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
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
Padmavathi Foods Limited
Statement of financial position
as at 31 October 2024
Intangible assets
12,000
13,500
Tangible assets
239,900
208,007
Cash at bank and in hand
82,020
21,261
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)
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
Padmavathi Foods Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
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.
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Padmavathi Foods Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill
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
At 1 November 2023
-
7,669
7,669
Charge for the year
-
14,733
14,733
At 31 October 2024
-
22,402
22,402
At 31 October 2024
203,370
36,530
239,900
At 31 October 2023
185,000
23,007
208,007
Amounts falling due within one year
Accrued income and prepayments
8,874
19,654
Other debtors
14,000
14,000
Amounts falling due after more than one year
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
-
Trade creditors
21,125
2,451
Loans from directors
134,226
166,170
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).