Diamond Ocean Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 03710055 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2016 TO 31 AUGUST 2016

FOR

DIAMOND OCEAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Duffy

SECRETARY:

L Duffy

REGISTERED OFFICE:

3 Borrowell Terrace

Kenilworth

Warwickshire

CV38 1ER

REGISTERED NUMBER:

03710055 (England and Wales)

ACCOUNTANTS:

A W Walker & Co

8 Fairford Close

Prospect Grange

Solihull

B91 1JF

FIXED ASSETS

Tangible assets

3

-

1,895

CURRENT ASSETS

Cash at bank

-

1,746

CREDITORS

Amounts falling due within one year

4

1,119

2,689

NET CURRENT LIABILITIES

(1,119

)

(943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,119

)

952

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,121

)

950

SHAREHOLDERS' FUNDS

(1,119

)

952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 2 September 2016 and were signed by:

P Duffy - Director

1.	STATUTORY INFORMATION

Diamond Ocean 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

sheet date.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

5,577

205

4,573

10,355

Disposals

(5,577

)

(205

)

(4,573

)

(10,355

)

At 31 August 2016

-

-

-

-

DEPRECIATION

At 1 April 2016

3,682

205

4,573

8,460

Eliminated on disposal

(3,682

)

(205

)

(4,573

)

(8,460

)

At 31 August 2016

-

-

-

-

NET BOOK VALUE

At 31 August 2016

-

-

-

-

At 31 March 2016

1,895

-

-

1,895

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2016

£

£

Taxation and social security

-

159

Other creditors

1,119

2,530

1,119

2,689

5.	RELATED PARTY DISCLOSURES