REGISTERED NUMBER: 07105688 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Diamond Cut Glass Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Hill

REGISTERED OFFICE:

Unit 1 Whitworth Court

Baird Road

Waterwell Business Park

Quedgeley

Gloucestershire

GL2 2DG

REGISTERED NUMBER:

07105688 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Tangible assets

4

7,469

10,175

CURRENT ASSETS

Stocks

30,077

24,137

Debtors

5

205,822

96,779

Cash at bank and in hand

98,092

70,080

333,991

190,996

CREDITORS

Amounts falling due within one year

6

88,316

112,007

NET CURRENT ASSETS

245,675

78,989

TOTAL ASSETS LESS CURRENT LIABILITIES

253,144

89,164

CREDITORS

Amounts falling due after more than one year

7

183,890

1,012

NET ASSETS

69,254

88,152

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

68,954

87,852

SHAREHOLDERS' FUNDS

69,254

88,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 25 September 2025 and were signed by:

Mr R Hill - Director

1.	STATUTORY INFORMATION

Diamond Cut Glass Ltd 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.

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.

Plant and machinery etc

-

25% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

48,542

Additions

710

Disposals

(300

)

At 31 December 2024

48,952

DEPRECIATION

At 1 January 2024

38,367

Charge for year

3,416

Eliminated on disposal

(300

)

At 31 December 2024

41,483

NET BOOK VALUE

At 31 December 2024

7,469

At 31 December 2023

10,175

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

48,853

90,850

Other debtors

156,969

5,929

205,822

96,779

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

15,466

30,309

Taxation and social security

22,250

51,005

Other creditors

600

30,693

88,316

112,007

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

183,333

-

Other creditors

557

1,012

183,890

1,012