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Company Registration No. 10625460 (England and Wales)
DISCOUNTED PRICE LIMITED Unaudited accounts for the year ended 28 February 2023
DISCOUNTED PRICE LIMITED Unaudited accounts Contents
Page
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DISCOUNTED PRICE LIMITED Company Information for the year ended 28 February 2023
Director
Shoaib Aslam
Company Number
10625460 (England and Wales)
Registered Office
67 WEEKES DRIVE SLOUGH SL1 2YN UNITED KINGDOM
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DISCOUNTED PRICE LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,212 
5,290 
Current assets
Inventories
235,000 
220,000 
Debtors
149,720 
149,720 
Cash at bank and in hand
30,822 
3,932 
415,542 
373,652 
Creditors: amounts falling due within one year
(346,969)
(295,508)
Net current assets
68,573 
78,144 
Total assets less current liabilities
72,785 
83,434 
Creditors: amounts falling due after more than one year
(23,575)
(34,469)
Net assets
49,210 
48,965 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
49,209 
48,964 
Shareholders' funds
49,210 
48,965 
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Shoaib Aslam Director Company Registration No. 10625460
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DISCOUNTED PRICE LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
DISCOUNTED PRICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10625460. The registered office is 67 WEEKES DRIVE, SLOUGH, SL1 2YN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
6,794 
516 
7,310 
At 28 February 2023
6,794 
516 
7,310 
Depreciation
At 1 March 2022
1,891 
129 
2,020 
Charge for the year
981 
97 
1,078 
At 28 February 2023
2,872 
226 
3,098 
Net book value
At 28 February 2023
3,922 
290 
4,212 
At 28 February 2022
4,903 
387 
5,290 
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DISCOUNTED PRICE LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
149,720 
149,720 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,699 
14,448 
VAT
88,977 
30,163 
Taxes and social security
17,040 
10,138 
Other creditors
5,308 
5,001 
Loans from directors
223,245 
234,658 
Accruals
1,700 
1,100 
346,969 
295,508 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,575 
34,469 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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