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Company Registration No. 06395851 (England and Wales)
Patels Management Solutions Ltd Unaudited accounts for the year ended 31 October 2025
Patels Management Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Patels Management Solutions Ltd Company Information for the year ended 31 October 2025
Directors
Vineshkumar Patel Jayesh Patel
Company Number
06395851 (England and Wales)
Registered Office
66 FRENCHWOOD STREET PRESTON LANCASHIRE PR1 3SU
Accountants
IAS Associates Ltd 8 Cunningham Court Lions Drive Blackburn Lancashire BB1 2QX
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Patels Management Solutions Ltd Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
18,808 
23,510 
Current assets
Inventories
51,000 
49,443 
Debtors
5
12,903 
19,119 
Cash at bank and in hand
72,863 
2,848 
136,766 
71,410 
Creditors: amounts falling due within one year
6
(93,179)
(36,638)
Net current assets
43,587 
34,772 
Net assets
62,395 
58,282 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
62,393 
58,280 
Shareholders' funds
62,395 
58,282 
For the year ending 31 October 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 26 February 2026 and were signed on its behalf by
Vineshkumar Patel Director Company Registration No. 06395851
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Patels Management Solutions Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Patels Management Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 06395851. The registered office is 66 FRENCHWOOD STREET, PRESTON, LANCASHIRE, PR1 3SU.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2024
101,768 
At 31 October 2025
101,768 
Depreciation
At 1 November 2024
78,258 
Charge for the year
4,702 
At 31 October 2025
82,960 
Net book value
At 31 October 2025
18,808 
At 31 October 2024
23,510 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,903 
19,119 
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Patels Management Solutions Ltd Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
448 
449 
Trade creditors
27,446 
14,133 
Taxes and social security
7,183 
6,016 
Other creditors
720 
720 
Loans from directors
56,857 
14,795 
Accruals
525 
525 
93,179 
36,638 
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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