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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
Page
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DISCOUNT IN LIMITED Company Information for the year ended 31 January 2024
Director
Hamza Khan
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
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DISCOUNT IN LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,017 
11,952 
Current assets
Inventories
222,735 
263,557 
Cash at bank and in hand
1,878 
8,352 
224,613 
271,909 
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)
Net assets
61,713 
61,283 
Capital and reserves
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
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DISCOUNT IN LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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:
4
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 
Depreciation
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 
Net book value
At 31 January 2024
5,966 
3,051 
9,017 
At 31 January 2023
8,138 
3,814 
11,952 
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DISCOUNT IN LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
40,476 
39,658 
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 
156,623 
193,719 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,998 
24,999 
Obligations under finance leases and hire purchase contracts
296 
3,860 
15,294 
28,859 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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