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
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
Lawrence Patterson Financial Ltd
Statement of financial position
as at 30 June 2023
Intangible assets
169,400
93,600
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)
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
Lawrence Patterson Financial Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
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:
Computer equipment
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
48,200
Lawrence Patterson Financial Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Fixtures & fittings
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
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Average number of employees
During the year the average number of employees was 4 (2022: 4).