Registered number
01342787
Pattinson's Book House Limited
Unaudited Filleted Accounts
31 January 2024
Pattinson's Book House Limited
Registered number: 01342787
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,426 6,478
Current assets
Stocks 77,217 65,515
Debtors 4 5,684 8,874
Cash at bank and in hand 120,118 109,305
203,019 183,694
Creditors: amounts falling due within one year 5 (47,902) (36,655)
Net current assets 155,117 147,039
Net assets 161,543 153,517
Capital and reserves
Called up share capital 130 130
Share premium 16,920 16,920
Profit and loss account 144,493 136,467
Shareholders' funds 161,543 153,517
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B R Pattinson
Director
Approved by the board on 14 October 2024
Pattinson's Book House Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 15
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 1,121 70,121 71,242
Additions - 2,100 2,100
At 31 January 2024 1,121 72,221 73,342
Depreciation
At 1 February 2023 1,121 63,643 64,764
Charge for the year - 2,152 2,152
At 31 January 2024 1,121 65,795 66,916
Net book value
At 31 January 2024 - 6,426 6,426
At 31 January 2023 - 6,478 6,478
4 Debtors 2024 2023
£ £
Trade debtors 2,714 6,263
Other debtors 2,970 2,611
5,684 8,874
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,073 20,525
Taxation and social security costs 15,979 10,667
Other creditors 4,850 5,463
47,902 36,655
6 Controlling party
The company is controlled by its directors who own the share capital.
7 Other information
Pattinson's Book House Limited is a private company limited by shares and incorporated in England. Its registered office is:
93 High Street
Thame
Oxfordshire
OX9 3HJ
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