REGISTERED NUMBER: 11248552 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Perry & Patel Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Patel

R J Perry

SECRETARY:

Mrs S Perry

REGISTERED OFFICE:

1 Ashford Road

Redhill

Bristol

BS40 5TH

REGISTERED NUMBER:

11248552 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Tangible assets

4

626,812

629,250

CURRENT ASSETS

Debtors

5

11,351

1,525

Cash at bank

15,284

44,172

26,635

45,697

CREDITORS

Amounts falling due within one year

6

53,477

39,153

NET CURRENT (LIABILITIES)/ASSETS

(26,842

)

6,544

TOTAL ASSETS LESS CURRENT LIABILITIES

599,970

635,794

CREDITORS

Amounts falling due after more than one year

7

(519,377

)

(565,476

)

PROVISIONS FOR LIABILITIES

(1,389

)

(1,853

)

NET ASSETS

79,204

68,465

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

79,084

68,345

79,204

68,465

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

R J Perry - Director

1.	STATUTORY INFORMATION

Perry & 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

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 etc

-

25% on reducing balance

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

619,500

24,286

643,786

DEPRECIATION

At 1 April 2024

-

14,536

14,536

Charge for year

-

2,438

2,438

At 31 March 2025

-

16,974

16,974

NET BOOK VALUE

At 31 March 2025

619,500

7,312

626,812

At 31 March 2024

619,500

9,750

629,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,148

1,525

Other debtors

10,203

-

11,351

1,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

22,784

22,784

Hire purchase contracts

2,755

-

Payments on account

18,196

-

Trade creditors

5,301

-

Taxation and social security

3,121

12,294

Other creditors

1,320

4,075

53,477

39,153

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

249,086

268,521

Hire purchase contracts

5,195

-

Other creditors

265,096

296,955

519,377

565,476

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

S Patel

Director

2025

2024

Capital introduced/ (withdrawn)

(11,740

)

(5,740

)

At the year end, the company owed the director £102,480 (2023 - £114,220)

R Perry

Director

2025

2024

Capital introduced/ (withdrawn)

(4,740

)

260

At the year end, the company owed the director £41,372 (2024 - £46,112)