Abbreviated Company Accounts - CHIRAG PATEL LIMITED

CHIRAG PATEL LIMITED - Company Information

08407772 CHIRAG PATEL LIMITED 2014-03-31 false 2013-02-18 2014-03-31 true 08407772 2013-02-18 2014-03-31 08407772 2014-03-31 08407772 uk-gaap-cd-bus:Director1 2013-02-18 2014-03-31 08407772 uk-gaap-cd-bus:Director2 2013-02-18 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-18 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08407772

CHIRAG PATEL LIMITED

Abbreviated Accounts

31 March 2014

CHIRAG PATEL LIMITED Registered Number 08407772

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	9,000
Tangible assets	3	648
		9,648
Current assets
Debtors		16,630
Cash at bank and in hand		45,124
		61,754
Creditors: amounts falling due within one year		(15,235)
Net current assets (liabilities)		46,519
Total assets less current liabilities		56,167
Total net assets (liabilities)		56,167
Capital and reserves
Called up share capital	4	100
Profit and loss account		56,067
Shareholders' funds		56,167

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 November 2014

And signed on their behalf by:
C. Patel, Director

CHIRAG PATEL LIMITED Registered Number 08407772

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from t he provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% reducing balance

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Other accounting policies
Deferred taxation
Deferred tax is not provided due to immateriality of the amounts involved.

2Intangible fixed assets

	£
Cost
Additions	10,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	10,000
Amortisation
Charge for the year	1,000
On disposals	-
At 31 March 2014	1,000
Net book values
At 31 March 2014	9,000

3Tangible fixed assets

	£
Cost
Additions	731
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	731
Depreciation
Charge for the year	83
On disposals	-
At 31 March 2014	83
Net book values
At 31 March 2014	648

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
100 Ordinary shares of £1 each	100