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Registered Number: 09459542
England and Wales

 

 

 

PATHAK'S LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Directors Vatsal Pathak
Gargi Pathak
Registered Number 09459542
Registered Office 98 Image Court
Maxwell Road
Romford
England
RM7 0FL
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 20,164    27,175 
Investments 4 23,600   
43,764    27,175 
Current assets      
Debtors 5 26,647    74,984 
Cash at bank and in hand 3,299    1,853 
29,946    76,837 
Creditors: amount falling due within one year 6 (33,644)   (37,315)
Net current assets (3,698)   39,522 
 
Total assets less current liabilities 40,066    66,697 
Creditors: amount falling due after more than one year 7 (32,824)   (53,045)
Provisions for liabilities 8   (2,909)
Net assets 7,242    10,743 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 7,142    10,643 
Shareholders' funds 7,242    10,743 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 November 2024 and were signed on its behalf by:


-------------------------------
Vatsal Pathak
Director
-------------------------------
Gargi Pathak
Director
2
General Information
Pathak's Ltd is a private company, limited by shares, registered in England and Wales, registration number 09459542, registration address 98 Image Court, Maxwell Road, Romford, England, RM7 0FL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, 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:
Plant and Machinery 25 Reducing Balance
Motor Vehicles 25 Reducing Balance
Computer Equipment 33 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 March 2023 46,060    14,287    940    61,287 
Additions      
Disposals      
At 29 February 2024 46,060    14,287    940    61,287 
Depreciation
At 01 March 2023 25,285    8,259    568    34,112 
Charge for year 5,193    1,507    311    7,011 
On disposals      
At 29 February 2024 30,478    9,766    879    41,123 
Net book values
Closing balance as at 29 February 2024 15,582    4,521    61    20,164 
Opening balance as at 01 March 2023 20,775    6,028    372    27,175 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2023  
Additions 23,600    23,600 
Transfer to/from tangible fixed assets  
Disposals  
At 29 February 2024 23,600    23,600 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors   1,000 
Accrued Income 14,264    25,243 
Other Debtors- Deposit 3,000    2,000 
Director's Account 4,672    18,240 
Loan- BVM Associates Ltd   20,537 
Other Loans & Advances- RK Courier( for Vehicle) 4,711    7,687 
PAYE & Social Security   277 
26,647    74,984 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 58    50 
Corporation Tax 9,085    12,923 
PAYE & Social Security 234   
Accrued Expenses 4,075    3,470 
Wages & Salaries Control Account 2,995    1,647 
HP & Leases < 1 year 8,811    9,399 
VAT 8,386    9,826 
33,644    37,315 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bounce Back loan 24,111    34,022 
HP 1_BL18 CCX>1 year 1,692    4,592 
HP 2_RK 23285>1 year 1,736    4,711 
HP 3_WV68 JOU>1 year 5,285    7,633 
AK PAI_CP17 DWA Vehicle loan   2,087 
32,824    53,045 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax   2,909 
  2,909 

3