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
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
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
The Patcham Building Company Limited
Statement of financial position
as at 30 November 2023
Tangible assets
2,116
1,987
Cash at bank and in hand
68
20,360
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)
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
The Patcham Building Company Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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.
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.
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 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.
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
At 30 November 2023
9,403
1,928
11,331
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
At 30 November 2023
1,573
543
2,116
At 30 November 2022
1,263
724
1,987
Amounts falling due within one year
Trade debtors
28,943
30,931
Other debtors
35,893
8,693
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,028
14,137
Trade creditors
13,344
5,647
Taxes and social security
4,059
2,885
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The Patcham Building Company Limited
Notes to the Accounts
for the year ended 30 November 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan account
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).