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
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
PATERSON AG LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
4,541
6,871
Cash at bank and in hand
17,500
20,226
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
Net (liabilities)/assets
(9,212)
3,613
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
PATERSON AG LIMITED
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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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
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
At 31 July 2023
1,924
2,617
4,541
At 31 July 2022
2,946
3,925
6,871
Amounts falling due within one year
Trade debtors
2,410
12,955
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
Taxes and social security
-
1,814
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).