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REGISTERED NUMBER: 09683303 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DISCRETE SOLUTIONS LIMITED

DISCRETE SOLUTIONS LIMITED (REGISTERED NUMBER: 09683303)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


DISCRETE SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: Mr S Payne
Mr B Addison





REGISTERED OFFICE: Penistone 1, Suite 5
Regent Court
St Mary's Street
Penistone
South Yorkshire
S36 6DT





REGISTERED NUMBER: 09683303 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

DISCRETE SOLUTIONS LIMITED (REGISTERED NUMBER: 09683303)

REPORT OF THE DIRECTORS
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the design and provision of electrical installation services.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 February 2023 to the date of this report.

The beneficial interests of the directors holding office at 31 January 2024 in the shares of the company, according to the register of directors' interests, were as follows:

31.1.24 1.2.23
Ordinary shares of £1.00 each
Mr S Payne 1 1
Mr B Addison - -

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S Payne - Director


15 October 2024

DISCRETE SOLUTIONS LIMITED (REGISTERED NUMBER: 09683303)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,670 14,381

CURRENT ASSETS
Stocks 6,080 109,302
Debtors 5 93,910 37,360
Cash at bank 242,825 181,864
342,815 328,526
CREDITORS
Amounts falling due within one year 6 (61,819 ) (69,251 )
NET CURRENT ASSETS 280,996 259,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,666

273,656

PROVISIONS FOR LIABILITIES (3,668 ) (2,732 )
NET ASSETS 291,998 270,924

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 291,997 270,923
SHAREHOLDERS' FUNDS 291,998 270,924

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

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

The directors acknowledge their 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.

DISCRETE SOLUTIONS LIMITED (REGISTERED NUMBER: 09683303)

BALANCE SHEET - continued
31 January 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 Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Mr S Payne - Director


DISCRETE SOLUTIONS LIMITED (REGISTERED NUMBER: 09683303)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Discrete Solutions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

DISCRETE SOLUTIONS LIMITED (REGISTERED NUMBER: 09683303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 2,011 7,326 21,788 31,125
Additions 2,072 2,085 3,363 7,520
At 31 January 2024 4,083 9,411 25,151 38,645
DEPRECIATION
At 1 February 2023 321 2,896 13,527 16,744
Charge for year 602 1,753 4,876 7,231
At 31 January 2024 923 4,649 18,403 23,975
NET BOOK VALUE
At 31 January 2024 3,160 4,762 6,748 14,670
At 31 January 2023 1,690 4,430 8,261 14,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 87,632 27,388
Other debtors 6,278 9,972
93,910 37,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 51,550 60,313
Taxation and social security 6,413 5,842
Other creditors 3,856 3,096
61,819 69,251

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 272 250

DISCRETE SOLUTIONS LIMITED (REGISTERED NUMBER: 09683303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. RELATED PARTY DISCLOSURES

During the year, the company was charged £177,796 (2023 : £113,497) from Integrated Control Ltd for the provision of goods and services.
Included in other debtors is £2,000 (2023 : £4,280) owed by Integrated Control Ltd, in trade debtors is £26,538 (2023 : £Nil) owed by Integrated Control Ltd and included in trade creditors is £Nil (2023 : £6,420) owed to Integrated Control Ltd
Integrated Control Ltd is a Company registered in England and Wales, in which Mr S Payne is a director and shareholder.

During the year, the Company was charged £66,619 (2023 : £30,390) from Ben Addison Limited for the provision of goods and services.
During the year, the Company charged Ben Addison Ltd £1,139 (2023 : £3,715) for the provision of goods and services.
Included in trade creditors is £11,197 (2023 : £1,998) and included in trade debtors is £Nil (2023 : £1,971) owed from/to Ben Addison Limited.
Ben Addison Ltd is a Company registered in England and Wales, in which Mr Ben Addison is a director and a shareholder.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Payne.