Registered number
05773142
A & A Patel Limited
Abbreviated Accounts
30 April 2016
A & A Patel Limited
Report to the directors on the preparation of the unaudited abbreviated accounts of A & A Patel Limited for the year ended 30 April 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A & A Patel Limited for the year ended 30 April 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of A & A Patel Limited, as a body, in accordance with the terms of our engagement letter dated 12 June 2013. Our work has been undertaken solely to prepare for your approval the accounts of A & A Patel Limited and state those matters that we have agreed to state to the Board of Directors of A & A Patel Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & A Patel Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A & A Patel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A & A Patel Limited. You consider that A & A Patel Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A & A Patel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
Saii & Co Limited
Chartered Certified Accountants
Suite 37/38 Marshall House
124 Middleton Road
Morden
Surrey
SM4 6RW
30 August 2016
A & A Patel Limited
Registered number: 05773142
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 2,211 2,548
Current assets
Stocks 23,661 29,820
Debtors 61,694 34,796
Cash at bank and in hand 24,262 47,392
109,617 112,008
Creditors: amounts falling due within one year (97,770) (97,638)
Net current assets 11,847 14,370
Net assets 14,058 16,918
Capital and reserves
Called up share capital 4 4 4
Profit and loss account 14,054 16,914
Shareholders' funds 14,058 16,918
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr Alkesh Patel
Director
Approved by the board on 30 August 2016
A & A Patel Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixture, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Intangible fixed assets £
Cost
Additions 60,000
At 30 April 2016 60,000
Amortisation
Provided during the year 60,000
At 30 April 2016 60,000
Net book value
At 30 April 2016 -
3 Tangible fixed assets £
Cost
At 1 May 2015 6,039
Additions 300
At 30 April 2016 6,339
Depreciation
At 1 May 2015 3,491
Charge for the year 637
At 30 April 2016 4,128
Net book value
At 30 April 2016 2,211
At 30 April 2015 2,548
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 4 4 4
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