REGISTERED NUMBER: 12020008 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Preeti Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr P H Gandhi

REGISTERED OFFICE:

10 Avenue Rouen

Scunthorpe

North Lincolnshire

DN15 8ER

REGISTERED NUMBER:

12020008 (England and Wales)

ACCOUNTANTS:

Peter R Burton Accountants

43 Oswald Road

Scunthorpe

North Lincolnshire

DN15 7PN

FIXED ASSETS

Tangible assets

4

38,117

50,665

CURRENT ASSETS

Debtors

5

240,023

110,757

Cash at bank

127,034

97,003

367,057

207,760

CREDITORS

Amounts falling due within one year

6

128,204

31,058

NET CURRENT ASSETS

238,853

176,702

TOTAL ASSETS LESS CURRENT LIABILITIES

276,970

227,367

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

276,870

227,267

SHAREHOLDERS' FUNDS

276,970

227,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th August 2025 and were signed by:

Dr P H Gandhi - Director

1.	STATUTORY INFORMATION

Preeti Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Website

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Website

Totals

£

£

£

£

COST

At 1st January 2024

and 31st December 2024

9,600

62,140

1,050

72,790

DEPRECIATION

At 1st January 2024

5,929

15,933

263

22,125

Charge for year

734

11,552

262

12,548

At 31st December 2024

6,663

27,485

525

34,673

NET BOOK VALUE

At 31st December 2024

2,937

34,655

525

38,117

At 31st December 2023

3,671

46,207

787

50,665

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

238,974

109,924

Prepayments

1,049

833

240,023

110,757

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

17,306

21,051

Other creditors

6,643

-

Directors' current accounts

103,623

9,402

Accrued expenses

632

605

128,204

31,058

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1st January 2024

227,267

Profit for the year

49,603

At 31st December 2024

276,870