Company Registration No. 06973857 (England and Wales)
S&R Patel Limited
Unaudited accounts
for the year ended 31 October 2018
S&R Patel Limited
Unaudited accounts
Contents
S&R Patel Limited
Company Information
for the year ended 31 October 2018
Directors
Mr P V Patel
Mr S Patel
Mrs J B Patel
Company Number
06973857 (England and Wales)
Registered Office
41 North Croft
Atherton
Greater Manchester
M46 0SW
England
Accountants
Tax Accounting & Business Solutions Limited
41 North Croft
Atherton
Greater Manchester
M26 0SW
S&R Patel Limited
Statement of financial position
as at
31 October 2018
Tangible assets
1,892,734
2,117,728
Cash at bank and in hand
125,890
7,304
Creditors: amounts falling due within one year
(1,203,398)
(1,681,677)
Net current liabilities
(1,077,508)
(1,660,080)
Total assets less current liabilities
815,226
457,648
Creditors: amounts falling due after more than one year
(551,849)
(249,842)
Net assets
263,377
207,806
Called up share capital
40,000
40,000
Profit and loss account
223,377
167,806
Shareholders' funds
263,377
207,806
For the year ending 31 October 2018 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.
Approved by the Board on 16 July 2019.
Mr P V Patel
Director
Company Registration No. 06973857
S&R Patel Limited
Notes to the Accounts
for the year ended 31 October 2018
S&R Patel Limited is a private company, limited by shares, registered in England and Wales, registration number 06973857. The registered office is 41 North Croft, Atherton, Greater Manchester, M46 0SW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
0% per annum
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 1 November 2017
2,117,728
At 31 October 2018
1,892,734
At 31 October 2018
1,892,734
At 31 October 2017
2,117,728
S&R Patel Limited
Notes to the Accounts
for the year ended 31 October 2018
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
29,886
26,592
Loans from directors
1,173,223
1,644,918
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
551,849
249,842
8
Average number of employees
During the year the average number of employees was 4 (2017: 4).