Shamir Patel Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12434456 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Shamir Patel Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr S Patel

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

12434456 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Tangible assets

4

20,150

23,216

Investments

5

34,000

54,150

57,216

CURRENT ASSETS

Debtors

6

34,080

46,949

Cash at bank

4,464

38,749

38,544

85,698

CREDITORS

Amounts falling due within one year

7

17,498

39,936

NET CURRENT ASSETS

21,046

45,762

TOTAL ASSETS LESS CURRENT

LIABILITIES

75,196

102,978

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

75,096

102,878

75,196

102,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with and delivered in accordance with the special provisions applicable to small 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 30 October 2025 and were signed by:

Dr S Patel - Director

1.	STATUTORY INFORMATION

Shamir Patel Ltd 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

25,111

Additions

3,760

At 31 January 2025

28,871

DEPRECIATION

At 1 February 2024

1,895

Charge for year

6,826

At 31 January 2025

8,721

NET BOOK VALUE

At 31 January 2025

20,150

At 31 January 2024

23,216

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31/1/25

31/1/24

£

Other Investments

34,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Other debtors

34,080

46,949

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Trade creditors

1

-

Taxation and social security

6,297

8,736

Other creditors

11,200

31,200

17,498

39,936

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £46,950 (2024 - £1,000) were paid to the director .

As at balance sheet date, included in debtors is a loan due to the director of £34,080.

The maximum loan outstanding during the year was £46,950, the loan was fully repaid on 30 April 2025.

The company charged interest on overdrawn loan at rate 2.5%, per annum.