Company Registration No. 11824917 (England and Wales)
K P GAYATRI LTD
Unaudited accounts
for the year ended 28 February 2023
K P GAYATRI LTD
Unaudited accounts
Contents
K P GAYATRI LTD
Company Information
for the year ended 28 February 2023
Director
Kiran Pravinchandra Patel
Company Number
11824917 (England and Wales)
Registered Office
6 SYCAMORE CLOSE
SOUTH CROYDON
CR2 7LN
ENGLAND
K P GAYATRI LTD
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
255
527
Creditors: amounts falling due within one year
(385,335)
(379,372)
Net current assets
45,836
52,071
Total assets less current liabilities
45,836
52,071
Creditors: amounts falling due after more than one year
(41,684)
(46,408)
Called up share capital
1
1
Profit and loss account
4,151
5,662
Shareholders' funds
4,152
5,663
For the year ending 28 February 2023 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 14 November 2023 and were signed on its behalf by
Kiran Pravinchandra Patel
Director
Company Registration No. 11824917
K P GAYATRI LTD
Notes to the Accounts
for the year ended 28 February 2023
K P GAYATRI LTD is a private company, limited by shares, registered in England and Wales, registration number 11824917. The registered office is 6 SYCAMORE CLOSE, SOUTH CROYDON, CR2 7LN, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Trade debtors
380,600
380,600
Other debtors
50,316
50,316
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,955
3,592
Trade creditors
372,000
372,000
Amounts owed to group undertakings and other participating interests
3,600
-
Loans from directors
2,860
2,860
K P GAYATRI LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023
2022
The company borrowed bounce back loan of £50,000. There is no interest payable for the first 12 months and after 12 months the interest rate is 2.5% per year.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).