REGISTERED NUMBER: 12667191 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Chetty & Patel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

U D Patel

A K Patel

REGISTERED OFFICE:

133 Loughborough Road

Leicester

LE4 5LQ

REGISTERED NUMBER:

12667191 (England and Wales)

Fixed assets

Intangible assets

4

11,125

13,350

Tangible assets

5

66,370

50,858

77,495

64,208

Current assets

Debtors

6

455,414

330,707

Cash at bank

248,139

264,292

703,553

594,999

Creditors

Amounts falling due within one year

7

129,827

137,308

Net current assets

573,726

457,691

Total assets less current liabilities

651,221

521,899

Capital and reserves

Called up share capital

8

200

200

Retained earnings

651,021

521,699

Shareholders' funds

651,221

521,899

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 July 2026 and were signed on its behalf by:

U D Patel - Director

1.	Statutory information

Chetty & Patel Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

10% on cost

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 7 (2024 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 September 2024

and 31 August 2025

22,250

Amortisation

At 1 September 2024

8,900

Charge for year

2,225

At 31 August 2025

11,125

Net book value

At 31 August 2025

11,125

At 31 August 2024

13,350

5.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 September 2024

76,226

72,950

32,341

181,517

Additions

41,250

-

-

41,250

At 31 August 2025

117,476

72,950

32,341

222,767

Depreciation

At 1 September 2024

65,087

44,074

21,498

130,659

Charge for year

5,288

18,237

2,213

25,738

At 31 August 2025

70,375

62,311

23,711

156,397

Net book value

At 31 August 2025

47,101

10,639

8,630

66,370

At 31 August 2024

11,139

28,876

10,843

50,858

6.

Debtors: amounts falling due within one year

31.8.25

31.8.24

£

£

Trade debtors

349,187

244,614

Other debtors

106,227

86,093

455,414

330,707

7.

Creditors: amounts falling due within one year

31.8.25

31.8.24

£

£

Taxation and social security

108,178

126,595

Other creditors

21,649

10,713

129,827

137,308

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

200

Ordinary

1

200

200

9.	Related party disclosures

Dividends amounting to £63,000 were paid during the year ( 2024 £59,000).

10.	Ultimate controlling party

The Company is under the the control of Mr A K Patel & Mr U D Patel who together own the entire share capital of the company.