Registration number: 00205665

British Diamond Wire Die Company Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

British Diamond Wire Die Company Limited

Company Information

Directors

S Romeo N Barthod

Company secretary

S Romeo

Registered office

66 Old Wareham Road Parkstone Poole Dorset BH12 4QS

Auditors

Grant Sellers Limited Bank Court Manor Road Verwood Dorset BH31 6DY

British Diamond Wire Die Company Limited

(Registration number: 00205665)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	180,597	82,618
Current assets
Stocks		229,098	183,802
Debtors	5	400,379	712,365
Cash at bank and in hand		287,152	257,231
		916,629	1,153,398
Creditors: Amounts falling due within one year	6	(144,658)	(262,374)
Net current assets		771,971	891,024
Total assets less current liabilities		952,568	973,642
Provisions for liabilities		(45,150)	(20,655)
Net assets		907,418	952,987
Capital and reserves
Called up share capital	7	102,654	102,654
Retained earnings		804,764	850,333
Shareholders' funds		907,418	952,987

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 

......................................... S Romeo Company secretary and director

British Diamond Wire Die Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
66 Old Wareham Road
Parkstone
Poole
Dorset
BH12 4QS

These financial statements were authorised for issue by the Board on 9 July 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 9 July 2025 was Stephen Sellers, who signed for and on behalf of Grant Sellers Limited.

Turnover

Turnover represents net invoiced sales of goods net of trade discounts, excluding value added tax, which are
recognised on despatch.

British Diamond Wire Die Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, for plant and machinery specifically 10% residual value is taken into effect as follows:

Asset class	Depreciation method and rate
Freehold property	Nil on land, 2% on property
Plant and machinery	10% on cost and 10% residual value
Fixtures and fittings	20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

British Diamond Wire Die Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Financial instruments

The organisation only enter into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as cash and cash equivalents, and accruals, which are included in the financial statements at carrying value in the statement of financial position.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 10).

British Diamond Wire Die Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Land and buildings £	Plant and machinery etc £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	94,064	847,096	7,490	948,650
Additions	-	116,486	-	116,486
Disposals	-	(5,807)	-	(5,807)
At 31 December 2024	94,064	957,775	7,490	1,059,329
Depreciation
At 1 January 2024	80,979	777,563	7,490	866,032
Charge for the year	-	18,507	-	18,507
Eliminated on disposal	-	(5,807)	-	(5,807)
At 31 December 2024	80,979	790,263	7,490	878,732
Carrying amount
At 31 December 2024	13,085	167,512	-	180,597
At 31 December 2023	13,085	69,533	-	82,618

Included within the net book value of land and buildings above is £13,085 (2023 - £13,085) in respect of freehold land and buildings.
 

British Diamond Wire Die Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		12,121	53,517
Amounts owed by related parties	8	362,483	647,946
Prepayments		3,835	3,886
Other debtors		21,940	7,016
		400,379	712,365

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		20,129	43,397
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	58,339	110,514
Taxation and social security		5,157	22,236
Accruals and deferred income		60,888	86,227
Other creditors		145	-
		144,658	262,374

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	102,654	102,654	102,654	102,654

8	Related party transactions

As the related party transactions during the year are within a wholly owned group, the company is taking advantage of FRS102 Paragraph 33 exception not to disclose these.

British Diamond Wire Die Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

9	Ultimate controlling party

The ultimate controlling party of the company is the Barthod family, by virtue of their collective 100% shareholding of the issued share capital of the Parent Company Societe de Filieres Balloffet, a company incorporated in France. The parent company address is Route de Bourg, 011510 Lagnieu, France. A copy of the group accounts, which include these accounts, can be obtained from this address.