Company Registration No. 07122925 (England and Wales)
Pathania Limited
Abbreviated unaudited accounts
for the year ended 31 March 2016
Pathania Limited
Abbreviated Balance Sheet
as at
31 March 2016
Tangible assets
110,374
138,186
Cash at bank and in hand
15,905
14,606
Creditors: amounts falling due within one year
(108,686)
(124,207)
Net current liabilities
(82,050)
(98,623)
Total assets less current liabilities
28,324
39,563
Creditors: amounts falling due after more than one year
(85,374)
(94,551)
Net liabilities
(57,050)
(54,988)
Called up share capital
408
408
Profit and loss account
(57,458)
(55,396)
Total shareholders' funds
(57,050)
(54,988)
For the year ending 31 March 2016 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 27 October 2016
Rajender Pathania
Director
Company Registration No. 07122925
Pathania Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
2
Intangible fixed assets
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of 4 years.
Pathania Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
3
Tangible fixed assets
Plant & machinery
Charge for the year
31,503
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant & Machinery - 20%
4
Share capital
2016
2015
Allotted, called up and fully paid:
408 Ordinary shares of £1 each
408
408