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Registered number: 06392169
Diggins & Co Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Diggins & Co Limited For The Year Ended 31 October 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Diggins & Co Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Diggins & Co Limited , as a body, in accordance with the terms of our engagement letter dated 19 May 2021. Our work has been undertaken solely to prepare for your approval the accounts of Diggins & Co Limited and state those matters that we have agreed to state to the director of Diggins & Co Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Diggins & Co Limited and its director as a body for our work or for this report.
It is your duty to ensure that Diggins & Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Diggins & Co Limited . You consider that Diggins & Co Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Diggins & Co Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
29/07/2025
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Page 1
Page 2
Statement of Financial Position
Registered number: 06392169
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,649 9,664
35,649 9,664
CURRENT ASSETS
Debtors 5 63,424 58,340
Cash at bank and in hand 13 13
63,437 58,353
Creditors: Amounts Falling Due Within One Year 6 (113,137 ) (81,627 )
NET CURRENT ASSETS (LIABILITIES) (49,700 ) (23,274 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,051 ) (13,610 )
Creditors: Amounts Falling Due After More Than One Year 7 (33,209 ) (10,217 )
NET LIABILITIES (47,260 ) (23,827 )
CAPITAL AND RESERVES
Called up share capital 10 300 300
Income Statement (47,560 ) (24,127 )
SHAREHOLDERS' FUNDS (47,260) (23,827)
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Page 3
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Darren Diggins
Director
28/07/2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Diggins & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06392169 . The registered office is 16 Heronsgate Trading Estate, Paycocke Trading Estate, Basildon, Essex, SS14 3EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The directors believe the business is a going concern due to the continuing support of its creditors.  
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 - 54,413 1,919 56,332
Additions 29,520 - 658 30,178
As at 31 October 2024 29,520 54,413 2,577 86,510
Depreciation
As at 1 November 2023 - 46,014 654 46,668
Provided during the period 1,476 2,100 617 4,193
As at 31 October 2024 1,476 48,114 1,271 50,861
Net Book Value
As at 31 October 2024 28,044 6,299 1,306 35,649
As at 1 November 2023 - 8,399 1,265 9,664
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,533 18,855
Prepayments and accrued income - 388
Other debtors 46,252 36,587
Deferred tax current asset 5,639 2,510
63,424 58,340
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,425 -
Trade creditors 588 -
Bank loans and overdrafts 17,068 19,596
Corporation tax 1,968 3,886
Other taxes and social security 60,022 52,134
Other creditors 31,066 6,011
113,137 81,627
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,242 -
Bank loans 8,967 10,217
33,209 10,217
8. Secured Creditors
Of the creditors the following amounts are secured on the asset concerned.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,667 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,425 -
Later than one year and not later than five years 24,242 -
26,667 -
26,667 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Darren Diggins 26,267 8,950 - - 35,217
The above loan is unsecured, interest free and repayable on demand.
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12. Related Party Transactions
Diggins Property Services LtdA company wholly owned by the director.Included in other creditors is £18,500 (2023: £2,000) owing to Diggins Property Services Ltd.

Diggins Property Services Ltd

A company wholly owned by the director.

Included in other creditors is £18,500 (2023: £2,000) owing to Diggins Property Services Ltd.

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