Registered number
13801817
Diligent Treasure Consultant Limited
Filleted Accounts
31 December 2024
Diligent Treasure Consultant Limited
Registered number: 13801817
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,976 730
Current assets
Debtors 4 44,802 15,309
Cash at bank and in hand 1,011 12,886
45,813 28,195
Creditors: amounts falling due within one year 5 (14,728) (11,198)
Net current assets 31,085 16,997
Net assets 33,061 17,727
Capital and reserves
Called up share capital 1 1
Profit and loss account 33,060 17,726
Shareholder's funds 33,061 17,727
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
KT Chan
Director
Approved by the board on 19 June 2025
Diligent Treasure Consultant Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 1,299
Additions 1,905
At 31 December 2024 3,204
Depreciation
At 1 January 2024 569
Charge for the year 659
At 31 December 2024 1,228
Net book value
At 31 December 2024 1,976
At 31 December 2023 730
4 Debtors 2024 2023
£ £
Other debtors 44,802 15,309
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,538 950
Taxation and social security costs 6,190 10,248
14,728 11,198
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
KT Chan
Loan is unsecure and interest free 2,977 42,852 (2,977) 42,852
2,977 42,852 (2,977) 42,852
7 Related party transactions
Management fee of £32,700 (2023:£20,400) is paid to Blueblood Limited. A company that is wholly controlled by KT Chan (director). Included in other directors is an amount of £42,852 due from KT Chan (director). The loan in unsecure and interest free.
8 Controlling party
The controlling party is KT Chan by virtue of her 100% ownership of the issued share capital.
9 Other information
Diligent Treasure Consultant Limited is a private company limited by shares and incorporated in England. Its registered office is:
Preston Park House
South Road
Brighton, East Sussex
United Kingdom
BN1 6SB
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