NUMBER: 06726775)

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


3. EMPLOYEES AND DIRECTORS

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 November 2023 10,618 - 10,618
Additions - 836 836
At 31 October 2024 10,618 836 11,454
DEPRECIATION
At 1 November 2023 8,570 - 8,570
Charge for year 308 278 586
At 31 October 2024 8,878 278 9,156
NET BOOK VALUE
At 31 October 2024 1,740 558 2,298
At 31 October 2023 2,048 - 2,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 4,008 4,745
Prepayments 231 280
4,239 5,025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 818 961
Tax 623 842
Social security and other taxes 112 -
VAT 2,064 1,772
Directors' current accounts 6,812 10,164
Accrued expenses 2,633 2,574
13,062 16,313

Loans from directors are interest free and repayable on demand.

DIAMOND FROG LIMITED (REGISTERED NUMBER: 06726775)

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


7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 437 389

Deferred
tax
£   
Balance at 1 November 2023 389
Accelerated capital allowances 48
Balance at 31 October 2024 437

The entire provision of deferred tax is relating to accelerated capital allowances.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary 1 100 100

9. ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company.