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REGISTERED NUMBER: 14275513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 6 SEPTEMBER 2024

FOR

NIKUL PATEL LIMITED

NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 6 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

BALANCE SHEET
6 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 12,369
Tangible assets 6 1,130 -
1,130 12,369

CURRENT ASSETS
Debtors 7 2,556 675
Cash at bank 86,798 61,119
89,354 61,794
CREDITORS
Amounts falling due within one year 8 14,213 21,402
NET CURRENT ASSETS 75,141 40,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,271

52,761

PROVISIONS FOR LIABILITIES 9 - 2,562
NET ASSETS 76,271 50,199

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,171 50,099
SHAREHOLDERS' FUNDS 76,271 50,199

NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

BALANCE SHEET - continued
6 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 6 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 6 September 2024 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 23 September 2024 and were signed by:





Mr N N Patel - Director


NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 6 SEPTEMBER 2024


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 are as below:

Registered number: 14275513

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company ceased trading on 06 September 2024 and therefore the financial statements
have been prepared on the basis that the company is no longer a going concern. The
company's assets have been reviewed for impairment and written down to their recoverable
amounts.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced in the year for services supplied.

Intangible assets
Intangible assets are initially recorded at cost.

The intangible assets are shown in the balance sheet at most recent valuation. Any surplus or deficit on revaluation arising from changes in fair value is recognised in the profit and loss account.

Tangible fixed assets
All fixed assets are initially recorded at cost.


NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 6 SEPTEMBER 2024


3. 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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 6 SEPTEMBER 2024


5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 6 September 2024 12,369
AMORTISATION
Charge for period 12,369
At 6 September 2024 12,369
NET BOOK VALUE
At 6 September 2024 -
At 31 August 2023 12,369

6. TANGIBLE FIXED ASSETS
Equipment
£   
COST
Additions 1,650
At 6 September 2024 1,650
DEPRECIATION
Charge for period 520
At 6 September 2024 520
NET BOOK VALUE
At 6 September 2024 1,130

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,240 675
Other debtors 316 -
2,556 675

NIKUL PATEL LIMITED (REGISTERED NUMBER: 14275513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 6 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 11,073 18,999
Directors' current accounts 1,545 819
Accruals and deferred income 1,595 1,584
14,213 21,402

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 2,562

Deferred
tax
£   
Balance at 1 September 2023 2,562
Provided during period (2,562 )
Balance at 6 September 2024 -