Relate AccountsProduction v2.7.2 v2.7.2 2022-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is in the provision of food and drink 2 May 2024 NI641635 2023-11-30 NI641635 2022-11-30 NI641635 2021-11-30 NI641635 2022-12-01 2023-11-30 NI641635 2021-12-01 2022-11-30 NI641635 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI641635 uk-curr:PoundSterling 2022-12-01 2023-11-30 NI641635 uk-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI641635 uk-bus:FullAccounts 2022-12-01 2023-11-30 NI641635 uk-core:ShareCapital 2023-11-30 NI641635 uk-core:ShareCapital 2022-11-30 NI641635 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI641635 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI641635 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI641635 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 NI641635 uk-bus:FRS102 2022-12-01 2023-11-30 NI641635 uk-core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 NI641635 uk-core:WithinOneYear 2023-11-30 NI641635 uk-core:WithinOneYear 2022-11-30 NI641635 uk-core:WithinOneYear 2023-11-30 NI641635 uk-core:WithinOneYear 2022-11-30 NI641635 uk-core:AfterOneYear 2023-11-30 NI641635 uk-core:AfterOneYear 2022-11-30 NI641635 uk-core:BetweenOneTwoYears 2023-11-30 NI641635 uk-core:BetweenOneTwoYears 2022-11-30 NI641635 uk-core:BetweenTwoFiveYears 2023-11-30 NI641635 uk-core:BetweenTwoFiveYears 2022-11-30 NI641635 2022-12-01 2023-11-30 NI641635 uk-bus:Director1 2022-12-01 2023-11-30 NI641635 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI641635
 
 
PATC'S Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 November 2023
PATC'S Ltd
Company Registration Number: NI641635
BALANCE SHEET
as at 30 November 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 37,721 49,110
───────── ─────────
 
Current Assets
Stocks 5 10,000 10,000
Debtors 6 24,008 14,374
Cash and cash equivalents - 617
───────── ─────────
34,008 24,991
───────── ─────────
Creditors: amounts falling due within one year 7 (122,871) (109,454)
───────── ─────────
Net Current Liabilities (88,863) (84,463)
───────── ─────────
Total Assets less Current Liabilities (51,142) (35,353)
 
Creditors:
amounts falling due after more than one year 8 (14,972) (24,820)
───────── ─────────
Net Liabilities (66,114) (60,173)
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings (66,214) (60,273)
───────── ─────────
Equity attributable to owners of the company (66,114) (60,173)
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 2 May 2024 and signed on its behalf by
           
________________________________          
Charlie McKeever          
Director          
           



PATC'S Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
PATC'S Ltd is a company limited by shares incorporated in Northern Ireland. 28/29 Woodhouse Street, Portadown, Co. Armagh, BT62 1JG, Northern Ireland  is the registered office,which is also the principal place of business of the company. The principal activity of the company is in the provision of food and drink The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company contributes to a staff pension scheme under auto enrolment. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 11, (2022 - 11).
 
  2023 2022
  Number Number
 
Directors 2 2
Employees 9 9
  ───────── ─────────
  11 11
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 December 2022 113,895 113,895
  ───────── ─────────
 
At 30 November 2023 113,895 113,895
  ───────── ─────────
Depreciation
At 1 December 2022 64,785 64,785
Charge for the financial year 11,389 11,389
  ───────── ─────────
At 30 November 2023 76,174 76,174
  ───────── ─────────
Net book value
At 30 November 2023 37,721 37,721
  ═════════ ═════════
At 30 November 2022 49,110 49,110
  ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 10,000 10,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2023 2022
  £ £
 
Directors' current accounts (Note 11) 24,008 14,374
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank overdrafts 17,555 14,643
Bank loan 10,648 10,648
Trade creditors 33,323 28,901
Taxation  (Note 9) 56,145 50,062
Accruals 5,200 5,200
  ───────── ─────────
  122,871 109,454
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 14,972 24,820
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 28,203 25,291
Repayable between one and two years 10,648 10,648
Repayable between two and five years 4,324 14,172
  ───────── ─────────
  43,175 50,111
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Creditors:
VAT 18,784 20,923
Corporation tax 1,196 2,072
PAYE / NI 36,165 27,067
  ───────── ─────────
  56,145 50,062
  ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 November 2023.
   
11. Directors' advances, credits and guarantees
 
The directors' were advanced a loan during the year which was settled after the year end.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.