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Company Registration No. SC126817 (Scotland)
Sovereign Diamond Services Limited Unaudited accounts for the year ended 31 August 2025
Sovereign Diamond Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sovereign Diamond Services Limited Company Information for the year ended 31 August 2025
Director
Michael Dickson
Company Number
SC126817 (Scotland)
Registered Office
13 Duddingston Square West Edinburgh EH15 1RS
Accountants
Rosebery Accountants & Business Advisors 23 Melville Street Edinburgh EH3 7PE
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Sovereign Diamond Services Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
1,093
1,093
Tangible assets
5
285
-
1,378
1,093
Current assets
Inventories
1,490
1,541
Debtors
6
896
5,641
Cash at bank and in hand
32,177
25,904
34,563
33,086
Creditors: amounts falling due within one year
7
(7,126)
(4,329)
Net current assets
27,437
28,757
Net assets
28,815
29,850
Capital and reserves
Called up share capital
8
2,000
2,000
Profit and loss account
26,815
27,850
Shareholders' funds
28,815
29,850
For the year ending 31 August 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 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 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 and authorised for issue on 13 April 2026 and were signed on its behalf by
Michael Dickson Director Company Registration No. SC126817
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Sovereign Diamond Services Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Sovereign Diamond Services Limited is a private company, limited by shares, registered in Scotland, registration number SC126817. The registered office is 13 Duddingston Square West, Edinburgh, EH15 1RS.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation where appropriate.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024
1,093
At 31 August 2025
1,093
Amortisation
At 1 September 2024
-
At 31 August 2025
-
Net book value
At 31 August 2025
1,093
At 31 August 2024
1,093
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Sovereign Diamond Services Limited Notes to the Accounts for the year ended 31 August 2025
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 September 2024
7,326
Additions
380
At 31 August 2025
7,706
Depreciation
At 1 September 2024
7,326
Charge for the year
95
At 31 August 2025
7,421
Net book value
At 31 August 2025
285
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
896
5,641
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(497)
297
Trade creditors
4,682
1,524
Taxes and social security
26
(380)
Other creditors
715
715
Loans from directors
2,200
2,171
Accruals
-
2
7,126
4,329
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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