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Company Registration No. 14365240 (England and Wales)
Padmavathi Foods Limited Unaudited accounts for the year ended 31 October 2024
Padmavathi Foods Limited Unaudited accounts Contents
Page
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Padmavathi Foods Limited Company Information for the year ended 31 October 2024
Directors
KOTTI, Hymavathi NADELLA, Mounica Chowdary
Company Number
14365240 (England and Wales)
Registered Office
39 School Drive Woodley Reading RG5 3PZ England
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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Padmavathi Foods Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
13,500 
Tangible assets
239,900 
208,007 
251,900 
221,507 
Current assets
Inventories
46,132 
10,632 
Debtors
89,761 
34,423 
Cash at bank and in hand
82,020 
21,261 
217,913 
66,316 
Creditors: amounts falling due within one year
(203,482)
(185,750)
Net current assets/(liabilities)
14,431 
(119,434)
Total assets less current liabilities
266,331 
102,073 
Creditors: amounts falling due after more than one year
(242,000)
(194,000)
Net assets/(liabilities)
24,331 
(91,927)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
24,231 
(92,027)
Shareholders' funds
24,331 
(91,927)
For the year ending 31 October 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 22 July 2025 and were signed on its behalf by
NADELLA, Mounica Chowdary Director Company Registration No. 14365240
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Padmavathi Foods Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Padmavathi Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 14365240. The registered office is 39 School Drive, Woodley, Reading, RG5 3PZ, 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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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
See below
Plant & machinery
25% SL
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Padmavathi Foods Limited Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
15,000 
At 31 October 2024
15,000 
Amortisation
At 1 November 2023
1,500 
Charge for the year
1,500 
At 31 October 2024
3,000 
Net book value
At 31 October 2024
12,000 
At 31 October 2023
13,500 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
185,000 
30,676 
215,676 
Additions
18,370 
28,256 
46,626 
At 31 October 2024
203,370 
58,932 
262,302 
Depreciation
At 1 November 2023
- 
7,669 
7,669 
Charge for the year
- 
14,733 
14,733 
At 31 October 2024
- 
22,402 
22,402 
Net book value
At 31 October 2024
203,370 
36,530 
239,900 
At 31 October 2023
185,000 
23,007 
208,007 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
769 
Trade debtors
3,887 
- 
Accrued income and prepayments
8,874 
19,654 
Other debtors
14,000 
14,000 
26,761 
34,423 
Amounts falling due after more than one year
Other debtors
63,000 
- 
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Padmavathi Foods Limited Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
27,706 
- 
VAT
8,572 
- 
Trade creditors
21,125 
2,451 
Other creditors
6,405 
- 
Loans from directors
134,226 
166,170 
Accruals
5,448 
17,129 
203,482 
185,750 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
242,000 
194,000 
9
Transactions with related parties
As at the year-end date, the directors have a credit balance of £134,226 (2023: £166,170) on their current account, and this amount is included in creditors payable due within one year.
10
Average number of employees
During the year the average number of employees was 7 (2023: 17).
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