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J PATEL LIMITED

Registered Number
12307360
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

J PATEL LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

Jay Patel

Registered Address

91 Chester Drive
Harrow
HA2 7PX

Registered Number

12307360 (England and Wales)
J PATEL LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36371,067
6371,067
Current assets
Cash at bank and on hand24,85761,447
24,85761,447
Creditors amounts falling due within one year4(24,784)(60,077)
Net current assets (liabilities)731,370
Total assets less current liabilities7102,437
Net assets7102,437
Capital and reserves
Called up share capital11
Profit and loss account7092,436
Shareholders' funds7102,437
The financial statements were approved and authorised for issue by the Director on 26 August 2025, and are signed on its behalf by:
Jay Patel
Director
Registered Company No. 12307360
J PATEL LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 December 231,2691,269
At 30 November 241,2691,269
Depreciation and impairment
At 01 December 23202202
Charge for year430430
At 30 November 24632632
Net book value
At 30 November 24637637
At 30 November 231,0671,067
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security2827,064
Other creditors23,96251,813
Accrued liabilities and deferred income5401,200
Total24,78460,077
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Jay Patel51,813027,85123,962
51,813027,85123,962
As at the year end date, Mr J Patel, a director of the company, had a credit balance on his current account of £23,962. This represents an interest free loan to the company and is included in other creditors.