Discount In Limited

Discount In Limited is a small, active company based in Bradford, UK, founded nine years ago in 2016. With five employees and £224,613 in assets, it operates an e-commerce site specializing in retail sale via mail order houses or via internet. The company is led by a solo founder, Khan Hamza, who also serves as both director and owner. It has a real registered address and is likely a small business, meeting two of the three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

The company's website, Discount Fabrics LTD, showcases a wide range of fabrics, patterns, and accessories for dressmaking, bag making, and quilting. It offers a vast selection of fabrics, patterns, and accessories to suit any project and interest. The site highlights dressmaking fabric, bag making supplies, and curtain making materials, catering to hobbyists and professionals alike. It also features a blog with tutorials and inspiration for crafting enthusiasts.

Financially, Discount In Limited shows some interesting trends. Accumulated depreciation on furniture and motor vehicles increased by 30% and 22% respectively, indicating investment in fixed assets. Bank borrowings decreased by 40%, suggesting improved debt management. However, cash bank on hand plummeted by 78%, a significant drop to just £1,900. Creditors also decreased by 47%, which could be a positive sign. Loans from directors, however, surged by 110%, reaching £61,000—a substantial increase. The company’s net assets remained relatively stable, increasing slightly to £62,000.

The company’s small size and lack of an auditor (likely exempt as a small company) mean the figures are unaudited. While the e-commerce site appears vibrant and caters to a growing market, the financial data reveals a mixed picture. The increase in loans from directors, combined with the decrease in cash reserves, suggests the company may be relying on external funding to sustain operations. The business seems to be holding steady, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 09965925, with a registered address at BD9 5DD, England, Bradford, Discount In Limited, Scotchman Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.