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REGISTERED NUMBER: SC250588 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Patterson Diesel Limited

Patterson Diesel Limited (Registered number: SC250588)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Patterson Diesel Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J R Mackie
D J Patterson





REGISTERED OFFICE: Block 8, Unit 1A
Woodend Industrial Estate
Cowdenbeath
Fife
KY4 8HW





REGISTERED NUMBER: SC250588 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Patterson Diesel Limited (Registered number: SC250588)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 466,818 297,948
466,818 297,948

CURRENT ASSETS
Stocks 6 5,500 5,000
Debtors 7 234,936 296,642
Cash at bank 52,635 46,619
293,071 348,261
CREDITORS
Amounts falling due within one year 8 88,331 76,491
NET CURRENT ASSETS 204,740 271,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,558

569,718

CREDITORS
Amounts falling due after more than one
year

9

(307,163

)

(351,477

)

PROVISIONS FOR LIABILITIES (4,812 ) (4,812 )
NET ASSETS 359,583 213,429

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 134,545 -
Retained earnings 12 224,938 213,329
SHAREHOLDERS' FUNDS 359,583 213,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Patterson Diesel Limited (Registered number: SC250588)

Balance Sheet - continued
30 April 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 22 September 2023 and were signed on its behalf by:




J R Mackie - Director



D J Patterson - Director


Patterson Diesel Limited (Registered number: SC250588)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Patterson Diesel Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 0, is being amortised evenly over its estimated useful life of nil 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.
Freehold property - 2% on cost
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

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.

Patterson Diesel Limited (Registered number: SC250588)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 10,000
AMORTISATION
At 1 May 2022
and 30 April 2023 10,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 May 2022 365,455 43,080 365,943
Additions - 2,155 7,378
Revaluations 134,545 - -
At 30 April 2023 500,000 45,235 373,321
DEPRECIATION
At 1 May 2022 104,530 9,557 365,943
Charge for year 5,218 7,136 1,476
At 30 April 2023 109,748 16,693 367,419
NET BOOK VALUE
At 30 April 2023 390,252 28,542 5,902
At 30 April 2022 260,925 33,523 -

Patterson Diesel Limited (Registered number: SC250588)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2022 25,550 7,450 4,552 812,030
Additions - 52,500 - 62,033
Revaluations - - - 134,545
At 30 April 2023 25,550 59,950 4,552 1,008,608
DEPRECIATION
At 1 May 2022 25,169 7,394 1,489 514,082
Charge for year 126 13,139 613 27,708
At 30 April 2023 25,295 20,533 2,102 541,790
NET BOOK VALUE
At 30 April 2023 255 39,417 2,450 466,818
At 30 April 2022 381 56 3,063 297,948

Cost or valuation at 30 April 2023 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2023 134,545 - -
Cost 365,455 45,235 373,321
500,000 45,235 373,321

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2023 - - - 134,545
Cost 25,550 59,950 4,552 874,063
25,550 59,950 4,552 1,008,608

6. STOCKS
30.4.23 30.4.22
£    £   
Stocks 5,500 5,000

Patterson Diesel Limited (Registered number: SC250588)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 148,322 107,169
Other debtors 86,614 186,614
VAT - 2,859
234,936 296,642

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 51,120 48,969
Tax 1,981 6,325
Social security and other taxes 17,588 12,697
VAT 9,142 -
Accrued expenses 8,500 8,500
88,331 76,491

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 10) - 196,414
Other loans (see note 10) 34,772 46,018
Other creditors 272,391 109,045
307,163 351,477

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 124,214
Other loans more 5yrs instal 34,772 46,018
34,772 170,232

10. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 14,440

Amounts falling due between two and five years:
Bank loans - 2-5 years - 57,760

Amounts falling due in more than five years:

Patterson Diesel Limited (Registered number: SC250588)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. LOANS - continued
30.4.23 30.4.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal - 124,214
Other loans more 5yrs instal 34,772 46,018
34,772 170,232

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2022 213,329 - 213,329
Profit for the year 11,609 11,609
Bonus share issue - 134,545 134,545
At 30 April 2023 224,938 134,545 359,483

Patterson Diesel Limited

Report of the Accountants to the Directors of
Patterson Diesel 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 Balance Sheet. 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 Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2023 set out on page 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.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


22 September 2023