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Company Registration No. 06973857 (England and Wales)
S&R Patel Limited Unaudited accounts for the year ended 31 October 2023
S&R Patel Limited Unaudited accounts Contents
Page
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S&R Patel Limited Company Information for the year ended 31 October 2023
Directors
Mr P V Patel Mr S Patel Mrs J B Patel
Company Number
06973857 (England and Wales)
Registered Office
Teesdale Gorse Rise Grantham Nottinghamshire NG31 9DS England
Accountants
Tax Accounting & Business Solutions Limited 9 Sumner Street Leyland Lancashire PR25 2LD
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S&R Patel Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,109,514 
2,109,514 
Current assets
Debtors
11,667 
3,107 
Cash at bank and in hand
39,213 
63,927 
50,880 
67,034 
Creditors: amounts falling due within one year
(580,073)
(640,936)
Net current liabilities
(529,193)
(573,902)
Total assets less current liabilities
1,580,321 
1,535,612 
Creditors: amounts falling due after more than one year
(893,106)
(935,409)
Net assets
687,215 
600,203 
Capital and reserves
Called up share capital
40,000 
40,000 
Profit and loss account
647,215 
560,203 
Shareholders' funds
687,215 
600,203 
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 11 May 2024 and were signed on its behalf by
Mr P V Patel Director Company Registration No. 06973857
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S&R Patel Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
S&R Patel Limited is a private company, limited by shares, registered in England and Wales, registration number 06973857. The registered office is Teesdale, Gorse Rise, Grantham, Nottinghamshire, NG31 9DS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% per annum
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,109,514 
At 31 October 2023
2,109,514 
Depreciation
At 31 October 2023
- 
Net book value
At 31 October 2023
2,109,514 
At 31 October 2022
2,109,514 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,667 
3,107 
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S&R Patel Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
61,879 
49,429 
Loans from directors
489,063 
562,376 
Accruals
29,131 
29,131 
580,073 
640,936 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
893,106 
935,409 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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