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REGISTERED NUMBER: 04681998 (England and Wales)


Financial Statements for the Year Ended 31 March 2018

for

Patson's Limited

Patson's Limited (Registered number: 04681998)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Patson's Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mr Dhirubhai Madhavbhai Patel
Mr Dineshkumar Patel
Mrs Geetaben Patel
Mr Hemantkumar Patel
Mrs Raxaben Patel
Mrs Surekha Patel





SECRETARY: Mr Dineshkumar Patel





REGISTERED OFFICE: Desai House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 04681998 (England and Wales)





ACCOUNTANTS: Desai & Co Accountants
Desai House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD

Patson's Limited (Registered number: 04681998)

Statement of Financial Position
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,300 4,300
Tangible assets 5 98,988 79,637
Investments 6 400 400
103,688 84,337

CURRENT ASSETS
Stocks 7 94,390 82,650
Debtors 8 113,168 130,808
Cash at bank and in hand 109,007 116,190
316,565 329,648
CREDITORS
Amounts falling due within one year 9 373,492 369,606
NET CURRENT LIABILITIES (56,927 ) (39,958 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,761

44,379

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 46,661 44,279
SHAREHOLDERS' FUNDS 46,761 44,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Patson's Limited (Registered number: 04681998)

Statement of Financial Position - continued
31 March 2018


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 Board of Directors on 25 October 2018 and were signed on
its behalf by:





Mr Dineshkumar Patel - Director


Patson's Limited (Registered number: 04681998)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Patson's Limited 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.

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.

Turnover
Turnover represents value of goods and services sold excluding value added tax.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2017 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 4,300
NET BOOK VALUE
At 31 March 2018 4,300
At 31 March 2017 4,300

Patson's Limited (Registered number: 04681998)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 297,794 1,508 1,001 300,303
Additions 52,347 - - 52,347
At 31 March 2018 350,141 1,508 1,001 352,650
DEPRECIATION
At 1 April 2017 218,157 1,508 1,001 220,666
Charge for year 32,996 - - 32,996
At 31 March 2018 251,153 1,508 1,001 253,662
NET BOOK VALUE
At 31 March 2018 98,988 - - 98,988
At 31 March 2017 79,637 - - 79,637

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017
and 31 March 2018 400
NET BOOK VALUE
At 31 March 2018 400
At 31 March 2017 400

7. STOCKS
31.3.18 31.3.17
£    £   
Stocks 94,390 82,650

Patson's Limited (Registered number: 04681998)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other debtors 102,500 122,408
Value Added Tax 8,125 2,035
Prepayments 2,543 6,365
113,168 130,808

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 7,833 2,509
Corporation Tax 16,526 25,456
Social security and other taxes 32 1,870
Directors' current accounts 344,727 334,748
Accrued expenses 4,374 5,023
373,492 369,606

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
6 Ordinary £1 6 6
94 Ordinary £1 94 94
100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2017 44,279
Profit for the year 152,382
Dividends (150,000 )
At 31 March 2018 46,661

12. RELATED PARTY DISCLOSURES

During the year, the company paid Rent of £6240 (2017 : £6,240) in respect of "87 Whetley Lane,
Bradford, West Yorkshire, BD8 9DS being the business property owned by the Directors.

Patson's Limited

Report of the Accountants to the Directors of
Patson's Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Statement of Financial Position. Readers are cautioned that the Income
Statement and certain other primary statements and the Report of the Directors are not required to
be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Desai & Co Accountants
Desai House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD


Date: .............................................