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Registered number: 12728249
DIAMOND CUT DETAILING (SW) LTD
Unaudited Financial Statements
For The Year Ended 31 July 2025
Trek Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12728249
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,027 45,154
37,027 45,154
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 8,501 7,845
Cash at bank and in hand 9,138 2,658
22,639 15,503
Creditors: Amounts Falling Due Within One Year 7 (120,812 ) (130,603 )
NET CURRENT ASSETS (LIABILITIES) (98,173 ) (115,100 )
TOTAL ASSETS LESS CURRENT LIABILITIES (61,146 ) (69,946 )
Creditors: Amounts Falling Due After More Than One Year 8 (31,336 ) (29,925 )
NET LIABILITIES (92,482 ) (99,871 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (92,483 ) (99,872 )
SHAREHOLDERS' FUNDS (92,482) (99,871)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Lewis Franklin
Director
29th April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DIAMOND CUT DETAILING (SW) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12728249 . The registered office is 14 & 15, Southernhay West, Exeter, EX1 1PL.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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 18% Reducing balance
Motor Vehicles 18% Reducing balance
Fixtures & Fittings 18% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2024 15,396 69,000 13,598 97,994
As at 31 July 2025 15,396 69,000 13,598 97,994
Depreciation
As at 1 August 2024 8,040 37,803 6,997 52,840
Provided during the period 1,324 5,615 1,188 8,127
As at 31 July 2025 9,364 43,418 8,185 60,967
Net Book Value
As at 31 July 2025 6,032 25,582 5,413 37,027
As at 1 August 2024 7,356 31,197 6,601 45,154
5. Stocks
2025 2024
£ £
Stock 5,000 5,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 8,501 6,301
Director's loan account - 1,544
8,501 7,845
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,200 8,200
Other taxes and social security 1,345 1,117
VAT 8,760 15,998
Other creditors 98,638 98,638
Accruals and deferred income 3,333 6,650
Director's loan account 536 -
120,812 130,603
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 18,836 25,925
Bank loans 12,500 4,000
31,336 29,925
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,200 8,200
Later than one year and not later than five years 18,836 25,925
27,036 34,125
27,036 34,125
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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