IRIS Accounts Production v23.3.0.418 04681998 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046819982022-03-31046819982023-03-31046819982022-04-012023-03-31046819982021-03-31046819982021-04-012022-03-31046819982022-03-3104681998ns10:Originalns15:EnglandWales2022-04-012023-03-3104681998ns14:PoundSterlingns10:Original2022-04-012023-03-3104681998ns10:Originalns10:Director12022-04-012023-03-3104681998ns10:Original2022-04-012023-03-3104681998ns10:Original2023-03-3104681998ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104681998ns10:Originalns10:SmallEntities2022-04-012023-03-3104681998ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104681998ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104681998ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104681998ns10:Originalns10:FullAccounts2022-04-012023-03-3104681998ns10:Original12022-04-012023-03-3104681998ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104681998ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3104681998ns10:Originalns10:Director22022-04-012023-03-3104681998ns10:Originalns10:Director32022-04-012023-03-3104681998ns10:Originalns10:Director42022-04-012023-03-3104681998ns10:Originalns10:Director52022-04-012023-03-3104681998ns10:Originalns10:Director62022-04-012023-03-3104681998ns10:Originalns10:Director72022-04-012023-03-3104681998ns10:Director8ns10:Original2022-04-012023-03-3104681998ns10:Originalns10:Director92022-04-012023-03-3104681998ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104681998ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104681998ns10:Original2022-03-3104681998ns10:Originalns5:CurrentFinancialInstruments2023-03-3104681998ns10:Originalns5:CurrentFinancialInstruments2022-03-3104681998ns5:ShareCapitalns10:Original2023-03-3104681998ns5:ShareCapitalns10:Original2022-03-3104681998ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104681998ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104681998ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3104681998ns10:Originalns5:PlantMachinery2022-04-012023-03-3104681998ns10:Original2021-04-012022-03-3104681998ns10:Originalns5:NetGoodwill2022-03-3104681998ns10:Originalns5:NetGoodwill2023-03-3104681998ns10:Originalns5:NetGoodwill2022-03-3104681998ns10:Originalns5:PlantMachinery2022-03-3104681998ns10:Originalns5:PlantMachinery2023-03-3104681998ns10:Originalns5:PlantMachinery2022-03-3104681998ns10:Originalns5:CostValuation2022-03-3104681998ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104681998ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104681998ns10:Originalns10:OrdinaryShareClass12023-03-3104681998ns10:Originalns10:OrdinaryShareClass22023-03-31
REGISTERED NUMBER: 04681998 (England and Wales)


Financial Statements for the Year Ended 31 March 2023

for

Patson's Limited

Patson's Limited (Registered number: 04681998)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Patson's Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Dhirubhai Madhavbhai Patel
Mr Dineshkumar Patel
Mrs Geetaben Patel
Mr Hemantkumar Patel
Mrs Raxaben Patel
Mrs Surekha Patel
Mr Viraj Patel
Mr Kumar Patel
Mr Tinesh Patel





SECRETARY: Mr Dineshkumar Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 04681998 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Patson's Limited (Registered number: 04681998)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,300 4,300
Tangible assets 5 56,161 53,438
Investments 6 400 400
60,861 58,138

CURRENT ASSETS
Stocks 78,157 73,765
Debtors 7 9,378 5,318
Cash at bank and in hand 228,155 251,666
315,690 330,749
CREDITORS
Amounts falling due within one year 8 280,764 305,477
NET CURRENT ASSETS 34,926 25,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,787

83,410

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 95,687 83,310
SHAREHOLDERS' FUNDS 95,787 83,410

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.

Patson's Limited (Registered number: 04681998)

Statement of Financial Position - 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 16 November 2023 and were signed on its behalf by:





Mr Dineshkumar Patel - Director


Patson's Limited (Registered number: 04681998)

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

1. STATUTORY INFORMATION

Patson's 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 represents value of goods and services sold excluding value added tax.

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.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 4,300
NET BOOK VALUE
At 31 March 2023 4,300
At 31 March 2022 4,300

Patson's Limited (Registered number: 04681998)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 388,136
Additions 21,443
At 31 March 2023 409,579
DEPRECIATION
At 1 April 2022 334,698
Charge for year 18,720
At 31 March 2023 353,418
NET BOOK VALUE
At 31 March 2023 56,161
At 31 March 2022 53,438

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 400
NET BOOK VALUE
At 31 March 2023 400
At 31 March 2022 400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 9,378 5,318

Patson's Limited (Registered number: 04681998)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 62,719 47,953
Taxation and social security 61,426 74,743
Other creditors 156,619 182,781
280,764 305,477

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
6 Ordinary £1 6 6
94 Ordinary £1 94 94
100 100

10. RELATED PARTY DISCLOSURES

During the year, the company paid Rent of £6240 (2022 : £6,240) in respect of "87 Whetley Lane, Bradford, West Yorkshire, BD8 9DS being the business property owned by the Directors.