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Company Registration No. 13485517 (England and Wales)
Patil's Ltd Unaudited accounts for the year ended 29 June 2025
Patil's Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Patil's Ltd Company Information for the year ended 29 June 2025
Directors
Amit Ashok Patil Prithviraj Patil
Company Number
13485517 (England and Wales)
Registered Office
121 Ipswich Road Colchester CO4 0EJ England
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Patil's Ltd Statement of financial position as at 29 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,927
6,141
Current assets
Debtors
5
4,747
5,726
Cash at bank and in hand
13,296
2,374
18,043
8,100
Creditors: amounts falling due within one year
6
(65,167)
(64,984)
Net current liabilities
(47,124)
(56,884)
Net liabilities
(40,197)
(50,743)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(40,199)
(50,745)
Shareholders' funds
(40,197)
(50,743)
For the year ending 29 June 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 directors acknowledge their 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 of Directors and authorised for issue on 25 March 2026 and were signed on its behalf by
Amit Ashok Patil Director Company Registration No. 13485517
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Patil's Ltd Notes to the Accounts for the year ended 29 June 2025
1
Statutory information
Patil's Ltd is a private company, limited by shares, registered in England and Wales, registration number 13485517. The registered office is 121 Ipswich Road, Colchester, CO4 0EJ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 30 June 2024
4,818
3,969
8,787
Additions
275
1,997
2,272
At 29 June 2025
5,093
5,966
11,059
Depreciation
At 30 June 2024
1,320
1,326
2,646
Charge for the year
751
735
1,486
At 29 June 2025
2,071
2,061
4,132
Net book value
At 29 June 2025
3,022
3,905
6,927
At 29 June 2024
3,498
2,643
6,141
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Patil's Ltd Notes to the Accounts for the year ended 29 June 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
392
351
Other debtors
4,355
5,375
4,747
5,726
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,827
2,846
VAT
5,814
7,035
Trade creditors
3,270
4,064
Taxes and social security
1,745
3,158
Other creditors
(1,830)
-
Loans from directors
49,481
46,863
Accruals
4,860
1,018
65,167
64,984
7
Average number of employees
During the year the average number of employees was 11 (2024: 7).
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