DISCOUNT FIRE SUPPLIES LIMITED

Company Registration Number:
07499137 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

DISCOUNT FIRE SUPPLIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

DISCOUNT FIRE SUPPLIES LIMITED

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 32,273 12,511
Total fixed assets: 32,273 12,511
Current assets
Stocks: 4 480,183 344,500
Debtors: 5 554,758 444,159
Cash at bank and in hand: 80,307 76,063
Total current assets: 1,115,248 864,722
Creditors: amounts falling due within one year: 6 ( 953,802 ) ( 880,074 )
Net current assets (liabilities): 161,446 (15,352)
Total assets less current liabilities: 193,719 ( 2,841)
Creditors: amounts falling due after more than one year: 7 ( 164,852 ) ( 216,830 )
Provision for liabilities: ( 7,026 ) ( 2,002 )
Total net assets (liabilities): 21,841 (221,673)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 21,839 (221,675 )
Total Shareholders' funds: 21,841 (221,673)

The notes form part of these financial statements

DISCOUNT FIRE SUPPLIES LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 13 November 2023
and signed on behalf of the board by:

Name: Mr N A El-Hoss
Status: Director

The notes form part of these financial statements

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Fixture and fittings - 15% per annum of costMotor vehicles - 25% per annum of cost

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 13 11

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 31,442 6,500 37,942
Additions 6,351 22,250 28,601
Disposals
Revaluations
Transfers
At 31 October 2023 37,793 28,750 66,543
Depreciation
At 1 November 2022 18,931 6,500 25,431
Charge for year 3,276 5,563 8,839
On disposals
Other adjustments
At 31 October 2023 22,207 12,063 34,270
Net book value
At 31 October 2023 15,586 16,687 32,273
At 31 October 2022 12,511 0 12,511

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Stocks

2023 2022
£ £
Stocks 480,183 344,500
Total 480,183 344,500

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Trade debtors 317,113 288,973
Prepayments and accrued income 2,863
Other debtors 234,782 155,186
Total 554,758 444,159

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 51,077 46,161
Trade creditors 429,530 454,977
Taxation and social security 204,514 109,216
Accruals and deferred income 1,895 1,840
Other creditors 266,786 267,880
Total 953,802 880,074

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 164,852 216,830
Total 164,852 216,830

DISCOUNT FIRE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Loans to directors

Name of director receiving advance or credit: Mr N A El-Hoss
Description of the transaction:
Advance
£
Balance at 31 October 2022 95,784
Advances or credits made: 144,158
Advances or credits repaid: 102,312
Balance at 31 October 2023 137,630

Name of director receiving advance or credit: Mr T J El-Hoss
Description of the transaction:
Advance
£
Balance at 31 October 2022 59,401
Advances or credits made: 140,064
Advances or credits repaid: 102,312
Balance at 31 October 2023 97,153