PATRICK WILLIAMS LIMITED

Company Registration Number:
07426769 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 December 2022

End date: 31 December 2023

PATRICK WILLIAMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

PATRICK WILLIAMS LIMITED

Balance sheet

As at 31 December 2023


Notes

13 months to 31 December 2023

2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 21,544 31,734
Total fixed assets: 21,544 31,734
Current assets
Debtors:   562,086 269,310
Cash at bank and in hand: 62 228,096
Total current assets: 562,148 497,406
Creditors: amounts falling due within one year:   (184,669) (179,775)
Net current assets (liabilities): 377,479 317,631
Total assets less current liabilities: 399,023 349,365
Provision for liabilities: (4,093) (4,606)
Total net assets (liabilities): 394,930 344,759
Capital and reserves
Called up share capital: 60 60
Other reserves: 40 40
Profit and loss account: 394,830 344,659
Shareholders funds: 394,930 344,759

The notes form part of these financial statements

PATRICK WILLIAMS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: Mr Robert Forsyth
Status: Director

The notes form part of these financial statements

PATRICK WILLIAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets and depreciation policy

Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor Vehicles 25% Reducing Balance Fixtures & Fittings 15% and 25% Reducing Balance

PATRICK WILLIAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

13 months to 31 December 2023 2022
Average number of employees during the period 8 15

PATRICK WILLIAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 65,854
Additions 2,233
Disposals (14,500)
At 31 December 2023 53,587
Depreciation
At 01 December 2022 34,120
Charge for year 3,814
On disposals (5,891)
At 31 December 2023 32,043
Net book value
At 31 December 2023 21,544
At 30 November 2022 31,734

PATRICK WILLIAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Loans to directors

Name of director receiving advance or credit: Mr Robert Forsyth
Description of the loan: Unsecured and interest free loan repayable on demand.
£
Balance at 01 December 2022 0
Advances or credits made: 29,806
Advances or credits repaid: 0
Balance at 31 December 2023 29,806
Name of director receiving advance or credit: Mr Jacob Felix
Description of the loan: Unsecured and interest free loan repayable on demand.
£
Balance at 01 December 2022 0
Advances or credits made: 33,312
Advances or credits repaid: 0
Balance at 31 December 2023 33,312