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REGISTERED NUMBER: 14275513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 4 AUGUST 2022 TO 31 AUGUST 2023

FOR

NIKUL PATEL LIMITED

NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 AUGUST 2022 TO 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

NIKUL PATEL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 4 AUGUST 2022 TO 31 AUGUST 2023







DIRECTOR: N N Patel





REGISTERED OFFICE: C/o Cox Costello & Horne
Batchworth Lock House
99 Church Street
Rickmansworth
London
WD3 1JJ





REGISTERED NUMBER: 14275513 (England and Wales)





ACCOUNTANTS: Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ

NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

BALANCE SHEET
31 AUGUST 2023

Notes £ £
FIXED ASSETS
Intangible assets 4 12,369

CURRENT ASSETS
Debtors 5 675
Cash at bank 61,119
61,794
CREDITORS
Amounts falling due within one year 6 21,402
NET CURRENT ASSETS 40,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,761

PROVISIONS FOR LIABILITIES 2,562
NET ASSETS 50,199

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 50,099
50,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:





N N Patel - Director


NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 AUGUST 2022 TO 31 AUGUST 2023


1. STATUTORY INFORMATION

Nikul Patel 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.

Going concern basis
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover comprises revenue recognised by the company in respect of medical services supplied. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes, such as value-added tax.

The following criteria must also be met before turnover is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Turnover is wholly derived within the United Kingdom.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

The cost of an asset initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Financial instruments
a) Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash
Cash is represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 AUGUST 2022 TO 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
Additions 12,369
At 31 August 2023 12,369
NET BOOK VALUE
At 31 August 2023 12,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Taxation and social security 18,999
Other creditors 2,403
21,402

7. RELATED PARTY DISCLOSURES

During the period, total dividends of £34,000 were paid to the director .

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NIKUL PATEL LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nikul Patel Limited for the period ended 31 August 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nikul Patel Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nikul Patel Limited and state those matters that we have agreed to state to the director of Nikul Patel Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nikul Patel Limited and its director for our work or for this report.

It is your duty to ensure that Nikul Patel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nikul Patel Limited. You consider that Nikul Patel Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Nikul Patel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ


15 April 2024