Diamond Alloys Ltd - Limited company - abbreviated - 11.6

Diamond Alloys Ltd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07870313 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

DIAMOND ALLOYS LTD

DIAMOND ALLOYS LTD (REGISTERED NUMBER: 07870313)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Certified Accountants' Report 4

DIAMOND ALLOYS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTOR: Mr D Bhatia





REGISTERED OFFICE: 20 Belvue Business Centre
Belvue Road
Northolt
Middlesex
UB5 5QQ





REGISTERED NUMBER: 07870313 (England and Wales)





ACCOUNTANTS: Mahendra Patel
Chartered Certified Accountants
46 Yeading Fork
Hayes
Middlesex
UB4 9DQ

DIAMOND ALLOYS LTD (REGISTERED NUMBER: 07870313)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 25,120 57,971

CURRENT ASSETS
Debtors 31,703 18,958
Cash at bank and in hand 12,404 5,980
44,107 24,938
CREDITORS
Amounts falling due within one year 36,471 36,298
NET CURRENT ASSETS/(LIABILITIES) 7,636 (11,360 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,756

46,611

CREDITORS
Amounts falling due after more than one
year

565,000

480,081
NET LIABILITIES (532,244 ) (433,470 )

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (532,344 ) (433,570 )
SHAREHOLDERS' FUNDS (532,244 ) (433,470 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30 December 2015 and were signed by:



Mr D Bhatia - Director


DIAMOND ALLOYS LTD (REGISTERED NUMBER: 07870313)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery etc - 50% on reducing balance, 20% on cost and 15% on reducing balance

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 187,480
Additions 5,160
At 31 March 2015 192,640
DEPRECIATION
At 1 April 2014 129,509
Charge for year 38,011
At 31 March 2015 167,520
NET BOOK VALUE
At 31 March 2015 25,120
At 31 March 2014 57,971

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
100 Ordinary shares £1.00 100 100

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DIAMOND ALLOYS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Diamond Alloys Ltd for the year ended 31 March 2015 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Diamond Alloys Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Diamond Alloys Ltd and state those matters that we have agreed to state to the director of Diamond Alloys Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Diamond Alloys Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Diamond Alloys Ltd. You consider that Diamond Alloys Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Diamond Alloys Ltd. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mahendra Patel
Chartered Certified Accountants
46 Yeading Fork
Hayes
Middlesex
UB4 9DQ


30 December 2015