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Company Registration No. 02731679 (England and Wales)
DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2024
Sumer Auditco Limited
Chartered Accountants and Statutory Auditors
14th Floor
33 Cavendish Square, London
W1G 0PW
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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CONTENTS
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Notes to the Financial Statements
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the period ended 31 December 2024.
Directors' responsibilities statement
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The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity and change of ownership
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The principal activity of the company was that of personnel agency for the construction industry.
During the period, the company was acquired by Danny Sullivan & Sons Limited. However, Diamond Construction & Engineering Recruitment Limited will continue to provide the same services to the construction industry as under its previous owners.
The directors who served during the period were:
Timothy O'Sullivan (appointed 2 October 2024)
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Kacey O'Driscoll (appointed 2 October 2024)
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Paul Martin Hoffman (resigned 10 April 2025)
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Melanie Ann Kingston (resigned 2 October 2024)
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
Disclosure of information to auditors
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Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and
∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Riordan O'Sullivan & Co, the previous auditors, have transferred their audit business to Sumer Auditco Limited who will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 26 September 2025 and signed on its behalf.
___________________________
Timothy O'Sullivan
Director
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
REGISTERED NUMBER:02731679
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BALANCE SHEET
AS AT 31 DECEMBER 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Capital redemption reserve
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2025.
___________________________
Timothy O'Sullivan
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The notes on pages 4 to 8 form part of these financial statements.
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Diamond Construction & Engineering Recruitment Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 22 Barretts Green Road, Park Royal, London, NW10 7AE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The following principal accounting policies have been applied:
Turnover represents the value, net of value added tax and discounts, of the work carried out in respect of the services provided to the customers.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
The company operates a defined pension contribution plan for its employees.
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held seperately from the company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Cash and cash equivalents
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Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
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The average monthly number of employees, including directors, during the period was 21 (2024 - 16).
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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The amounts owed to the group undertakings are unsecured, payable on demand and interest is payable at a rate of 5%.
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DIAMOND CONSTRUCTION & ENGINEERING RECRUITMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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Allotted, called up and fully paid
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300 B Ordinary Shares shares of £0.10 each
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200 C Ordinary Shares shares of £0.10 each
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50 D Ordinary Shares shares of £0.10 each
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200 E Ordinary Shares shares of £0.10 each
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During the period, Danny Sullivan & Sons Limited acquired 100% of the shareholdings for Diamond Construction & Engineering Recruitment Limited.
Danny Sullivan & Sons Limited is the company's immediate parent undertaking. The ultimate parent company is CH Parachute Ventures Limited.
Timothy O'Sullivan and Kacey O'Driscoll who hold 100% of the shares in CH Parachute Ventures Limited are the ultimate controllers of the company. The consolidated financial statements of CH Parachute Ventures Limtied can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.
The audit report was signed on 26 September 2025 by Andrew Hill (Senior Statutory Auditor) on behalf of Sumer Auditco Limited, Chartered Accountants and Statutory Auditors.
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