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Company Registration No. 11041692 (England and Wales)
The Patcham Building Company Limited Unaudited accounts for the year ended 30 November 2023
The Patcham Building Company Limited Unaudited accounts Contents
Page
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The Patcham Building Company Limited Company Information for the year ended 30 November 2023
Director
Adam Spencer O'Reilly
Company Number
11041692 (England and Wales)
Registered Office
Unit 6 Riverside Business Centre Brighton Road Shoreham-By-Sea West Sussex BN43 6RE England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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The Patcham Building Company Limited Accountants' report
Accountants' report to the director of The Patcham Building Company Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Patcham Building Company Limited for the year ended 30 November 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Patcham Building Company Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of The Patcham Building Company Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Patcham Building Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Patcham Building Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Patcham Building Company Limited. You consider that The Patcham Building Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Patcham Building Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 2 July 2024
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The Patcham Building Company Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,116 
1,987 
Current assets
Debtors
64,836 
39,624 
Cash at bank and in hand
68 
20,360 
64,904 
59,984 
Creditors: amounts falling due within one year
(44,733)
(31,968)
Net current assets
20,171 
28,016 
Total assets less current liabilities
22,287 
30,003 
Creditors: amounts falling due after more than one year
(21,459)
(29,924)
Net assets
828 
79 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
827 
78 
Shareholders' funds
828 
79 
For the year ending 30 November 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 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 2 July 2024 and were signed on its behalf by
Adam Spencer O'Reilly Director Company Registration No. 11041692
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The Patcham Building Company Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
The Patcham Building Company Limited is a private company, limited by shares, registered in England and Wales, registration number 11041692. The registered office is Unit 6 Riverside Business Centre, Brighton Road, Shoreham-By-Sea, West Sussex, BN43 6RE, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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:
Plant & machinery
25% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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The Patcham Building Company Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
8,750 
1,928 
10,678 
Additions
653 
- 
653 
At 30 November 2023
9,403 
1,928 
11,331 
Depreciation
At 1 December 2022
7,487 
1,204 
8,691 
Charge for the year
343 
181 
524 
At 30 November 2023
7,830 
1,385 
9,215 
Net book value
At 30 November 2023
1,573 
543 
2,116 
At 30 November 2022
1,263 
724 
1,987 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,943 
30,931 
Other debtors
35,893 
8,693 
64,836 
39,624 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,028 
14,137 
VAT
5,247 
9,299 
Trade creditors
13,344 
5,647 
Taxes and social security
4,059 
2,885 
Other creditors
9,055 
- 
44,733 
31,968 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,459 
29,924 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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The Patcham Building Company Limited Notes to the Accounts for the year ended 30 November 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Adam Spencer O'Reilly
Directors loan account
8,693 
- 
- 
8,693 
8,693 
- 
- 
8,693 
Loan to the Director has benefit interest of 2.5% interest applied and was paid back within nine months of the year end.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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