Company Registration No. 12477470 (England and Wales)
Patel Glazing Ltd
Unaudited accounts
for the year ended 28 February 2025
Patel Glazing Ltd
Unaudited accounts
Contents
Patel Glazing Ltd
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
94
479
Creditors: amounts falling due within one year
(12,637)
(17,920)
Net current assets
27,717
22,819
Total assets less current liabilities
27,717
22,819
Creditors: amounts falling due after more than one year
(44,288)
(44,288)
Net liabilities
(16,571)
(21,469)
Called up share capital
100
100
Profit and loss account
(16,671)
(21,569)
Shareholders' funds
(16,571)
(21,469)
For the year ending 28 February 2025 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 director acknowledges his 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 and authorised for issue on 30 November 2025 and were signed on its behalf by
V M Vaghela
Director
Company Registration No. 12477470
Patel Glazing Ltd
Notes to the Accounts
for the year ended 28 February 2025
Patel Glazing Ltd is a private company, limited by shares, registered in England and Wales, registration number 12477470. The registered office is Unit 4, 30 Borwick Avenue, Walthamstow, London, E17 6RA.
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 company received government support through the Small Businesses Rates Relief and Coronavirus Job Retention Scheme (CJRS) which is accounted for on the accrual basis, and is included as other operating income in the accounts.
Amounts falling due within one year
Other debtors
20,260
20,260
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
426
-
Other creditors
12,211
17,920
6
Creditors: amounts falling due after more than one year
2025
2024
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).