Discount Security Wholesalers Limited 31/03/2025 iXBRL

Company registration number: 02909555

Discount Security Wholesalers Limited

Unaudited filleted financial statements

31 March 2025

Discount Security Wholesalers Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Discount Security Wholesalers Limited

Directors and other information


	Director	Mr S Kinsley


	Company number	02909555


	Registered office	217 Manchester Road
		Oldham
		OL8 4QY


	Accountant	JP Gallagher & Co
		106 Moston Lane East
		Manchester
		M40 3QL

Discount Security Wholesalers Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	5,794		6,909
		_______		_______
			5,794		6,909

Current assets
Stocks		5,100		12,895
Debtors	7	8,837		5,094
Cash at bank and in hand		10,465		15,627
		_______		_______
		24,402		33,616
Creditors: amounts falling due
within one year	8	( 13,838)		( 19,793)
		_______		_______
Net current assets			10,564		13,823
			_______		_______
Total assets less current liabilities			16,358		20,732

			_______		_______
Net assets			16,358		20,732
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			16,356		20,730
			_______		_______
Shareholder funds			16,358		20,732
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 09 September 2025 , and are signed on behalf of the board by:

Mr S Kinsley

Director

Company registration number: 02909555

Discount Security Wholesalers Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 217 Manchester Road, Oldham, OL8 4QY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 assets

tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	27,941	31,501
Other pension costs	-	1,707
	_______	_______
	27,941	33,208
	_______	_______

5. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	4,440	14,400
	_______	_______

6. Tangible assets

	Short leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	2,448	23,431	13,200	39,079
	_______	_______	_______	_______
Depreciation
At 1 April 2024	-	23,147	9,023	32,170
Charge for the year	-	71	1,044	1,115
	_______	_______	_______	_______
At 31 March 2025	-	23,218	10,067	33,285
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	2,448	213	3,133	5,794
	_______	_______	_______	_______
At 31 March 2024	2,448	284	4,177	6,909
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	3,927	184
Other debtors	4,910	4,910
	_______	_______
	8,837	5,094
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	8,234	13,349
Corporation tax	1,454	1,162
Social security and other taxes	2,070	1,242
Other creditors	2,080	4,040
	_______	_______
	13,838	19,793
	_______	_______

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr S Kinsley	( 1,960)	1,960	-
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr S Kinsley	( 1,960)	-	( 1,960)
		_______	_______	_______