Alpesh Patel Ventures Limited - Abbreviated accounts 16.3

Alpesh Patel Ventures Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 04077919 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

ALPESH PATEL VENTURES LIMITED

ALPESH PATEL VENTURES LIMITED (REGISTERED NUMBER: 04077919)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ALPESH PATEL VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: A Patel





SECRETARY: 2020 Secretarial Limited





REGISTERED OFFICE: 82 St John Street
London
EC1M 4JN





REGISTERED NUMBER: 04077919 (England and Wales)





ACCOUNTANTS: 2020 Chartered Accountants
82 St John Street
London
EC1M 4JN

ALPESH PATEL VENTURES LIMITED (REGISTERED NUMBER: 04077919)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 2 60,148 75,905

CURRENT ASSETS
Debtors 261,692 191,307
Cash at bank 150,884 41,858
412,576 233,165
CREDITORS
Amounts falling due within one year (227,115 ) (85,615 )
NET CURRENT ASSETS 185,461 147,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,609

223,455

PROVISIONS FOR LIABILITIES (11,868 ) (14,984 )
NET ASSETS 233,741 208,471

CAPITAL AND RESERVES
Called up share capital 3 10 10
Capital redemption reserve 10 10
Profit and loss account 233,721 208,451
SHAREHOLDERS' FUNDS 233,741 208,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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.

ALPESH PATEL VENTURES LIMITED (REGISTERED NUMBER: 04077919)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


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 director on 20 November 2016 and were signed by:





A Patel - Director


ALPESH PATEL VENTURES LIMITED (REGISTERED NUMBER: 04077919)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller
Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared
under the historical cost convention.

Turnover
Turnover represents services provided in the normal course of business, net of value added tax. Services
provided to clients during the period, including any amounts which at the balance sheet date have not been billed
to the clients, have been recognised as turnover.

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

Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Merchant charges
Payment processing charges are posted to the profit and loss account as they are charged.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 85,599
Additions 5,867
At 31 January 2016 91,466
DEPRECIATION
At 1 February 2015 9,694
Charge for year 21,624
At 31 January 2016 31,318
NET BOOK VALUE
At 31 January 2016 60,148
At 31 January 2015 75,905

3. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £1 10 10

ALPESH PATEL VENTURES LIMITED (REGISTERED NUMBER: 04077919)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016


4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2016 and
31 January 2015:

2016 2015
£    £   
A Patel
Balance outstanding at start of year (5,249 ) 48,525
Amounts advanced 371,278 44,692
Amounts repaid (223,163 ) (98,466 )
Balance outstanding at end of year 142,866 (5,249 )

The following amounts are included in the repayments made by the director, Mr A Patel to the company:

Date £
30 April 2015 10,000
01 May 2015 15,000
06 May 2015 15,000
02 July 2015 50,000
10 July 2015 10,000
13 July 2015 25,000
14 July 2015 14,500
07 September 2015 50,000
14 September 2015 25,000
30 October 2015 11,000

Included in the advances to the director are the following payments:

Date £
29 June 2015 34,000
03 July 2015 50,000
14 July 2015 50,000
17 August 2015 22,000
16 September 2015 50,000
10 December 2015 38,000
18 December 2015 10,000