2023-06-012024-05-312024-05-31false13414334DISCOVER ME 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DISCOVER ME LTD

Registered Number
13414334
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

DISCOVER ME LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Shaun Simon

Company Secretary

Shaun Simon

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

13414334 (England and Wales)
DISCOVER ME LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3375562
375562
Current assets
Debtors46,1875
Cash at bank and on hand11,3013,865
17,4883,870
Creditors amounts falling due within one year5(14,830)(10,774)
Net current assets (liabilities)2,658(6,904)
Total assets less current liabilities3,033(6,342)
Net assets3,033(6,342)
Capital and reserves
Called up share capital100100
Profit and loss account2,933(6,442)
Shareholders' funds3,033(6,342)
The financial statements were approved and authorised for issue by the Director on 21 February 2025, and are signed on its behalf by:
Shaun Simon
Director
Registered Company No. 13414334
DISCOVER ME LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year01
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 23749
At 31 May 24749
Depreciation and impairment
At 01 June 23187
Charge for year187
At 31 May 24374
Net book value
At 31 May 24375
At 31 May 23562
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,810-
Other debtors4,3775
Total6,1875
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables25-
Taxation and social security11,3257,662
Other creditors-112
Accrued liabilities and deferred income3,4803,000
Total14,83010,774
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.