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Company Registration No. 07746091 (England and Wales)
Farhan Patel Limited Filleted accounts for the year ended 31 August 2025
Farhan Patel Limited Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Farhan Patel Limited Company Information for the year ended 31 August 2025
Director
Farhan Abdulhaq Patel
Company Number
07746091 (England and Wales)
Registered Office
42 Balaclava Street Blackburn Lancashire BB1 7HN United Kingdom
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Farhan Patel Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Current assets
Debtors
5
8,083
3,345
Cash at bank and in hand
7,739
26,629
15,822
29,974
Creditors: amounts falling due within one year
6
(1,811)
(5,496)
Net current assets
14,011
24,478
Net assets
14,011
24,478
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
13,911
24,378
Shareholders' funds
14,011
24,478
For the year ending 31 August 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 11 May 2026 and were signed on its behalf by
Farhan Abdulhaq Patel Director Company Registration No. 07746091
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Farhan Patel Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Farhan Patel Limited is a private company, limited by shares, registered in England and Wales, registration number 07746091. The registered office is 42 Balaclava Street, Blackburn, Lancashire, BB1 7HN, United Kingdom.
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.
Turnover
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.
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:
Fixtures & fittings
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Farhan Patel Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 September 2024
4,193
At 31 August 2025
4,193
Depreciation
At 1 September 2024
4,193
At 31 August 2025
4,193
Net book value
At 31 August 2025
-
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
8,083
3,345
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,110
4,795
Accruals
701
701
1,811
5,496
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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