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REGISTERED NUMBER: 02993740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Disco Drives (King's Lynn) Limited

Disco Drives (King's Lynn) Limited (Registered number: 02993740)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


Disco Drives (King's Lynn) Limited (Registered number: 02993740)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £ £
Fixed assets
Tangible assets 5 29,561 31,178

Current assets
Stocks 215,766 215,766
Debtors 6 126,809 141,877
Cash at bank and in hand 5,285 90,846
347,860 448,489
Creditors
Amounts falling due within one year 7 (96,470 ) (110,229 )
Net current assets 251,390 338,260
Total assets less current liabilities 280,951 369,438

Provisions for liabilities 9,947 (4,369 )
Net assets 290,898 365,069

Capital and reserves
Called up share capital 1,301 1,301
Capital redemption reserve 4 4
Retained earnings 289,593 363,764
290,898 365,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Disco Drives (King's Lynn) Limited (Registered number: 02993740)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





Mr R W Greenacre - Director


Disco Drives (King's Lynn) Limited (Registered number: 02993740)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. Statutory information

Disco Drives (King's Lynn) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02993740

Registered office: Oldmedow Road
Hardwick Industrial Estate
King's Lynn
Norfolk
PE30 4LE

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance
Computer equipment - 20% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.

Disco Drives (King's Lynn) Limited (Registered number: 02993740)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. Accounting policies - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Disco Drives (King's Lynn) Limited (Registered number: 02993740)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. Accounting policies - continued
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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of assets.

4. Employees and directors

The average number of employees during the year was 14 (2024 - 14 ) .

Disco Drives (King's Lynn) Limited (Registered number: 02993740)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 April 2024 250,677 6,000 76,841 333,518
Additions 3,675 - - 3,675
At 31 March 2025 254,352 6,000 76,841 337,193
Depreciation
At 1 April 2024 220,380 5,621 76,339 302,340
Charge for year 5,096 96 100 5,292
At 31 March 2025 225,476 5,717 76,439 307,632
Net book value
At 31 March 2025 28,876 283 402 29,561
At 31 March 2024 30,297 379 502 31,178

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£ £
Trade debtors 121,109 136,857
Other debtors 5,700 5,020
126,809 141,877

7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£ £
Trade creditors 40,008 26,003
Taxation and social security 37,811 11,898
Other creditors 18,651 72,328
96,470 110,229