PATEL RETAIL LIMITED

Company Registration Number:
SC740544 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 08 August 2022

End date: 31 August 2023

PATEL RETAIL LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

PATEL RETAIL LIMITED

Company Information

for the Period Ended 31 August 2023




Director: RIMABEN RITESHKUMAR PATEL
RITESHKUMAR PATEL
Registered office: 26
Hillcrest
Bo'Ness
GB-SCT
EH51 9HT
Company Registration Number: SC740544 (Scotland)

PATEL RETAIL LIMITED

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal Activities

The company's principal activity during the period was that of licensed grocers.

Directors

The directors shown below have held office during the whole of the period from 08 August 2022 to 31 August 2023
RIMABEN RITESHKUMAR PATEL

The director(s) shown below were appointed to the company during the period
RITESHKUMAR PATEL
10 August 2023

This report was approved by the board of directors on 21 September 2023
And Signed On Behalf Of The Board By:

Name: RITESHKUMAR PATEL
Status: Director

PATEL RETAIL LIMITED

Balance sheet

As at 31 August 2023


Notes
13 months to
31 Aug 2023
£
Fixed assets
Tangible assets: 4 11,938
Total fixed assets: 11,938
Current assets
Stocks: 34,350
Debtors: 5 6,955
Cash at bank and in hand: 6,532
Total current assets: 47,837
Creditors: amounts falling due within one year: 6 ( 58,119 )
Net current assets (liabilities): ( 10,282 )
Total assets less current liabilities: 1,656
Total net assets (liabilities): 1,656

The notes form part of these financial statements

PATEL RETAIL LIMITED

Balance sheet continued

As at 31 August 2023


Notes
13 months to
31 Aug 2023
£
Capital and reserves
Called up share capital: 1
Profit and loss account: 1,655
Shareholders funds: 1,656

For the year ending 31 August 2023 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.

This report was approved by the board of directors on 21 September 2023
And Signed On Behalf Of The Board By:

Name: RITESHKUMAR PATEL
Status: Director

The notes form part of these financial statements

PATEL RETAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PATEL RETAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    13 months to
    31 Aug 2023
    Average number of employees during the period 2

PATEL RETAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

PATEL RETAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
Additions 11,050 2,214 13,264
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 August 2023 11,050 2,214 13,264
Depreciation
Charge for year 1,105 221 1,326
On disposals - - -
Other adjustments - - -
At 31 August 2023 1,105 221 1,326
Net book value
At 31 August 2023 9,945 1,993 11,938

PATEL RETAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Debtors

13 months to
31 Aug 2023
£
Prepayments and accrued income 6,955
Total 6,955

PATEL RETAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6.Creditors: amounts falling due within one year note

13 months to
31 Aug 2023
£
Trade creditors 16,430
Taxation and social security 699
Accruals and deferred income 570
Other creditors 40,420
Total 58,119