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Company Registration No. 11191653 (England and Wales)
Deal4Doors Ltd Unaudited accounts for the year ended 31 March 2024
Deal4Doors Ltd Unaudited accounts Contents
Page
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Deal4Doors Ltd Company Information for the year ended 31 March 2024
Directors
P.M.Lord M.A.R.Rose
Company Number
11191653 (England and Wales)
Registered Office
25 Woodland Drive Middleton Leeds West Yorkshire LS10 4GW UK
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Deal4Doors Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,628 
29,527 
Current assets
Inventories
246,319 
198,284 
Debtors
50,872 
44,979 
Cash at bank and in hand
112,232 
128,131 
409,423 
371,394 
Creditors: amounts falling due within one year
(407,588)
(317,486)
Net current assets
1,835 
53,908 
Total assets less current liabilities
16,463 
83,435 
Creditors: amounts falling due after more than one year
(13,333)
(23,606)
Provisions for liabilities
Deferred tax
(2,779)
(5,610)
Net assets
351 
54,219 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
349 
54,217 
Shareholders' funds
351 
54,219 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
M.A.R.Rose Director Company Registration No. 11191653
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Deal4Doors Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Deal4Doors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11191653. The registered office is 25 Woodland Drive, Middleton, Leeds, West Yorkshire, LS10 4GW, UK.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Computer equipment
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Deal4Doors Ltd Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
25,589 
49,664 
6,801 
82,054 
Additions
- 
- 
1,628 
1,628 
At 31 March 2024
25,589 
49,664 
8,429 
83,682 
Depreciation
At 1 April 2023
15,264 
33,696 
3,567 
52,527 
Charge for the year
4,908 
9,933 
1,686 
16,527 
At 31 March 2024
20,172 
43,629 
5,253 
69,054 
Net book value
At 31 March 2024
5,417 
6,035 
3,176 
14,628 
At 31 March 2023
10,325 
15,968 
3,234 
29,527 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
2,273 
6,168 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
13,626 
18,084 
Other debtors
37,246 
26,895 
50,872 
44,979 
Amounts due after more than one year
14,640 
26,895 
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Deal4Doors Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
VAT
21,298 
35,739 
Obligations under finance leases and hire purchase contracts
2,273 
3,895 
Trade creditors
341,222 
247,107 
Taxes and social security
25,418 
7,220 
Loans from directors
- 
8,544 
Accruals
9,377 
6,981 
407,588 
317,486 
The amount due in respect of Obligations under Hire Purchase contracts is secured on the asset to which it relates.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
21,333 
Obligations under finance leases and hire purchase contracts
- 
2,273 
13,333 
23,606 
The amount due in respect of Obligations under Hire Purchase contracts is secured on the asset to which it relates.
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,362 
- 
Later than one year and not later than five years
23,496 
108,407 
41,858 
108,407 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
P.M.Lord
Loan from company
- 
5,175 
- 
5,175 
M.A.R.Rose
Loan from company
- 
5,176 
- 
5,176 
- 
10,351 
- 
10,351 
During the year, the directors received a loan from the company of £5,176 (M A R Rose) and £5,175 (P M Lord), both sums outstanding at the year end. These were the maximum balances outstanding during the year. The individual loans did not exceed £10,000 and are interest free, unsecured and repayable on demand. It is the intention of the directors to repay the loans in full as quickly as possible.
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Deal4Doors Ltd Notes to the Accounts for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 11 (2023: 11).
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