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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of P.J. Shah Associates Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P.J. Shah Associates Limited for the year ended 31 March 2025 as set out on pages 2 - 4 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of P.J. Shah Associates Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of P.J. Shah Associates Limited and state those matters that we have agreed to state to the Board of Directors of P.J. Shah Associates Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P.J. Shah Associates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that P.J. Shah Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P.J. Shah Associates Limited. You consider that P.J. Shah Associates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of P.J. Shah Associates 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 accounts.
A J Shah and Company Chartered Accountants 8 Pinner View Harrow Middlesex HA1 4QA 16 June 2025
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P.J. Shah Associates Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,282 
1,932 
Current assets
Inventories
470 
620 
Debtors
15,707 
15,393 
Cash at bank and in hand
110,078 
90,609 
126,255 
106,622 
Creditors: amounts falling due within one year
(68,437)
(48,949)
Net current assets
57,818 
57,673 
Net assets
60,100 
59,605 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
60,098 
59,603 
Shareholders' funds
60,100 
59,605 
For the year ending 31 March 2025 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 16 June 2025 and were signed on its behalf by
Pankaj Shah Director Company Registration No. 3654335
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P.J. Shah Associates Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
P.J. Shah Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 3654335. The registered office is 40 High Worple,, Rayners Lane,, Harrow, Middlesex , HA2 9SS, GB.
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:
Fixtures & fittings
10
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2024
13,200 
Additions
1,856 
At 31 March 2025
15,056 
Depreciation
At 1 April 2024
11,268 
Charge for the year
1,506 
At 31 March 2025
12,774 
Net book value
At 31 March 2025
2,282 
At 31 March 2024
1,932 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,707 
15,393 
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P.J. Shah Associates Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
8,882 
6,619 
Trade creditors
328 
152 
Taxes and social security
13,806 
14,048 
Other creditors
350 
- 
Loans from directors
26,216 
6,275 
Accruals
18,855 
21,855 
68,437 
48,949 
7
Loans to directors
Director loan Account Amounts due to directors at the balance sheet date is (£26,717 CR) (2024: £6,275 CR). The balance arose as a series of small loans. During the period expenses were paid by the director on behalf of the business and were subsequently reimbursed.
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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