Pativeda Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 09475653

PATIVEDA LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2020

PATIVEDA LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2020

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 3

PATIVEDA LIMITED

BALANCE SHEET

31 March 2020

	2020	2019
Note	£	£

Current assets

Debtors	5	29,980	44,927
Cash at bank and in hand		12,207	1,184
		------------	------------
		42,187	46,111

Creditors: amounts falling due within one year	6	( 28,266)	( 31,261)
		------------	------------
Net current assets		13,921	14,850
		------------	------------
Total assets less current liabilities		13,921	14,850
		------------	------------
Net assets		13,921	14,850
		------------	------------

Capital and reserves

Called up share capital	7	100	100
Profit and loss account		13,821	14,750
		------------	------------
Shareholders funds		13,921	14,850
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2021 , and are signed on behalf of the board by:

Ms E R Flatley
Director

Company registration number: 09475653

PATIVEDA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Debtors

	2020	2019
	£	£
Trade debtors	6,057	10,763
Director's loan account	17,463	30,704
Other debtors	6,460	3,460
	------------	------------
	29,980	44,927
	------------	------------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	–	1,110
Accruals and deferred income	1,980	1,020
Corporation tax	17,133	21,303
Social security and other taxes	9,153	7,828
	------------	------------
	28,266	31,261
	------------	------------

7. Called up share capital

Issued, called up and fully paid

	2020		2019
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	------------	------------	------------	------------

8. Director's advances, credits and guarantees

Included in debtors is a loan to the director, amounting to : Amount outstanding at end of the year 17,463 Amount outstanding at beginning of the year 30,704 Maximum outstanding during the year 30,704 Interest of £219 (2019: £379) has been charged upon the loan during the year.

9. Related party transactions

The company is controlled by the director.