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Registered number: 06879860

UTTAM PATEL LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

UTTAM PATEL LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
Mr U Patel
REGISTERED OFFICE
Sterling House
31/32 High street
WELLINGBOROUGH
Northants
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06879860
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

UTTAM PATEL LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

UTTAM PATEL LIMITED

BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Intangible assets26,1257,000
Tangible assets31,5161,467
7,6418,467
CURRENT ASSETS
Stock14,00012,000
Debtors515,7285,382
Cash at bank and in hand39,106127,934
68,834145,316
CREDITORS: Amounts falling due within one year618,180116,253
NET CURRENT ASSETS50,65429,063
TOTAL ASSETS LESS CURRENT LIABILITIES58,29537,530
PROVISIONS FOR LIABILITIES AND CHARGES8288279
NET ASSETS58,00737,251
CAPITAL AND RESERVES
Called up share capital91012
Profit and loss account57,90637,249
SHAREHOLDERS' FUNDS58,00737,251
For the year ending 31/03/2022 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/08/2022 and signed on their behalf by
.............................
Mr U Patel
Director

UTTAM PATEL LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

UTTAM PATEL LIMITED

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202165,50065,500
At 31/03/202265,50065,500
Depreciation
At 01/04/202158,50058,500
For the year875875
At 31/03/202259,37559,375
Net Book Amounts
At 31/03/20226,1256,125
At 31/03/20217,0007,000
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/20216,0866,086
Additions1,1941,194
At 31/03/20227,2807,280
Depreciation
At 01/04/20214,6194,619
For the year1,1451,145
At 31/03/20225,7645,764
Net Book Amounts
At 31/03/20221,5161,516
At 31/03/20211,4671,467
4. STOCK 20222021
££
Stock comprises:
Stock14,00012,000
14,00012,000

UTTAM PATEL LIMITED

5. DEBTORS 20222021
££
Amounts falling due within one year
Prepayments1,4791,482
Directors current account8,849-
10,3281,482
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax17,05214,421
Directors current account-100,760
Accruals1,1281,072
18,180116,253
7. EMPLOYEES
20222021
No.No.
Average number of employees44
8. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation288279
288279

UTTAM PATEL LIMITED

9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each1002
1 Class A shares of £1 each1
1012
10. CONTROLLING PARTY
The company is controlled by Mr U Patel.
11. RELATED PARTY TRANSACTIONS
The following advances and credits to directors subsisted during the years ended 31 March 2022: Amounts advanced - £173,421, amounts repaid - (£63,812).
During the year, total dividends of £50,000 (2021 £35,000) were paid to the director.