ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

P S CHAUDHARI LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-04-302017-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueTo act as a member of a limited liability partnership that provides professional servicesfalse2016-05-01 08764072 2016-05-01 2017-04-30 08764072 2015-05-01 2016-04-30 08764072 2017-04-30 08764072 2016-04-30 08764072 c:Director1 2016-05-01 2017-04-30 08764072 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2017-04-30 08764072 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2016-04-30 08764072 d:CurrentFinancialInstruments 2017-04-30 08764072 d:CurrentFinancialInstruments 2016-04-30 08764072 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 08764072 d:CurrentFinancialInstruments d:WithinOneYear 2016-04-30 08764072 d:ShareCapital 2017-04-30 08764072 d:ShareCapital 2016-04-30 08764072 d:OtherMiscellaneousReserve 2017-04-30 08764072 d:OtherMiscellaneousReserve 2016-04-30 08764072 d:RetainedEarningsAccumulatedLosses 2017-04-30 08764072 d:RetainedEarningsAccumulatedLosses 2016-04-30 08764072 c:OrdinaryShareClass1 2016-05-01 2017-04-30 08764072 c:OrdinaryShareClass1 2017-04-30 08764072 c:FRS102 2016-05-01 2017-04-30 08764072 c:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 08764072 c:FullAccounts 2016-05-01 2017-04-30 08764072 c:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08764072

P S CHAUDHARI LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

P S CHAUDHARI LIMITED

REGISTERED NUMBER: 08764072

BALANCE SHEET

AS AT 30 APRIL 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		142,786		99,766
			142,786		99,766
Current assets
Cash at bank and in hand	5	1,798		1,686
		1,798		1,686
Creditors: amounts falling due within one year	6	(80,508)		(79,596)
Net current liabilities			(78,710)		(77,910)
Total assets less current liabilities			64,076		21,856

Net assets			64,076		21,856

Capital and reserves
Called up share capital	3	3
Other reserves	907	907
Profit and loss account	63,166	20,946
	64,076	21,856

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P S CHAUDHARI LIMITED

REGISTERED NUMBER: 08764072

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2017

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P S Chaudhari

Director

Date: 3 January 2018

The notes on pages 3 to 5 form part of these financial statements.

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P S CHAUDHARI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

1.	General information

P S Chaudhari Limited is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Hazeldine House, Central Square, Telford, Shropshire, TF3 4JL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Valuation of investments

Investments held as fixed assets are shown as cost less provision for impairment. Investments are stated at cost, plus allocated profits, less drawings to date, plus any revaluations.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.7

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

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P S CHAUDHARI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

2.Accounting policies (continued)

2.8

Taxation

Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 May 2016	99,766
	Additions	43,020
	At 30 April 2017	142,786

	Net book value
	At 30 April 2017	142,786
	At 30 April 2016	99,766

5.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	1,798	1,686
	1,798	1,686

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P S CHAUDHARI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Corporation tax	22,906	12,473
Other taxation and social security	-	371
Other creditors	57,032	66,182
Accruals and deferred income	570	570
	80,508	79,596

Allotted, called up and fully paid

3 Ordinary shares of £1 each	3	3

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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