| Diamond Financial (Scotland) Limited |
| Registered number: |
SC196870 |
| Abbreviated Balance Sheet |
| as at 30 June 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
- |
|
|
13,200 |
| Tangible assets |
3 |
|
|
7,759 |
|
|
12,733 |
|
|
|
|
7,759 |
|
|
25,933 |
|
| Current assets |
| Stocks |
|
|
14,800 |
|
|
25,433 |
| Debtors |
|
|
223,229 |
|
|
118,187 |
| Cash at bank and in hand |
|
|
8,250 |
|
|
2,658 |
|
|
|
246,279 |
|
|
146,278 |
|
| Creditors: amounts falling due within one year |
|
|
(205,682) |
|
|
(152,031) |
|
| Net current assets/(liabilities) |
|
|
|
40,597 |
|
|
(5,753) |
|
| Net assets |
|
|
|
48,356 |
|
|
20,180 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
510 |
|
|
60 |
| Profit and loss account |
|
|
|
47,846 |
|
|
20,120 |
|
| Shareholders' funds |
|
|
|
48,356 |
|
|
20,180 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| G Fox |
| Director |
| Approved by the board on 29 March 2016 |
|
| Diamond Financial (Scotland) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25 - 33% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
66,000 |
|
At 30 June 2015 |
66,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2014 |
52,800 |
|
Provided during the year |
13,200 |
|
At 30 June 2015 |
66,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
- |
|
At 30 June 2014 |
13,200 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
71,219 |
|
Additions |
5,227 |
|
Disposals |
(12,006) |
|
At 30 June 2015 |
64,440 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2014 |
58,486 |
|
Charge for the year |
10,201 |
|
On disposals |
(12,006) |
|
At 30 June 2015 |
56,681 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
7,759 |
|
At 30 June 2014 |
12,733 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
500 |
|
500 |
|
50 |
|
B Ordinary shares |
£1 each |
|
9 |
|
9 |
|
9 |
|
C Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
A Ordinary shares |
£1 each |
|
450 |
|
450 |
|
|
|
|
|
|
|
