Company Registration No. 09965925 (England and Wales)
DISCOUNT IN LIMITED
Unaudited accounts
for the year ended 31 January 2021
DISCOUNT IN LIMITED
Unaudited accounts
Contents
DISCOUNT IN LIMITED
Company Information
for the year ended 31 January 2021
Company Number
09965925 (England and Wales)
Registered Office
DISCOUNT IN LIMITED
SCOTCHMAN ROAD
BRADFORD
WEST YORKSHIRE
BD9 5DD
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 2021
Tangible assets
18,584
360
Inventories
27,190
44,856
Cash at bank and in hand
154,386
3,320
Creditors: amounts falling due within one year
(85,339)
(46,692)
Net current assets
97,077
12,434
Total assets less current liabilities
115,661
12,794
Creditors: amounts falling due after more than one year
(60,986)
-
Profit and loss account
54,675
12,794
Shareholders' funds
54,675
12,794
For the year ending 31 January 2021 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 5 October 2021 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 2021
DISCOUNT IN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09965925. The registered office is DISCOUNT IN LIMITED, SCOTCHMAN ROAD, BRADFORD, WEST YORKSHIRE, BD9 5DD, 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
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2020
-
499
499
Additions
17,811
4,740
22,551
At 31 January 2021
17,811
5,239
23,050
At 1 February 2020
-
139
139
Charge for the year
3,562
765
4,327
At 31 January 2021
3,562
904
4,466
At 31 January 2021
14,249
4,335
18,584
At 31 January 2020
-
360
360
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
840
-
DISCOUNT IN LIMITED
Notes to the Accounts
for the year ended 31 January 2021
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
3,564
-
Taxes and social security
62
1,991
Loans from directors
40,480
38,976
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
10,986
-
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).