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REGISTERED NUMBER: 04104009 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ENGINEERING DIAMONDS LIMITED

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)






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


ENGINEERING DIAMONDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: R D Laing





REGISTERED OFFICE: Bodmin Road
Wyken
Coventry
CV2 5DB





REGISTERED NUMBER: 04104009 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants & Registered Auditors
Empress House
43a Binley Road
Coventry
CV3 1HU

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224,173 212,701

CURRENT ASSETS
Stocks 5 15,700 5,710
Debtors 6 430,141 321,674
Cash at bank 1,217,391 1,083,230
1,663,232 1,410,614
CREDITORS
Amounts falling due within one year 7 243,393 229,994
NET CURRENT ASSETS 1,419,839 1,180,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,644,012

1,393,321

CREDITORS
Amounts falling due after more than one
year

8

(59,792

)

(456

)

PROVISIONS FOR LIABILITIES (36,373 ) (28,779 )
NET ASSETS 1,547,847 1,364,086

CAPITAL AND RESERVES
Called up share capital 10 25 25
Revaluation reserve 11 10,217 12,671
Capital redemption reserve 307 307
Retained earnings 1,537,298 1,351,083
SHAREHOLDERS' FUNDS 1,547,847 1,364,086

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 director acknowledges his 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.

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





R D Laing - Director


ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

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

1. STATUTORY INFORMATION

Engineering Diamonds 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of goods and services, excluding value added tax. Turnover is recognised in the accounting period in which the goods are supplied or the service is carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Office equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rates of exchange at the transaction date. Any subsequent exchange difference is taken to the profit and loss account.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 November 2023 377,694 1,294,436 12,187
Additions - - -
Disposals - - -
At 31 October 2024 377,694 1,294,436 12,187
DEPRECIATION
At 1 November 2023 296,815 1,183,037 11,937
Charge for year 15,108 16,699 38
Eliminated on disposal - - -
At 31 October 2024 311,923 1,199,736 11,975
NET BOOK VALUE
At 31 October 2024 65,771 94,700 212
At 31 October 2023 80,879 111,399 250

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 83,886 24,463 1,792,666
Additions 83,950 - 83,950
Disposals (71,891 ) - (71,891 )
At 31 October 2024 95,945 24,463 1,804,725
DEPRECIATION
At 1 November 2023 64,416 23,760 1,579,965
Charge for year 20,988 175 53,008
Eliminated on disposal (52,421 ) - (52,421 )
At 31 October 2024 32,983 23,935 1,580,552
NET BOOK VALUE
At 31 October 2024 62,962 528 224,173
At 31 October 2023 19,470 703 212,701

Cost or valuation at 31 October 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2003 37,667 1,294,436 12,187
Cost 340,027 - -
377,694 1,294,436 12,187

Motor Office
vehicles equipment Totals
£    £    £   
Valuation in 2003 95,945 24,463 1,464,698
Cost - - 340,027
95,945 24,463 1,804,725

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 340,027 340,027
Aggregate depreciation 304,202 290,601

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 November 2023 71,891
Additions 83,950
Disposals (71,891 )
At 31 October 2024 83,950
DEPRECIATION
At 1 November 2023 52,421
Charge for year 20,988
Eliminated on disposal (52,421 )
At 31 October 2024 20,988
NET BOOK VALUE
At 31 October 2024 62,962
At 31 October 2023 19,470

5. STOCKS
2024 2023
£    £   
Raw materials 5,500 5,500
Work-in-progress 10,200 210
15,700 5,710

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 254,394 206,959
Other debtors 175,747 114,715
430,141 321,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,829 33,910
Trade creditors 86,617 63,135
Taxation and social security 119,593 111,154
Other creditors 27,354 21,795
243,393 229,994

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 59,404 -
Other creditors 388 456
59,792 456

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase (1,295 ) -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 69,233 33,910

The company's bankers have a fixed charge over the company's freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary £1 25 25

11. RESERVES
Revaluation
reserve
£   
At 1 November 2023 12,671
Transfer (2,454 )

At 31 October 2024 10,217

ENGINEERING DIAMONDS LIMITED (REGISTERED NUMBER: 04104009)

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

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
R D Laing
Balance outstanding at start of year 91,874 952,317
Amounts advanced 153,473 139,557
Amounts repaid (92,000 ) (1,000,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 153,347 91,874

The loan is interest free and repayable on demand.