DIAVEL Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11812995 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2020 to 31 January 2021

for

DIAVEL Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Tate

SECRETARY:

REGISTERED OFFICE:

398 Coast Road

Pevensey Bay

East Sussex

BN24 6NY

REGISTERED NUMBER:

11812995 (England and Wales)

ACCOUNTANTS:

Stone's Accountancy Sussex Limited

398 Coast Road

Pevensey Bay

Pevensey

East Sussex

BN24 6NY

FIXED ASSETS

Tangible assets

4

235,225

233,527

Investments

5

(74,700

)

(64,200

)

160,525

169,327

CURRENT ASSETS

Debtors

6

10

10

Investments

7

10

10

Cash at bank

3,913

8,983

3,933

9,003

CREDITORS

Amounts falling due within one year

8

3,902

14,454

NET CURRENT ASSETS/(LIABILITIES)

31

(5,451

)

TOTAL ASSETS LESS CURRENT LIABILITIES

160,556

163,876

CREDITORS

Amounts falling due after more than one year

9

165,000

165,000

NET LIABILITIES

(4,444

)

(1,124

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(4,454

)

(1,134

)

SHAREHOLDERS' FUNDS

(4,444

)

(1,124

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2021 and were signed by:

J Tate - Director

1.	STATUTORY INFORMATION

DIAVEL Limited 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.

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.

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

-

20% on reducing balance

Taxation

Taxation for the period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2020

230,187

3,340

233,527

Additions

-

2,122

2,122

At 31 January 2021

230,187

5,462

235,649

DEPRECIATION

Charge for period

-

424

424

At 31 January 2021

-

424

424

NET BOOK VALUE

At 31 January 2021

230,187

5,038

235,225

At 29 February 2020

230,187

3,340

233,527

5.	FIXED ASSET INVESTMENTS

Own

shares

£

COST

At 1 March 2020

(64,200

)

Dividends received

(10,500

)

At 31 January 2021

(74,700

)

NET BOOK VALUE

At 31 January 2021

(74,700

)

At 29 February 2020

(64,200

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/21

29/2/20

£

£

Called up share capital not paid

10

10

7.	CURRENT ASSET INVESTMENTS

31/1/21

29/2/20

£

£

Own shares

10

10

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/21

29/2/20

£

£

Directors' loan accounts

2,960

14,004

Accrued expenses

942

450

3,902

14,454

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/21

29/2/20

£

£

Other loans - 2-5 years

165,000

165,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the directors loan account shown on the balance sheet was owed to the director of the company. This has been loaned to purchase the property and offer cash flow. The loan is repayable on demand and there is no set repayment date.

The company also have an investment with Tate Marine Limited where a dividend has been received in this tax year.