Company registration number 09462090 (England and Wales)
PATTERSON BOATWORKS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
PATTERSON BOATWORKS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
24,608
30,760
Current assets
121,887
116,253
Prepayments and accrued income
257
1,980
Creditors: amounts falling due within one year
(92,389)
(59,635)
Net current assets
29,755
58,598
Total assets less current liabilities
54,363
89,358
Creditors: amounts falling due after more than one year
(51,623)
(73,740)
Accruals and deferred income
(2,606)
(2,056)
Net assets
134
13,562
Capital and reserves
134
13,562
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
The directors has a loan account with the company against which personal expenditure and drawings may be charged. The loan account with the company was overdrawn at 1 March 2022 by £59,946 and £70,404 on 28 February 2023.
During this period cash advances totaling £8,880 were made.
Interest of £1,578 was charged on this loan.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
1
2
Patterson Boatworks Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Sawmill, Hawkshead, Ambleside, LA22 0PL.
For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
PATTERSON BOATWORKS LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
(e) the company has relied on the specified exemption as a micro company contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company and we confirm that the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.true
The financial statements were approved by the board of directors and authorised for issue on 12 October 2023 and are signed on its behalf by:
Mr H C E Patterson
Director
Company registration number 09462090 (England and Wales)