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Company Registration No. 10560184 (England and Wales)
PATRICK IT LIMITED Unaudited accounts for the year ended 31 January 2024
PATRICK IT LIMITED Unaudited accounts Contents
Page
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PATRICK IT LIMITED Company Information for the year ended 31 January 2024
Director
Vimalraj Joseph
Company Number
10560184 (England and Wales)
Registered Office
415 Upper Elmers End Road Elmers End Kent BR3 3DA United Kingdom
Accountants
Nathan & Co 2 Highview Avenue Wallington Surrey SM6 8PQ
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PATRICK IT LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,921 
3,653 
Current assets
Cash at bank and in hand
126 
126 
Creditors: amounts falling due within one year
(15,289)
(13,769)
Net current liabilities
(15,163)
(13,643)
Total assets less current liabilities
(12,242)
(9,990)
Creditors: amounts falling due after more than one year
(8,421)
(9,280)
Net liabilities
(20,663)
(19,270)
Capital and reserves
Capital redemption reserve
1 
1 
Profit and loss account
(20,664)
(19,271)
Shareholders' funds
(20,663)
(19,270)
For the year ending 31 January 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 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 17 October 2024 and were signed on its behalf by
Vimalraj Joseph Director Company Registration No. 10560184
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PATRICK IT LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PATRICK IT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10560184. The registered office is 415, Upper Elmers End Road, Elmers End, Kent, BR3 3DA, United Kingdom.
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:
Motor vehicles
25%
Computer equipment
20%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
16,000 
2,600 
18,600 
At 31 January 2024
16,000 
2,600 
18,600 
Depreciation
At 1 February 2023
13,152 
1,795 
14,947 
Charge for the year
712 
20 
732 
At 31 January 2024
13,864 
1,815 
15,679 
Net book value
At 31 January 2024
2,136 
785 
2,921 
At 31 January 2023
2,848 
805 
3,653 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
14,509 
13,289 
Accruals
780 
480 
15,289 
13,769 
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PATRICK IT LIMITED Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,421 
9,280 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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