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REGISTERED NUMBER: 10596807 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Paterson Brodie Limited

Paterson Brodie Limited (Registered number: 10596807)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paterson Brodie Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P R Scriven
D R Thornton





REGISTERED OFFICE: Cliveden Chambers
Cliveden Place
Longton
Stoke on Trent
Staffordshire
ST3 4JB





REGISTERED NUMBER: 10596807 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Paterson Brodie Limited (Registered number: 10596807)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,034 7,846

CURRENT ASSETS
Stocks 65,870 82,665
Debtors 5 70,426 59,652
Cash at bank and in hand 25,055 25,481
161,351 167,798
CREDITORS
Amounts falling due within one year 6 92,479 98,312
NET CURRENT ASSETS 68,872 69,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,906

77,332

CREDITORS
Amounts falling due after more than one year 7 (17,333 ) (25,333 )

PROVISIONS FOR LIABILITIES (1,864 ) (1,491 )
NET ASSETS 56,709 50,508

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,609 50,408
SHAREHOLDERS' FUNDS 56,709 50,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Paterson Brodie Limited (Registered number: 10596807)

Balance Sheet - continued
31 March 2023


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

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 and authorised for issue on 27 September 2023 and were signed on its behalf by:




P R Scriven - Director



D R Thornton - Director


Paterson Brodie Limited (Registered number: 10596807)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants receivable, including those relating to Covid-19 support schemes, are recognised in the accounts on an accruals basis.

Recognition occurs from the date of entitlement and when the company has complied with all conditions attached to the grant.

Amounts receivable are separately disclosed as other income within the financial statements.

Stocks
Work in progress is valued at chargeable value less a provision against irrecoverable amounts.

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.

Paterson Brodie Limited (Registered number: 10596807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 15,083
Additions 1,505
Disposals (1,592 )
At 31 March 2023 14,996
DEPRECIATION
At 1 April 2022 7,237
Charge for year 1,867
Eliminated on disposal (1,142 )
At 31 March 2023 7,962
NET BOOK VALUE
At 31 March 2023 7,034
At 31 March 2022 7,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 50,814 38,835
Other debtors 19,612 20,817
70,426 59,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 14,989 16,749
Taxation and social security 44,370 41,702
Other creditors 25,120 31,861
92,479 98,312

Paterson Brodie Limited (Registered number: 10596807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 17,333 25,333

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other loans - 9,000