Diabdia Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07047173 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

DIABDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Markham

Mrs D Markham Wroe

REGISTERED OFFICE:

7 St Johns Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

07047173 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

1,177

553

CURRENT ASSETS

Cash at bank

5,109

3,776

CREDITORS

Amounts falling due within one year

5

43,911

45,457

NET CURRENT LIABILITIES

(38,802

)

(41,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,625

)

(41,128

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(37,627

)

(41,130

)

SHAREHOLDERS' FUNDS

(37,625

)

(41,128

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2021 and were signed on its behalf by:

J Markham - Director

1.	STATUTORY INFORMATION

Diabdia Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

Where total liabilities exceed current assets the directors consider the ability of the company to continue to meet its

liabilities from liquid assets as and when the liabilities fall due. The directors also consider the support given to the

company by its creditors. If the directors are satisfied that the company can meet its liabilities as and when they fall

due and that the company has sufficient support from its creditors, the accounts are prepared on a going concern

basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

-

2,803

2,803

Additions

901

115

1,016

At 31 March 2020

901

2,918

3,819

DEPRECIATION

At 1 April 2019

-

2,250

2,250

Charge for year

225

167

392

At 31 March 2020

225

2,417

2,642

NET BOOK VALUE

At 31 March 2020

676

501

1,177

At 31 March 2019

-

553

553

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Corporation Tax payable

674

-

Director's current account

42,136

44,272

Accrued expenses

1,101

1,185

43,911

45,457

6.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £42,136 (2019: £44,272) due to the directors of the company.

7.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr and Mrs Markham.