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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
Page
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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
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Discounts 4 U Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,497 
1,250 
Current assets
Inventories
110,000 
100,000 
Cash at bank and in hand
185,353 
60,255 
295,353 
160,255 
Creditors: amounts falling due within one year
(270,594)
(159,977)
Net current assets
24,759 
278 
Net assets
35,256 
1,528 
Capital and reserves
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
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Discounts 4 U Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
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
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 
Additions
13,995 
- 
13,995 
Revaluations
(3,498)
- 
(3,498)
At 31 July 2023
10,497 
3,750 
14,247 
Depreciation
At 1 August 2022
- 
2,500 
2,500 
Charge for the year
- 
1,250 
1,250 
At 31 July 2023
- 
3,750 
3,750 
Net book value
At 31 July 2023
10,497 
- 
10,497 
At 31 July 2022
- 
1,250 
1,250 
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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 
£ 
£ 
VAT
26,295 
13,469 
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 
Accruals
5,000 
2,500 
270,594 
159,977 
6
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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