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Company Registration No. 08774534 (England and Wales)
ALLSORTS DISCOUNTS LTD Unaudited accounts for the year ended 30 November 2024
ALLSORTS DISCOUNTS LTD Unaudited accounts Contents
Page
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ALLSORTS DISCOUNTS LTD Company Information for the year ended 30 November 2024
Director
MR P S Bhangoo
Company Number
08774534 (England and Wales)
Registered Office
25 Whetley Lane Bradford West Yorkshire BD8 9EH United Kingdom
Accountants
Arif Khan Accountants Limited 25 Whetley Lane Bradford W Yorkshire BD8 9EH
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ALLSORTS DISCOUNTS LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,219 
20,273 
Current assets
Inventories
72,844 
80,664 
Debtors
4,500 
4,500 
Cash at bank and in hand
96,994 
49,930 
174,338 
135,094 
Creditors: amounts falling due within one year
(97,176)
(53,902)
Net current assets
77,162 
81,192 
Net assets
93,381 
101,465 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
93,281 
101,365 
Shareholders' funds
93,381 
101,465 
For the year ending 30 November 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 26 August 2025 and were signed on its behalf by
MR P S Bhangoo Director Company Registration No. 08774534
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ALLSORTS DISCOUNTS LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
ALLSORTS DISCOUNTS LTD is a private company, limited by shares, registered in England and Wales, registration number 08774534. The registered office is 25 Whetley Lane, Bradford, West Yorkshire, BD8 9EH, 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.
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 as modified by the revaluation of certain fixed assets.
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 recognized 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 recognized by reference to the stage of completion of the contract.
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% reducing balances
Motor vehicles
20% reducing balances
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation. Written off over 5 years.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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ALLSORTS DISCOUNTS LTD Notes to the Accounts for the year ended 30 November 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
60,000 
At 30 November 2024
60,000 
Amortisation
At 1 December 2023
60,000 
At 30 November 2024
60,000 
Net book value
At 30 November 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
17,081 
25,322 
42,403 
At 30 November 2024
17,081 
25,322 
42,403 
Depreciation
At 1 December 2023
13,015 
9,115 
22,130 
Charge for the year
813 
3,241 
4,054 
At 30 November 2024
13,828 
12,356 
26,184 
Net book value
At 30 November 2024
3,253 
12,966 
16,219 
At 30 November 2023
4,066 
16,207 
20,273 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,500 
4,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,560 
7,721 
Trade creditors
2,330 
2,831 
Taxes and social security
20,786 
20,850 
Proposed dividends
60,000 
20,000 
Accruals
2,500 
2,500 
97,176 
53,902 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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