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REGISTERED NUMBER: 06402415 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

DISCOUNT HUNTERS LIMITED

DISCOUNT HUNTERS LIMITED (REGISTERED NUMBER: 06402415)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DISCOUNT HUNTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: D Hunter





SECRETARY: Mrs E E Hunter





REGISTERED OFFICE: 351-353 Hedon Road
Hull
East Yorkshire
HU9 1RD





REGISTERED NUMBER: 06402415 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

DISCOUNT HUNTERS LIMITED (REGISTERED NUMBER: 06402415)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,989 30,652
22,989 30,652

CURRENT ASSETS
Stocks 100,878 141,128
Cash at bank 878,440 805,220
979,318 946,348
CREDITORS
Amounts falling due within one year 6 148,036 149,225
NET CURRENT ASSETS 831,282 797,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

854,271

827,775

PROVISIONS FOR LIABILITIES 7 5,747 5,824
NET ASSETS 848,524 821,951

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 838,524 811,951
SHAREHOLDERS' FUNDS 848,524 821,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DISCOUNT HUNTERS LIMITED (REGISTERED NUMBER: 06402415)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th July 2024 and were signed by:





D Hunter - Director


DISCOUNT HUNTERS LIMITED (REGISTERED NUMBER: 06402415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Discount Hunters Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the cash sales of goods , excluding value added tax.

Goodwill
Goodwill,being the amount paid in connection with the acquisition of a business in 2008 has been amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Expenditure on leasehold property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DISCOUNT HUNTERS LIMITED (REGISTERED NUMBER: 06402415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 300,000
AMORTISATION
At 1st April 2023
and 31st March 2024 300,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Expenditure
on
leasehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 142,262 49,871 46,199 238,332
DEPRECIATION
At 1st April 2023 142,262 36,369 29,049 207,680
Charge for year - 3,375 4,288 7,663
At 31st March 2024 142,262 39,744 33,337 215,343
NET BOOK VALUE
At 31st March 2024 - 10,127 12,862 22,989
At 31st March 2023 - 13,502 17,150 30,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,358 67,052
Corporation tax 33,053 18,029
Social security and other taxes 31,345 6,265
Directors' current accounts 14,422 18,248
Accruals and deferred income 46,858 39,631
148,036 149,225

DISCOUNT HUNTERS LIMITED (REGISTERED NUMBER: 06402415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,747 5,824

Deferred
tax
£   
Balance at 1st April 2023 5,824
Accelerated capital allowances (77 )
Balance at 31st March 2024 5,747

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Hunter.