Patrick Doherty Design Limited |
Registered Number:04843122 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2023
Patrick Doherty Design Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Patrick Doherty Design Limited
Statement of Financial Position
2022
2023
-
3,160
2
Property, plant and equipment |
21,413
27,975
3
215,753
330,330
4
351,743
246,888
Trade and other receivables |
29,917
33,556
5
325,505
Cash and cash equivalents |
160,115
193,671
355,422
Trade and other payables: amounts falling due within one year |
(94,574)
(68,821)
6
260,848
124,850
Net current assets
Total assets less current liabilities |
476,593
507,736
(10,216)
(7,871)
Provisions for liabilities |
466,377
Net assets
499,865
2
2
22,368
10,893
444,007
488,970
466,377
499,865
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 August 2023
Patrick Doherty Design Limited
Statement of Financial Position Continued
Mr Patrick Doherty Director |
These financial statements were approved and authorised for issue by the Board on 10 April 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2023
Patrick Doherty Design Limited
Notes to the Financial Statements
Statutory Information
Patrick Doherty Design Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04843122. |
Principal place of business: |
Hopgrass Farmhouse
Strongrove Hill, Bath Road
Hungerford
Berkshire
RG17 0SH
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act |
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Equipment
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 August 2023
Patrick Doherty Design Limited
Notes to the Financial Statements Continued
Investments
Investments are included at fair value.
2. Intangible fixed assets |
Goodwill
63,200
63,200
60,040
3,160
Charge for year
63,200
-
3,160
3. Property, plant and equipment |
Equipment
Motor vehicles
68,212
26,164
42,048
42,048
26,164
68,212
Provision for depreciation and impairment |
40,237
21,841
18,396
Charge for year
6,562
649
5,913
46,799
22,490
24,309
17,739
3,674
21,413
23,652
4,323
27,975
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For the year ended 31 August 2023
Patrick Doherty Design Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets |
215,753
215,753
100,000
100,000
14,577
14,577
330,330
330,330
330,330
330,330
215,753
215,753
5. Trade and other receivables |
2022
2023
32,136
28,538
1,420
1,379
29,917
33,556
6. Trade and other payables: amounts falling due within one year |
2022
2023
1,591
-
Taxation and social security |
63,592
82,160
3,638
12,414
68,821
94,574
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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