Company Registration No. 09965925 (England and Wales)
DISCOUNT IN LIMITED
Unaudited accounts
for the year ended 31 January 2020
DISCOUNT IN LIMITED
Unaudited accounts
Contents
DISCOUNT IN LIMITED
Company Information
for the year ended 31 January 2020
Company Number
09965925 (England and Wales)
Registered Office
UNIT F ST STEPHENS MILL
RIPLEY STREET
BRADFORD
WEST YORKSHIRE
BD5 7JW
UNITED KINGDOM
Accountants
AK ACCOUNTANTS
562-564 MANCHESTER ROAD
BRADFORD
WEST YORKSHIRE
BD5 7LR
DISCOUNT IN LIMITED
Statement of financial position
as at
31 January 2020
Inventories
44,856
36,860
Cash at bank and in hand
3,320
7,086
Creditors: amounts falling due within one year
(46,692)
(43,858)
Net current assets
12,434
11,114
Profit and loss account
12,794
11,538
Shareholders' funds
12,794
11,538
For the year ending 31 January 2020 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 30 November 2020 and were signed on its behalf by
Hamza Khan
Director
Company Registration No. 09965925
DISCOUNT IN LIMITED
Notes to the Accounts
for the year ended 31 January 2020
DISCOUNT IN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09965925. The registered office is UNIT F ST STEPHENS MILL, RIPLEY STREET, BRADFORD, WEST YORKSHIRE, BD5 7JW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Raw materials
44,856
36,860
DISCOUNT IN LIMITED
Notes to the Accounts
for the year ended 31 January 2020
Trade debtors
10,950
11,026
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
1,991
655
Other creditors
5,725
4,227
Loans from directors
38,976
38,976
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).