Registered Number:07695289 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Y Patel Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Y Patel Limited
Statement of Financial Position
2022
2023
13,600
15,300
2
Property, plant and equipment |
8,732
9,798
3
22,332
25,098
5,800
6,100
4
Trade and other receivables |
152,714
136,717
5
44,215
Cash and cash equivalents |
4,329
147,146
202,729
Trade and other payables: amounts falling due within one |
year |
(140,671)
(80,032)
6
62,058
67,114
Net current assets
Total assets less current liabilities |
89,446
87,156
Trade and other payables: amounts falling due after more |
than one year |
(21,461)
(14,236)
7
75,210
Net assets
65,695
100
100
75,110
65,595
75,210
65,695
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 February 2024 and were signed by: |
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For the year ended 30 June 2023
Y Patel Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 30 June 2023
Y Patel Limited
Notes to the Financial Statements
Statutory Information
Y Patel Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
07695289. |
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and fittings
2. Intangible fixed assets |
Goodwill
34,000
34,000
18,700
1,700
Charge for year
20,400
13,600
15,300
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For the year ended 30 June 2023
Y Patel Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
33,226
474
33,700
Provision for depreciation and impairment |
23,428
Charge for year
1,540
24,968
8,732
9,798
2022
2023
6,100
5,800
5. Trade and other receivables |
2022
2023
875
987
135,842
151,727
152,714
136,717
6. Trade and other payables: amounts falling due within one year |
2022
2023
7,880
7,880
1,176
841
Taxation and social security |
4,389
4,055
66,587
127,895
80,032
140,671
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For the year ended 30 June 2023
Y Patel Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
14,236
21,461
8. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 5)
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