P K Patel Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06557231 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

P K PATEL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr P K Patel

Mrs K P Patel

SECRETARY:

Mrs K P Patel

REGISTERED OFFICE:

53 Water Street

Birmingham

England

West Midlands

B3 1EP

REGISTERED NUMBER:

06557231 (England and Wales)

ACCOUNTANTS:

MGC Hayles Limited

Chartered Accountants

39 Castle Street

Leicester

LE1 5WN

FIXED ASSETS

Intangible assets

2

140,000

175,000

CURRENT ASSETS

Debtors

174,017

-

CREDITORS

Amounts falling due within one year

154,526

82,533

NET CURRENT ASSETS/(LIABILITIES)

19,491

(82,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

159,491

92,467

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

158,491

91,467

SHAREHOLDERS' FUNDS

159,491

92,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 September 2014 and were signed on its behalf by:

Dr P K Patel - Director

Mrs K P Patel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the company's share of net profit.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

350,000

AMORTISATION

At 1 May 2013

175,000

Amortisation for year

35,000

At 30 April 2014

210,000

NET BOOK VALUE

At 30 April 2014

140,000

At 30 April 2013

175,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000