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REGISTERED NUMBER: 06506962 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Partali Enterprises Limited

Partali Enterprises Limited (Registered number: 06506962)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Partali Enterprises Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr L Partali





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 06506962 (England and Wales)





ACCOUNTANTS: Marneros Marcus & Co Ltd
Chartered Certified Accountants
First floor, Hagley Court
40 Vicarage Road
Edgbaston
Birmingham
West Midlands
B15 3EZ

Partali Enterprises Limited (Registered number: 06506962)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,300 120,300
Tangible assets 5 75,502 76,590
195,802 196,890

CURRENT ASSETS
Stocks 820 1,320
Debtors 6 4,703 467
Cash at bank and in hand 3,530 8,158
9,053 9,945
CREDITORS
Amounts falling due within one year 7 127,318 148,326
NET CURRENT LIABILITIES (118,265 ) (138,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,537

58,509

CREDITORS
Amounts falling due after more than one year 8 48,387 35,658
NET ASSETS 29,150 22,851

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 29,050 22,751
29,150 22,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Partali Enterprises Limited (Registered number: 06506962)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





Mr L Partali - Director


Partali Enterprises Limited (Registered number: 06506962)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Partali Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are not amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 12 ) .

Partali Enterprises Limited (Registered number: 06506962)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 120,300
NET BOOK VALUE
At 28 February 2023 120,300
At 28 February 2022 120,300

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 March 2022 62,161 30,496 92,657
Additions - 395 395
At 28 February 2023 62,161 30,891 93,052
DEPRECIATION
At 1 March 2022 - 16,067 16,067
Charge for year - 1,483 1,483
At 28 February 2023 - 17,550 17,550
NET BOOK VALUE
At 28 February 2023 62,161 13,341 75,502
At 28 February 2022 62,161 14,429 76,590

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,703 467

Partali Enterprises Limited (Registered number: 06506962)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,212 61,195
Trade creditors 45,561 34,663
Tax 5,513 5,941
Social security and other taxes 132 747
VAT 19,311 8,074
Other creditors 37,900 18,900
Commercial card 338 338
Directors' current accounts 6,093 7,326
Accrued expenses 7,258 11,142
127,318 148,326

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,808 3,351
Bank loans - 2-5 years 37,579 32,307
48,387 35,658

9. RESERVES
Retained
earnings
£   

At 1 March 2022 22,751
Profit for the year 4,299
Equity dividends 2,000
At 28 February 2023 29,050