1 August 2022 false No description of principal activity Taxfiler 2023.10 08160063business:PrivateLimitedCompanyLtd2022-08-012023-07-31 081600632022-07-31 081600632022-08-012023-07-31 08160063business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 08160063business:FilletedAccounts2022-08-012023-07-31 081600632023-07-31 08160063business:Director12022-08-012023-07-31 08160063business:Director22022-08-012023-07-31 08160063business:RegisteredOffice2022-08-012023-07-31 081600632022-07-31 08160063core:WithinOneYear2023-07-31 08160063core:WithinOneYear2022-07-31 08160063core:AfterOneYear2023-07-31 08160063core:AfterOneYear2022-07-31 08160063core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 08160063core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 08160063core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 08160063core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 08160063core:PreviouslyStatedAmount2023-07-31 08160063core:PreviouslyStatedAmount2022-07-31 08160063business:SmallEntities2022-08-012023-07-31 08160063countries:EnglandWales2022-08-012023-07-31 08160063core:PlantMachinery2022-07-31 08160063core:FurnitureFittings2022-07-31 08160063core:PlantMachinery2023-07-31 08160063core:FurnitureFittings2023-07-31 08160063core:PlantMachinery2022-08-012023-07-31 08160063core:FurnitureFittings2022-08-012023-07-31 081600632021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 08160063 (England and Wales)
PATERSON AG LIMITED Unaudited accounts for the year ended 31 July 2023
PATERSON AG LIMITED Unaudited accounts Contents
Page
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PATERSON AG LIMITED Company Information for the year ended 31 July 2023
Directors
Luke Patterson Victoria Patterson
Company Number
08160063 (England and Wales)
Registered Office
Hall Farm Honing Road Dilham North Walsham NR28 9PN UK
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PATERSON AG LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,541 
6,871 
Current assets
Debtors
2,410 
12,955 
Cash at bank and in hand
17,500 
20,226 
19,910 
33,181 
Creditors: amounts falling due within one year
(18,995)
(14,807)
Net current assets
915 
18,374 
Total assets less current liabilities
5,456 
25,245 
Creditors: amounts falling due after more than one year
(13,877)
(20,841)
Provisions for liabilities
Deferred tax
(791)
(791)
Net (liabilities)/assets
(9,212)
3,613 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,312)
3,513 
Shareholders' funds
(9,212)
3,613 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Luke Patterson Director Company Registration No. 08160063
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PATERSON AG LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
PATERSON AG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08160063. The registered office is Hall Farm, Honing Road, Dilham, North Walsham, NR28 9PN, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
15,839 
8,208 
24,047 
At 31 July 2023
15,839 
8,208 
24,047 
Depreciation
At 1 August 2022
12,893 
4,283 
17,176 
Charge for the year
1,022 
1,308 
2,330 
At 31 July 2023
13,915 
5,591 
19,506 
Net book value
At 31 July 2023
1,924 
2,617 
4,541 
At 31 July 2022
2,946 
3,925 
6,871 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,410 
12,955 
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PATERSON AG LIMITED Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,135 
6,805 
VAT
1,301 
2,960 
Trade creditors
563 
- 
Taxes and social security
- 
1,814 
Other creditors
7,996 
413 
Accruals
2,000 
2,815 
18,995 
14,807 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,877 
20,841 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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