Company Registration No. 11769684 (England and Wales)
Diamond Maintenance Ltd
Unaudited accounts
for the year ended 31 January 2021
Diamond Maintenance Ltd
Unaudited accounts
Contents
Diamond Maintenance Ltd
Company Information
for the year ended 31 January 2021
Company Number
11769684 (England and Wales)
Registered Office
8 - 9 SUTTON COURT
BATH STREET
MARKET HARBOROUGH
LEICESTERSHIRE
LE16 9EQ
ENGLAND
Accountants
Master Accounting Limited
The Stables, Ashley Court
32 Main Street, Ashley
Market Harborough
Leicestershire
LE16 8HF
Diamond Maintenance Ltd
Statement of financial position
as at
31 January 2021
Tangible assets
20,060
25,681
Cash at bank and in hand
13,040
3,026
Creditors: amounts falling due within one year
(7,081)
(16,277)
Net current assets/(liabilities)
5,959
(11,293)
Total assets less current liabilities
26,019
14,388
Creditors: amounts falling due after more than one year
(17,000)
(3,845)
Called up share capital
1
1
Profit and loss account
9,018
10,542
Shareholders' funds
9,019
10,543
For the year ending 31 January 2021 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 6 October 2021 and were signed on its behalf by
Colin Smith
Director
Company Registration No. 11769684
Diamond Maintenance Ltd
Notes to the Accounts
for the year ended 31 January 2021
Diamond Maintenance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11769684. The registered office is 8 - 9 SUTTON COURT, BATH STREET, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 9EQ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - straight line
Motor vehicles
25% - straight line
Computer equipment
33% - straight line
Diamond Maintenance Ltd
Notes to the Accounts
for the year ended 31 January 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2020
9,699
20,153
329
30,181
Additions
1,656
-
-
1,656
At 31 January 2021
11,355
20,153
329
31,837
At 1 February 2020
1,114
3,359
27
4,500
Charge for the year
2,129
5,038
110
7,277
At 31 January 2021
3,243
8,397
137
11,777
At 31 January 2021
8,112
11,756
192
20,060
At 31 January 2020
8,585
16,794
302
25,681
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
3,000
-
Obligations under finance leases and hire purchase contracts
-
8,538
Taxes and social security
2,046
-
Other creditors
1,315
1,315
Loans from directors
-
5,838
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
3,845
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).