Company Registration No. 07122925 (England and Wales)
Pathania Limited
Unaudited accounts
for the year ended 31 March 2017
Pathania Limited
Unaudited accounts
Contents
Pathania Limited
Company Information
for the year ended 31 March 2017
Director
Rajender Pathania
Company Number
07122925 (England and Wales)
Registered Office
Admirals Offices
Main Gate Road
Chatham
Kent
ME4 4TZ
United Kingdom
Pathania Limited
Statement of financial position
as at
31 March 2017
Tangible assets
88,065
110,374
Cash at bank and in hand
15,179
15,905
Creditors: amounts falling due within one year
(80,430)
(108,686)
Net current liabilities
(57,151)
(82,050)
Total assets less current liabilities
30,914
28,324
Creditors: amounts falling due after more than one year
(75,482)
(85,374)
Net liabilities
(44,568)
(57,050)
Called up share capital
408
408
Profit and loss account
(44,976)
(57,458)
Shareholders' funds
(44,568)
(57,050)
For the year ending 31 March 2017 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.
Approved by the Board on 24 November 2017.
Rajender Pathania
Director
Company Registration No. 07122925
Pathania Limited
Notes to the Accounts
for the year ended 31 March 2017
Pathania Limited is a private company, limited by shares, registered in England and Wales, registration number 07122925. The registered office is Admirals Offices, Main Gate Road, Chatham, Kent, ME4 4TZ, 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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Pathania Limited
Notes to the Accounts
for the year ended 31 March 2017
4
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.
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
22,309
Finished goods
5,500
6,500
Other debtors
2,600
2,600
Pathania Limited
Notes to the Accounts
for the year ended 31 March 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
42,800
63,933
Taxes and social security
12,055
4,368
Loans from directors
25,575
40,385
9
Creditors: amounts falling due after more than one year
2017
2016
10
Share capital
2017
2016
Allotted, called up and fully paid:
408 Ordinary shares of £1 each
408
408
11
Average number of employees
During the year the average number of employees was 18 (2016: 18).