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
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
S&R Patel Limited
Statement of financial position
as at 31 October 2023
Tangible assets
2,109,514
2,109,514
Cash at bank and in hand
39,213
63,927
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
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
S&R Patel Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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
At 1 November 2022
2,109,514
At 31 October 2023
2,109,514
At 31 October 2023
2,109,514
At 31 October 2022
2,109,514
Amounts falling due within one year
Trade debtors
11,667
3,107
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
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).