Diamond Golf International Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02523931

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		21,588		31,140
Investments	6		40		40

			21,628		31,180
CURRENT ASSETS
Stocks	7	698,244		793,773
Debtors	8	57,169		42,022
Cash at bank and in hand		13,689		3,865

		769,102		839,660
Creditors: Amounts Falling Due Within One Year	9	(461,552 )		(452,908 )

NET CURRENT ASSETS (LIABILITIES)			307,550		386,752

TOTAL ASSETS LESS CURRENT LIABILITIES			329,178		417,932

Creditors: Amounts Falling Due After More Than One Year	10		(37,168 )		(98,170 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(3,150 )		(4,170 )

NET ASSETS			288,860		315,592

CAPITAL AND RESERVES
Called up share capital	12		94,574		94,574
Profit and Loss Account			194,286		221,018

SHAREHOLDERS' FUNDS			288,860		315,592

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Diamond Golf International Limited

Balance Sheet (continued)

As At 27 December 2024

For the year ending 27 December 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Daren Christopher Treacy

Director

24/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Diamond Golf International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02523931 . The registered office is Unit U4 & U5, Rudford Industrial Estate, Ford Road, Ford, Arundel, West Sussex, BN18 0BF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of five years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	OVER 10 YEAR
Leasehold	OVER 10 YEAR
Fixtures & Fittings	25% RBM
Computer Equipment	25% RBM

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Deferred Tax

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 period 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.

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Diamond Golf International Limited

Notes to the Financial Statements (continued)

For The Year Ended 27 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2023: 24)

4. Intangible Assets

	Goodwill
	£
Cost
As at 29 December 2023	201,629

As at 27 December 2024	201,629

Amortisation
As at 29 December 2023	201,629

As at 27 December 2024	201,629

Net Book Value
As at 27 December 2024	-

As at 29 December 2023	-

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 29 December 2023	40,904	55,538	141,465	237,907
Additions	-	-	562	562

As at 27 December 2024	40,904	55,538	142,027	238,469

Depreciation
As at 29 December 2023	33,300	52,110	121,357	206,767
Provided during the period	4,090	857	5,167	10,114

As at 27 December 2024	37,390	52,967	126,524	216,881

Net Book Value
As at 27 December 2024	3,514	2,571	15,503	21,588

As at 29 December 2023	7,604	3,428	20,108	31,140

6. Investments

	Listed
	£
Cost or Valuation
As at 29 December 2023	40

As at 27 December 2024	40

Provision
As at 29 December 2023	-

As at 27 December 2024	-

...CONTINUED

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Diamond Golf International Limited

Notes to the Financial Statements (continued)

For The Year Ended 27 December 2024

Net Book Value
As at 27 December 2024	40

As at 29 December 2023	40

7. Stocks

	2024	2023
	£	£
Stock	698,244	793,773

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	56,169	40,880
Other debtors	-	142
Amounts owed by group undertakings- Liberty Int	1,000	1,000

	57,169	42,022

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	262,876	203,630
Bank loans and overdrafts	166,993	225,707
Corporation tax	-	(15,032 )
Other taxes and social security	8,508	-
VAT	6,911	6,297
Accruals and deferred income	11,263	13,185
Directors' loan accounts	2,460	16,580
Amounts owed to group undertakings - Steelsy G-Rip Ltd	2,541	2,541

	461,552	452,908

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	37,168	98,170

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	3,150	4,170

12. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
94,574 Ordinary Shares of £ 1.00 each	94,574	94,574

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