Company Registration No. 13485517 (England and Wales)
Patil's Ltd
Unaudited accounts
for the period from 1 July 2023 to 29 June 2024
Patil's Ltd
Unaudited accounts
Contents
Patil's Ltd
Company Information
for the period from 1 July 2023 to 29 June 2024
Directors
Amit Ashok Patil
Prithviraj Patil
Company Number
13485517 (England and Wales)
Registered Office
121 Ipswich Road
Colchester
CO4 0EJ
England
Accountants
Pro Tax Plus Accountants
MITRE HOUSE
2 BOND STREET
Ipswich
Suffolk
IP4 1JE
Patil's Ltd
Statement of financial position
as at 29 June 2024
Cash at bank and in hand
2,374
Creditors: amounts falling due within one year
(64,984)
Net current liabilities
(56,884)
Profit and loss account
(50,745)
Shareholders' funds
(50,743)
For the period ending 29 June 2024 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 18 June 2025 and were signed on its behalf by
Prithviraj Patil
Director
Company Registration No. 13485517
Patil's Ltd
Notes to the Accounts
for the period from 1 July 2023 to 29 June 2024
Patil's Ltd is a private company, limited by shares, registered in England and Wales, registration number 13485517. The registered office is 121 Ipswich Road, Colchester, CO4 0EJ, 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 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:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
2,227
1,846
4,073
Additions
2,591
2,123
4,714
At 29 June 2024
4,818
3,969
8,787
At 1 July 2023
446
665
1,111
Charge for the period
874
661
1,535
At 29 June 2024
1,320
1,326
2,646
At 29 June 2024
3,498
2,643
6,141
Amounts falling due within one year
Patil's Ltd
Notes to the Accounts
for the period from 1 July 2023 to 29 June 2024
6
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
2,846
Taxes and social security
3,158
Loans from directors
46,863
7
Average number of employees
During the period the average number of employees was 7.