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
PATIENCE COMPANY LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
40,005
29,987
Investment property
283,488
-
Cash at bank and in hand
502,578
370,535
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
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
PATIENCE COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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:
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
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
At 31 March 2024
23,953
16,052
40,005
At 31 March 2023
27,486
2,501
29,987
PATIENCE COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due after more than one year
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
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 47 (2023: 47).