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Registration number: 04871116

Diamond Clinical Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2019

Cannon Moorcroft Limited
Chartered Accountants
3 Manor Court Yard
Hughenden Avenue
High Wycombe
Bucks
HP13 5RE

 

Diamond Clinical Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Diamond Clinical Ltd

Company Information

Directors

Ms N Downes

Mr D J Talbot

Company secretary

Mr D J Talbot

Registered office

3 Manor Court Yard
Hughenden Avenue
High Wycombe
Bucks
HP13 5RE

Accountants

Cannon Moorcroft Limited
Chartered Accountants
3 Manor Court Yard
Hughenden Avenue
High Wycombe
Bucks
HP13 5RE

 

Diamond Clinical Ltd

(Registration number: 04871116)
Balance Sheet as at 31 August 2019

Note

2019
£

2018
£

Fixed assets

 

Tangible assets

3

39,189

39,448

Current assets

 

Debtors

4

966

(1)

Cash at bank and in hand

 

307,493

330,361

 

308,459

330,360

Creditors: Amounts falling due within one year

5

(1,200)

(2,947)

Net current assets

 

307,259

327,413

Net assets

 

346,448

366,861

Capital and reserves

 

Called up share capital

6

100

100

Profit and loss account

346,348

366,761

Total equity

 

346,448

366,861

For the financial year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 November 2019 and signed on its behalf by:
 

.........................................

Ms N Downes
Director

 

Diamond Clinical Ltd

Notes to the Financial Statements for the Year Ended 31 August 2019

1

General information

The company is a private company limited by share capital, incorporated in England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

Straight line method at 33%

Furniture & Fixtures

Reducing balance method at 25%

Freehold Property

Straight line method over 50 years

 

Diamond Clinical Ltd

Notes to the Financial Statements for the Year Ended 31 August 2019

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2018

41,772

11,516

53,288

Additions

-

1,069

1,069

Disposals

-

(5,031)

(5,031)

At 31 August 2019

41,772

7,554

49,326

Depreciation

At 1 September 2018

2,506

11,334

13,840

Charge for the year

836

492

1,328

Eliminated on disposal

-

(5,031)

(5,031)

At 31 August 2019

3,342

6,795

10,137

Carrying amount

At 31 August 2019

38,430

759

39,189

At 31 August 2018

39,266

182

39,448

Included within the net book value of land and buildings above is £38,430 (2018 - £39,265) in respect of freehold land and buildings.
 

4

Debtors

2019
£

2018
£

Other debtors

966

(1)

966

(1)

 

Diamond Clinical Ltd

Notes to the Financial Statements for the Year Ended 31 August 2019

5

Creditors

Creditors: amounts falling due within one year

2019
£

2018
£

Due within one year

Taxation and social security

-

1,747

Accruals and deferred income

1,200

1,200

1,200

2,947

6

Share capital

Allotted, called up and fully paid shares

 

2019

2018

 

No.

£

No.

£

A Ordinary £1 of £ 1 each

50

50

50

50

B Ordinary £1 of £ 1 each

50

50

50

50

 

100

100

100

100