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REGISTERED NUMBER: 06003182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DISCOVERY SALES & LETTINGS LTD

DISCOVERY SALES & LETTINGS LTD (REGISTERED NUMBER: 06003182)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DISCOVERY SALES & LETTINGS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Mrs Eleanor Kate Cohen





REGISTERED OFFICE: Morgan Reach House
136 Hagley Road
Birmingham
West Midlands
B16 9NX





REGISTERED NUMBER: 06003182 (England and Wales)

DISCOVERY SALES & LETTINGS LTD (REGISTERED NUMBER: 06003182)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,861 315

CURRENT ASSETS
Debtors 5 83,840 43,954
Cash at bank 49,286 59,903
133,126 103,857
CREDITORS
Amounts falling due within one year 6 35,928 83,688
NET CURRENT ASSETS 97,198 20,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,059

20,484

CREDITORS
Amounts falling due after more than one
year

7

76,661

17,083
NET ASSETS 93,398 3,401

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,298 3,301
93,398 3,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DISCOVERY SALES & LETTINGS LTD (REGISTERED NUMBER: 06003182)

BALANCE SHEET - continued
30 April 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 director and authorised for issue on 22 October 2024 and were signed by:





Mrs Eleanor Kate Cohen - Director


DISCOVERY SALES & LETTINGS LTD (REGISTERED NUMBER: 06003182)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Discovery Sales & Lettings Ltd 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

DISCOVERY SALES & LETTINGS LTD (REGISTERED NUMBER: 06003182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 4,710
Additions 76,178
At 30 April 2024 80,888
DEPRECIATION
At 1 May 2023 4,395
Charge for year 3,632
At 30 April 2024 8,027
NET BOOK VALUE
At 30 April 2024 72,861
At 30 April 2023 315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 11,474
Other debtors 83,840 32,480
83,840 43,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 8,200 8,200
Trade creditors 1,083 662
Taxation and social security 19,534 22,919
Other creditors 7,111 51,907
35,928 83,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 8,883 17,083
Hire purchase contracts 67,778 -
76,661 17,083

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,883 17,083

DISCOVERY SALES & LETTINGS LTD (REGISTERED NUMBER: 06003182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,163 are paid to Tyco Properties Ltd which holds 100% shares of Discovery Sales & Lettings Ltd.

As at the year end the company has a receivable amount of £83,769 from Tyco Properties Ltd as a result of inter company transactions.