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Company Registration No. 07309470 (England and Wales)
Diamond Quilting Ltd Unaudited accounts for the year ended 31 January 2025
Diamond Quilting Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Diamond Quilting Ltd Company Information for the year ended 31 January 2025
Directors
Zubair Younis Mohammad Liaqat
Company Number
07309470 (England and Wales)
Registered Office
Queens Mill Mill Street East Dewsbury WF12 9AQ
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Diamond Quilting Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
171,853
190,972
Current assets
Inventories
178,468
170,055
Debtors
5
716,707
745,540
Cash at bank and in hand
595,884
829,283
1,491,059
1,744,878
Creditors: amounts falling due within one year
6
(747,076)
(970,987)
Net current assets
743,983
773,891
Net assets
915,836
964,863
Capital and reserves
Called up share capital
100
100
Profit and loss account
915,736
964,763
Shareholders' funds
915,836
964,863
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by
Zubair Younis Director Company Registration No. 07309470
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Diamond Quilting Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Diamond Quilting Ltd is a private company, limited by shares, registered in England and Wales, registration number 07309470. The registered office is Queens Mill, Mill Street East, Dewsbury, WF12 9AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
1,162,858
93,493
1,256,351
Additions
26,381
-
26,381
At 31 January 2025
1,189,239
93,493
1,282,732
Depreciation
At 1 February 2024
1,012,483
52,896
1,065,379
Charge for the year
35,351
10,149
45,500
At 31 January 2025
1,047,834
63,045
1,110,879
Net book value
At 31 January 2025
141,405
30,448
171,853
At 31 January 2024
150,375
40,597
190,972
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
716,707
745,540
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Diamond Quilting Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
570,770
645,488
Taxes and social security
144,688
295,631
Other creditors
31,618
29,868
747,076
970,987
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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