Company Registration No. 10625460 (England and Wales)
DISCOUNTED PRICE LIMITED
Unaudited accounts
for the year ended 29 February 2024
DISCOUNTED PRICE LIMITED
Unaudited accounts
Contents
DISCOUNTED PRICE LIMITED
Company Information
for the year ended 29 February 2024
Company Number
10625460 (England and Wales)
Registered Office
67 WEEKES DRIVE
SLOUGH
SL1 2YN
UNITED KINGDOM
DISCOUNTED PRICE LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
20,554
4,212
Inventories
185,000
235,000
Cash at bank and in hand
7,641
30,822
Creditors: amounts falling due within one year
(202,280)
(346,969)
Net current assets
67,369
68,573
Total assets less current liabilities
87,923
72,785
Creditors: amounts falling due after more than one year
(13,254)
(23,575)
Called up share capital
1
1
Profit and loss account
74,668
49,209
Shareholders' funds
74,669
49,210
For the year ending 29 February 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 20 November 2024 and were signed on its behalf by
Shoaib Aslam
Director
Company Registration No. 10625460
DISCOUNTED PRICE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
DISCOUNTED PRICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10625460. The registered office is 67 WEEKES DRIVE, SLOUGH, SL1 2YN, 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.
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:
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
-
6,794
516
7,310
Additions
14,950
6,550
-
21,500
At 29 February 2024
14,950
13,344
516
28,810
At 1 March 2023
-
2,872
226
3,098
Charge for the year
2,990
2,095
73
5,158
At 29 February 2024
2,990
4,967
299
8,256
At 29 February 2024
11,960
8,377
217
20,554
At 28 February 2023
-
3,922
290
4,212
Amounts falling due within one year
Other debtors
77,008
149,720
DISCOUNTED PRICE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,885
10,699
Obligations under finance leases and hire purchase contracts
6,469
-
Taxes and social security
13,450
17,040
Loans from directors
89,564
223,245
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).