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 2022

PATIVEDA LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

PATIVEDA LIMITED

BALANCE SHEET

31 March 2022

	2022	2021
Note	£	£

Current assets

Debtors	5	3,460	28,563
Cash at bank and in hand		72,060	27,382
		------------	------------
		75,520	55,945

Creditors: amounts falling due within one year	6	( 40,974)	( 34,806)
		------------	------------
Net current assets		34,546	21,139
		------------	------------
Total assets less current liabilities		34,546	21,139

Creditors: amounts falling due after more than one year	7	( 14,960)	( 19,980)
		------------	------------
Net assets		19,586	1,159
		------------	------------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		19,486	1,059
		------------	------------
Shareholders funds		19,586	1,159
		------------	------------

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 2022 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 22 January 2023 , 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 2022

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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 (2021: 1 ).

5. Debtors

	2022	2021
	£	£
Trade debtors	–	13,989
Director's loan account	–	11,114
Other debtors	3,460	3,460
	------------	------------
	3,460	28,563
	------------	------------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loan	4,943	4,019
Trade creditors	345	–
Accruals and deferred income	1,080	2,040
Corporation tax	20,273	15,022
Social security and other taxes	14,094	13,725
Director loan accounts	239	–
	------------	------------
	40,974	34,806
	------------	------------

7. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loan	14,960	19,980
	------------	------------

8. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	------------	------------	------------	------------

9. Director's advances, credits and guarantees

Included in debtors was a loan in the amount of £11,114 due from the director which was repaid during the year ended 31 March 2022:

10. Related party transactions

Transactions with the director The director's loan account of £239 (2021: £11,114 debtor) included in creditors is unsecured, repayable on demand and currently interest free. Control of the company The company is controlled by the director.