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Company Registration No. NI669234 (Northern Ireland)
Lawrence Patterson Financial Ltd Unaudited accounts for the year ended 30 June 2023
Lawrence Patterson Financial Ltd Unaudited accounts Contents
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Lawrence Patterson Financial Ltd Company Information for the year ended 30 June 2023
Director
Lawrence Patterson
Company Number
NI669234 (Northern Ireland)
Registered Office
56 CREEVYTENANT ROAD BOARDMILLS BALLYNAHINCH CO DOWN BT24 8UJ UNITED KINGDOM
Accountants
Beech Accounting Ltd 185 Magheralane Road Randalstown Antrim BT41 2PH
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Lawrence Patterson Financial Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
169,400 
93,600 
Tangible assets
249 
311 
169,649 
93,911 
Current assets
Cash at bank and in hand
32,019 
141,438 
Creditors: amounts falling due within one year
(103,886)
(162,568)
Net current liabilities
(71,867)
(21,130)
Net assets
97,782 
72,781 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
97,682 
72,681 
Shareholders' funds
97,782 
72,781 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 31 March 2024 and were signed on its behalf by
Lawrence Patterson Director Company Registration No. NI669234
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Lawrence Patterson Financial Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Lawrence Patterson Financial Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI669234. The registered office is 56 CREEVYTENANT ROAD BOARDMILLS, BALLYNAHINCH, CO DOWN, BT24 8UJ, UNITED KINGDOM.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Computer equipment
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
117,000 
Additions
124,000 
At 30 June 2023
241,000 
Amortisation
At 1 July 2022
23,400 
Charge for the year
48,200 
At 30 June 2023
71,600 
Net book value
At 30 June 2023
169,400 
At 30 June 2022
93,600 
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Lawrence Patterson Financial Ltd Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2022
389 
At 30 June 2023
389 
Depreciation
At 1 July 2022
78 
Charge for the year
62 
At 30 June 2023
140 
Net book value
At 30 June 2023
249 
At 30 June 2022
311 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
40,273 
45,407 
Taxes and social security
37,705 
34,217 
Other creditors
25,000 
25,000 
Loans from directors
(4,802)
41,230 
Accruals
5,710 
16,714 
103,886 
162,568 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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