Diamonds Cosmetics Limited

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

Registered number: 08762612

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		30,535		16,382

			30,535		16,382
CURRENT ASSETS
Stocks	6	60,500		43,274
Debtors	7	869		793
Cash at bank and in hand		33,538		34,459

		94,907		78,526
Creditors: Amounts Falling Due Within One Year	8	(87,311 )		(58,781 )

NET CURRENT ASSETS (LIABILITIES)			7,596		19,745

TOTAL ASSETS LESS CURRENT LIABILITIES			38,131		36,127

NET ASSETS			38,131		36,127

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			38,031		36,027

SHAREHOLDERS' FUNDS			38,131		36,127

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Diamonds Cosmetics Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

Mrs Karen Heatherington

Director

6 July 2026

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

1. General Information

Diamonds Cosmetics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08762612 . The registered office is 45 Queens Drive, Nuthall, Nottinghamshire, NG16 1EG.

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. 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 profit and loss account over its estimated economic life of 10 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:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	50% straight line

2.5. 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.

2.6. 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.

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Diamonds Cosmetics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2025: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	50,000

As at 31 March 2026	50,000

Amortisation
As at 1 April 2025	50,000

As at 31 March 2026	50,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	-	40,595	14,302	54,897
Additions	10,000	-	12,550	22,550

As at 31 March 2026	10,000	40,595	26,852	77,447

Depreciation
As at 1 April 2025	-	27,751	10,764	38,515
Provided during the period	1,042	3,211	4,144	8,397

As at 31 March 2026	1,042	30,962	14,908	46,912

Net Book Value
As at 31 March 2026	8,958	9,633	11,944	30,535

As at 1 April 2025	-	12,844	3,538	16,382

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Diamonds Cosmetics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	60,500	43,274

7. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	869	793

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	3,646
Corporation tax	21,479	25,072
Other taxes and social security	1,867	19,664
VAT	29,972	-
Other creditors	31,959	6,711
Accruals and deferred income	1,850	1,750
Directors' loan accounts	184	1,938

	87,311	58,781

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	3,646

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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