Company Registration No. 09965925 (England and Wales)
DISCOUNT IN LIMITED
Unaudited accounts
for the year ended 31 January 2024
DISCOUNT IN LIMITED
Unaudited accounts
Contents
DISCOUNT IN LIMITED
Company Information
for the year ended 31 January 2024
Company Number
09965925 (England and Wales)
Registered Office
DISCOUNT IN LIMITED
SCOTCHMAN ROAD
BRADFORD
WEST YORKSHIRE
BD9 5DD
UNITED KINGDOM
Accountants
AK ACCOUNTANTS
562-564 MANCHESTER ROAD
BRADFORD
WEST YORKSHIRE
BD5 7LR
DISCOUNT IN LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
9,017
11,952
Inventories
222,735
263,557
Cash at bank and in hand
1,878
8,352
Creditors: amounts falling due within one year
(156,623)
(193,719)
Net current assets
67,990
78,190
Total assets less current liabilities
77,007
90,142
Creditors: amounts falling due after more than one year
(15,294)
(28,859)
Profit and loss account
61,713
61,283
Shareholders' funds
61,713
61,283
For the year ending 31 January 2024 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 19 August 0245 and were signed on its behalf by
Hamza Khan
Director
Company Registration No. 09965925
DISCOUNT IN LIMITED
Notes to the Accounts
for the year ended 31 January 2024
DISCOUNT IN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09965925. The registered office is DISCOUNT IN LIMITED, SCOTCHMAN ROAD, BRADFORD, WEST YORKSHIRE, BD9 5DD, UNITED KINGDOM.
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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:
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
17,811
6,321
24,132
At 31 January 2024
17,811
6,321
24,132
At 1 February 2023
9,673
2,507
12,180
Charge for the year
2,172
763
2,935
At 31 January 2024
11,845
3,270
15,115
At 31 January 2024
5,966
3,051
9,017
At 31 January 2023
8,138
3,814
11,952
DISCOUNT IN LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
3,564
3,564
Trade creditors
30,195
83,537
Taxes and social security
375
3,733
Other creditors
11,266
24,177
Loans from directors
60,747
29,050
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
296
3,860
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Average number of employees
During the year the average number of employees was 5 (2023: 5).