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Company Registration No. 01233169 (England and Wales)
DIAMOND ANCHOR COMPANY LIMITED Unaudited accounts for the year ended 28 February 2025
DIAMOND ANCHOR COMPANY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
DIAMOND ANCHOR COMPANY LIMITED Company Information for the year ended 28 February 2025
Directors
Jeffrey Baron Diane Baron
Secretary
Diane Baron
Company Number
01233169 (England and Wales)
Registered Office
UNIT 2A FOXWOOD ROAD DUNSTONS INDUSTRIAL ESTATE SHEEPBRIDGE CHESTERFIELD DERBYSHIRE S41 9RF
Accountants
Hammond & Co 36 Chesterfield Road Market Street Staveley Derbyshire S43 3UT
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DIAMOND ANCHOR COMPANY LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
773,043
547,408
Investments
5
9,553
9,553
782,596
556,961
Current assets
Inventories
131,000
131,000
Debtors
6
342,870
347,565
Cash at bank and in hand
1,072
1,072
474,942
479,637
Creditors: amounts falling due within one year
7
(287,686)
(256,139)
Net current assets
187,256
223,498
Total assets less current liabilities
969,852
780,459
Creditors: amounts falling due after more than one year
8
(125,977)
(251,942)
Provisions for liabilities
Deferred tax
(19,672)
(50,557)
Net assets
824,203
477,960
Capital and reserves
Called up share capital
2,500
2,500
Revaluation reserve
336,310
-
Profit and loss account
485,393
475,460
Shareholders' funds
824,203
477,960
For the year ending 28 February 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 10 November 2025 and were signed on its behalf by
Jeffrey Baron Director Company Registration No. 01233169
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DIAMOND ANCHOR COMPANY LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
DIAMOND ANCHOR COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01233169. The registered office is UNIT 2A FOXWOOD ROAD, DUNSTONS INDUSTRIAL ESTATE, SHEEPBRIDGE, CHESTERFIELD DERBYSHIRE , S41 9RF.
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:
Plant & machinery
10% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
10% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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DIAMOND ANCHOR COMPANY LIMITED Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At valuation
At cost
At cost
At cost
At 1 March 2024
163,690
330,481
550,374
62,718
1,107,263
Additions
-
11,110
3,800
-
14,910
Revaluations
336,310
-
-
-
336,310
Disposals
-
-
(96,567)
-
(96,567)
At 28 February 2025
500,000
341,591
457,607
62,718
1,361,916
Depreciation
At 1 March 2024
-
253,034
254,287
52,534
559,855
Charge for the year
-
8,856
61,392
1,018
71,266
On disposals
-
-
(42,248)
-
(42,248)
At 28 February 2025
-
261,890
273,431
53,552
588,873
Net book value
At 28 February 2025
500,000
79,701
184,176
9,166
773,043
At 29 February 2024
163,690
77,447
296,087
10,184
547,408
5
Investments
Other investments
£
Valuation at 1 March 2024
9,553
Valuation at 28 February 2025
9,553
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
56,472
56,707
Trade debtors
258,599
171,329
Other debtors
27,799
119,529
342,870
347,565
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
35,701
4,487
Obligations under finance leases and hire purchase contracts
-
18,492
Trade creditors
159,829
222,805
Taxes and social security
12,099
8,046
Other creditors
80,057
2,309
287,686
256,139
- 6 -
DIAMOND ANCHOR COMPANY LIMITED Notes to the Accounts for the year ended 28 February 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
30,000
54,000
Obligations under finance leases and hire purchase contracts
95,977
197,942
125,977
251,942
9
Average number of employees
During the year the average number of employees was 12 (2024: 12).
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