REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 FEBRUARY 2023 TO 29 FEBRUARY 2024 |
FOR |
PATWORLD LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 FEBRUARY 2023 TO 29 FEBRUARY 2024 |
FOR |
PATWORLD LIMITED |
PATWORLD LIMITED (REGISTERED NUMBER: 11583768) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 FEBRUARY 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
PATWORLD LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 FEBRUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
13-14 Gelliwastad Road |
Pontypridd |
Rhondda Cynon Taf |
CF37 2BW |
PATWORLD LIMITED (REGISTERED NUMBER: 11583768) |
STATEMENT OF FINANCIAL POSITION |
29 FEBRUARY 2024 |
29/2/24 | 31/1/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Property, plant and equipment | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | ( |
) |
( |
) |
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. |
PATWORLD LIMITED (REGISTERED NUMBER: 11583768) |
STATEMENT OF FINANCIAL POSITION - continued |
29 FEBRUARY 2024 |
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 |
PATWORLD LIMITED (REGISTERED NUMBER: 11583768) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
PatWorld Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sale of services, excluding value added tax, in connection with a variety of patent search services, whereby the company has completed the engagement and has the right to consideration. |
Turnover also includes amounts recoverable on contract in accordance with revenue recognition and completeness of the contract at the year end. |
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 |
Plant and machinery | - |
Computer equipment | - |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
PATWORLD LIMITED (REGISTERED NUMBER: 11583768) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 FEBRUARY 2024 |
4. | INTANGIBLE FIXED ASSETS |
Developmen |
costs |
£ |
COST |
At 1 February 2023 |
Additions |
At 29 February 2024 |
AMORTISATION |
Amortisation for period |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 31 January 2023 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 29 February 2024 |
DEPRECIATION |
Charge for period |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
6. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
COST OR VALUATION |
Additions |
Disposals | ( |
) |
Revaluations |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
PATWORLD LIMITED (REGISTERED NUMBER: 11583768) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 FEBRUARY 2024 |
6. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 29 February 2024 is represented by: |
Listed |
investments |
£ |
Valuation in 2023 | 94,992 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29/2/24 | 31/1/23 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29/2/24 | 31/1/23 |
£ | £ |
Trade creditors |
Amounts owed to associates | 5,700 | 4,872 |
Taxation and social security |
Other creditors |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
29/2/24 | 31/1/23 |
£ | £ |
Within one year |
Between one and five years |
Operating lease commitments relate mainly to equipment. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issues and fully paid: |
Number: | Class: | Nominal | 29/02/2024 | 31/01/2023 |
Value: | £ | £ |
400 | Ordinary | 50p | 200 | 200 |
50 | Ordinary A | 50p | 25 | 25 |
50 | Ordinary B | 50p | 25 | 25 |
50 | Ordinary C | 50p | 25 | 25 |
50 | Ordinary D | 50p | 25 | 25 |
300 | 300 |