Company Registration No. 11446342 (England and Wales)
Discounts 4 U Ltd
Unaudited accounts
for the year ended 31 July 2023
Discounts 4 U Ltd
Unaudited accounts
Contents
Discounts 4 U Ltd
Company Information
for the year ended 31 July 2023
Director
Mohammed Yunus Dad
Company Number
11446342 (England and Wales)
Registered Office
Unit 3A
Springfield Park, Cottenham Lane
Salford
Lancashire
M7 1TW
England
Accountants
Ray One Accountant
16 Symonds Road
Fulwood
Preston
Lancashire
PR2 3DH
Discounts 4 U Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
10,497
1,250
Inventories
110,000
100,000
Cash at bank and in hand
185,353
60,255
Creditors: amounts falling due within one year
(270,594)
(159,977)
Net current assets
24,759
278
Called up share capital
100
100
Profit and loss account
35,156
1,428
Shareholders' funds
35,256
1,528
For the year ending 31 July 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 31 March 2024 and were signed on its behalf by
Mohammed Yunus Dad
Director
Company Registration No. 11446342
Discounts 4 U Ltd
Notes to the Accounts
for the year ended 31 July 2023
Discounts 4 U Ltd is a private company, limited by shares, registered in England and Wales, registration number 11446342. The registered office is Unit 3A, Springfield Park, Cottenham Lane, Salford, Lancashire, M7 1TW, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% RB
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
-
3,750
3,750
Revaluations
(3,498)
-
(3,498)
At 31 July 2023
10,497
3,750
14,247
At 1 August 2022
-
2,500
2,500
Charge for the year
-
1,250
1,250
At 31 July 2023
-
3,750
3,750
At 31 July 2023
10,497
-
10,497
At 31 July 2022
-
1,250
1,250
Discounts 4 U Ltd
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
153,315
59,543
Taxes and social security
21,718
11,649
Other creditors
43,993
52,443
Loans from directors
20,273
20,373
6
Average number of employees
During the year the average number of employees was 4 (2022: 5).