Dr Vinit Shah Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04923822 (England and Wales)

DR VINIT SHAH LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr V N Shah

SECRETARY:

Ms SR Gandhi

REGISTERED OFFICE:

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

REGISTERED NUMBER:

04923822 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

1,024

1,204

1,025

1,205

CURRENT ASSETS

Investments

6

156,200

151,200

Cash at bank

220,814

173,343

377,014

324,543

CREDITORS

Amounts falling due within one year

7

100,798

96,640

NET CURRENT ASSETS

276,216

227,903

TOTAL ASSETS LESS CURRENT LIABILITIES

277,241

229,108

PROVISIONS FOR LIABILITIES

8

199

241

NET ASSETS

277,042

228,867

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

277,040

228,865

SHAREHOLDERS' FUNDS

277,042

228,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 4 July 2018 and were signed by:

Dr V N Shah - Director

1.	STATUTORY INFORMATION

Dr Vinit Shah Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 October 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 November 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

5,500

AMORTISATION

At 1 November 2016

and 31 October 2017

5,499

NET BOOK VALUE

At 31 October 2017

1

At 31 October 2016

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2016

and 31 October 2017

2,756

94

1,390

4,240

DEPRECIATION

At 1 November 2016

1,554

93

1,389

3,036

Charge for year

180

-

-

180

At 31 October 2017

1,734

93

1,389

3,216

NET BOOK VALUE

At 31 October 2017

1,022

1

1

1,024

At 31 October 2016

1,202

1

1

1,204

6.	CURRENT ASSET INVESTMENTS

31.10.17

31.10.16

£

£

Unlisted investments

121,500

116,500

Other

34,700

34,700

156,200

151,200

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Taxation and social security

11,639

9,534

Other creditors

89,159

87,106

100,798

96,640

8.	PROVISIONS FOR LIABILITIES

31.10.17

31.10.16

£

£

Deferred tax

199

241

Deferred

tax

£

Balance at 1 November 2016

241

Movement in deferred tax

(42

)

Balance at 31 October 2017

199

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within the creditors is the amount owed to the directors £67,536 (2016 - £66,031). The loan is interest

free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders Dr V Shah and MrsS Gandhi.