REGISTERED NUMBER: 06402415 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

DISCOUNT HUNTERS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs E E Hunter

D E Hunter

M A Kitching

SECRETARY:

Mrs E E Hunter

REGISTERED OFFICE:

351-353 Hedon Road

Hull

East Yorkshire

HU9 1RD

REGISTERED NUMBER:

06402415 (England and Wales)

ACCOUNTANTS:

Cheetham Allen

Chartered Accountants

17 Wright Street

Hull

East Yorkshire

HU2 8HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,242

22,989

17,242

22,989

CURRENT ASSETS

Stocks

95,442

100,878

Cash at bank and in hand

836,376

878,440

931,818

979,318

CREDITORS

Amounts falling due within one year

6

137,544

148,036

NET CURRENT ASSETS

794,274

831,282

TOTAL ASSETS LESS CURRENT LIABILITIES

811,516

854,271

PROVISIONS FOR LIABILITIES

7

4,310

5,747

NET ASSETS

807,206

848,524

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

797,206

838,524

SHAREHOLDERS' FUNDS

807,206

848,524

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

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

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 18th September 2025 and were signed on its behalf by:

D E Hunter - Director

M A Kitching - Director

1.	STATUTORY INFORMATION

Discount Hunters Limited 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 represents the cash sales of goods , excluding value added tax.

Goodwill

Goodwill,being the amount paid in connection with the acquisition of a business in 2008 has been amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Expenditure on leasehold property

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 14 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

300,000

AMORTISATION

At 1st April 2024

and 31st March 2025

300,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Expenditure

on

leasehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

142,262

49,871

46,199

238,332

DEPRECIATION

At 1st April 2024

142,262

39,744

33,337

215,343

Charge for year

-

2,532

3,215

5,747

At 31st March 2025

142,262

42,276

36,552

221,090

NET BOOK VALUE

At 31st March 2025

-

7,595

9,647

17,242

At 31st March 2024

-

10,127

12,862

22,989

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

54,816

22,358

Corporation tax

20,160

33,053

Social security and other taxes

18,281

31,345

Directors' current accounts

45

14,422

Accruals and deferred income

44,242

46,858

137,544

148,036

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

4,310

5,747

Deferred

tax

£

Balance at 1st April 2024

5,747

Accelerated capital allowances

(1,437

)

Balance at 31st March 2025

4,310

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000