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Registered number: 12108768
Diode Group Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12108768
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 12,394
Tangible Assets 5 3,897 6,470
5,897 18,864
CURRENT ASSETS
Debtors 6 10,809 4,209
Cash at bank and in hand 280,941 344,005
291,750 348,214
Creditors: Amounts Falling Due Within One Year 7 (18,679 ) (14,951 )
NET CURRENT ASSETS (LIABILITIES) 273,071 333,263
TOTAL ASSETS LESS CURRENT LIABILITIES 278,968 352,127
Creditors: Amounts Falling Due After More Than One Year 8 (20,837 ) (26,852 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (597 ) (3,584 )
NET ASSETS 257,534 321,691
CAPITAL AND RESERVES
Called up share capital 10 130 130
Share premium account 986,913 986,913
Profit and Loss Account (729,509 ) (665,352 )
SHAREHOLDERS' FUNDS 257,534 321,691
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For the year ending 31 July 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.
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 J Horsfield
Director
24 November 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Diode Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12108768 . The registered office is Brackenfield Holton Road, Nettleton, Market Rasen, LN7 6AW.
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. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are development costs and these costs are amortised to profit and loss account over its estimated economic life of five years.
2.5. 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:
Plant & Machinery 20% on cost
Computer Equipment 33% on cost
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 8)
6 8
4. Intangible Assets
Development Costs
£
Cost
As at 1 August 2024 56,482
As at 31 July 2025 56,482
Amortisation
As at 1 August 2024 44,088
Provided during the period 10,394
As at 31 July 2025 54,482
Net Book Value
As at 31 July 2025 2,000
As at 1 August 2024 12,394
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2024 5,780 7,988 13,768
As at 31 July 2025 5,780 7,988 13,768
Depreciation
As at 1 August 2024 3,215 4,083 7,298
Provided during the period 513 2,060 2,573
As at 31 July 2025 3,728 6,143 9,871
Net Book Value
As at 31 July 2025 2,052 1,845 3,897
As at 1 August 2024 2,565 3,905 6,470
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 10,417 2,424
Prepayments and accrued income 392 1,785
10,809 4,209
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 5,556 5,556
VAT 12,363 2,520
Other creditors - 4,112
Pension creditor - 1,678
Accruals and deferred income 700 1,085
Directors' loan accounts 60 -
18,679 14,951
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 20,837 26,852
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9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2024 3,584 3,584
Utilised (2,987 ) (2,987)
Balance at 31 July 2025 597 597
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 130 130
Share Capital includes 1,296,030 shares with a nominal value of £0.0001 per share.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Horsfield and Mr T Dodson by virtue of their ownership of the issued share capital in the company.
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