P K Patel Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06557231 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

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:

Room 110F, The Big Peg

120 Vyse Street

Hockley

Birmingham

West Midlands

B18 6NF

REGISTERED NUMBER:

06557231 (England and Wales)

ACCOUNTANTS:

Seagrave French LLP

13-15 Regent Street

Nottingham

NG1 5BS

FIXED ASSETS

Intangible assets

2

70,000

105,000

CURRENT ASSETS

Debtors

267,479

213,473

CREDITORS

Amounts falling due within one year

73,505

109,360

NET CURRENT ASSETS

193,974

104,113

TOTAL ASSETS LESS CURRENT
LIABILITIES

263,974

209,113

CAPITAL AND RESERVES

Called up share capital

3

1,001

Profit and loss account

262,973

208,112

SHAREHOLDERS' FUNDS

263,974

209,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 10 November 2016 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 January 2015).

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 2015

and 30 April 2016

350,000

AMORTISATION

At 1 May 2015

245,000

Amortisation for year

35,000

At 30 April 2016

280,000

NET BOOK VALUE

At 30 April 2016

70,000

At 30 April 2015

105,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

1

Ordinary A

£1

1

1,001