1 April 2023 false No description of principal activity Taxfiler 2024.5 09756900business:PrivateLimitedCompanyLtd2023-04-012024-03-31 097569002023-03-31 097569002023-04-012024-03-31 09756900business:AuditExemptWithAccountantsReport2023-04-012024-03-31 09756900business:FilletedAccounts2023-04-012024-03-31 097569002024-03-31 09756900business:Director12023-04-012024-03-31 09756900business:Director22023-04-012024-03-31 09756900business:RegisteredOffice2023-04-012024-03-31 097569002023-03-31 09756900core:WithinOneYear2024-03-31 09756900core:WithinOneYear2023-03-31 09756900core:AfterOneYear2024-03-31 09756900core:AfterOneYear2023-03-31 09756900core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 09756900core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09756900core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 09756900core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09756900core:PreviouslyStatedAmount2024-03-31 09756900core:PreviouslyStatedAmount2023-03-31 09756900business:SmallEntities2023-04-012024-03-31 09756900countries:EnglandWales2023-04-012024-03-31 09756900core:PlantMachinery2023-04-012024-03-31 09756900core:PlantMachinery2023-03-31 09756900core:MotorVehicles2023-03-31 09756900core:MotorVehicles2023-04-012024-03-31 09756900core:PlantMachinery2024-03-31 09756900core:MotorVehicles2024-03-31 097569002022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09756900 (England and Wales)
PATIENCE COMPANY LIMITED Unaudited accounts for the year ended 31 March 2024
PATIENCE COMPANY LIMITED Company Information for the year ended 31 March 2024
Directors
Lucy Njeri Knight Roy Gould
Company Number
09756900 (England and Wales)
Registered Office
KINGSWOOD HOUSE, SUITE 16-17 SOUTH ROAD KINGSWOOD BRISTOL SOUTH GLOUCESTER BS15 8JF ENGLAND
Accountants
Faire Services Limited Certified Accountants 50 Northover Road Bristol BS9 3LJ
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PATIENCE COMPANY LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,005 
29,987 
Investment property
283,488 
- 
323,493 
29,987 
Current assets
Debtors
- 
160,000 
Cash at bank and in hand
502,578 
370,535 
502,578 
530,535 
Creditors: amounts falling due within one year
(327,843)
(201,315)
Net current assets
174,735 
329,220 
Total assets less current liabilities
498,228 
359,207 
Creditors: amounts falling due after more than one year
(16,597)
(34,790)
Net assets
481,631 
324,417 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
481,531 
324,317 
Shareholders' funds
481,631 
324,417 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by
Lucy Njeri Knight Director Company Registration No. 09756900
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PATIENCE COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PATIENCE COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09756900. The registered office is KINGSWOOD HOUSE, SUITE 16-17 SOUTH ROAD, KINGSWOOD, BRISTOL, SOUTH GLOUCESTER, BS15 8JF, 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.
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
18%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
37,743 
3,050 
40,793 
Additions
1,725 
17,195 
18,920 
At 31 March 2024
39,468 
20,245 
59,713 
Depreciation
At 1 April 2023
10,257 
549 
10,806 
Charge for the year
5,258 
3,644 
8,902 
At 31 March 2024
15,515 
4,193 
19,708 
Net book value
At 31 March 2024
23,953 
16,052 
40,005 
At 31 March 2023
27,486 
2,501 
29,987 
5
Investment property
2024 
£ 
Additions
283,488 
At 31 March 2024
283,488 
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PATIENCE COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
160,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
89,644 
70,250 
Loans from directors
236,699 
129,865 
Accruals
1,500 
1,200 
327,843 
201,315 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,597 
34,790 
9
Average number of employees
During the year the average number of employees was 47 (2023: 47).
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