Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06587396 2023-08-01 2024-07-31 06587396 2022-08-01 2023-07-31 06587396 2024-07-31 06587396 2023-07-31 06587396 c:Director1 2023-08-01 2024-07-31 06587396 d:PlantMachinery 2023-08-01 2024-07-31 06587396 d:PlantMachinery 2024-07-31 06587396 d:PlantMachinery 2023-07-31 06587396 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06587396 d:CurrentFinancialInstruments 2024-07-31 06587396 d:CurrentFinancialInstruments 2023-07-31 06587396 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 06587396 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06587396 d:ShareCapital 2024-07-31 06587396 d:ShareCapital 2023-07-31 06587396 d:RetainedEarningsAccumulatedLosses 2024-07-31 06587396 d:RetainedEarningsAccumulatedLosses 2023-07-31 06587396 c:FRS102 2023-08-01 2024-07-31 06587396 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06587396 c:FullAccounts 2023-08-01 2024-07-31 06587396 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06587396 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 06587396 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06587396 2 2023-08-01 2024-07-31 06587396 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 06587396










Patrick Johnston Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 July 2024

 
Patrick Johnston Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Patrick Johnston Limited for the year ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Patrick Johnston Limited for the year ended 31 July 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Patrick Johnston Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Patrick Johnston Limited and state those matters that we have agreed to state to the Board of directors of Patrick Johnston Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Patrick Johnston Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Patrick Johnston Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Patrick Johnston Limited. You consider that Patrick Johnston Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Patrick Johnston Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
23 October 2024
Page 1

 
Patrick Johnston Limited
Registered number: 06587396

Balance sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,217
939

Current assets
  

Debtors: amounts falling due within one year
 5 
3,113
10,145

Cash at bank and in hand
  
778,646
749,412

  
781,759
759,557

Creditors: amounts falling due within one year
 6 
(4,233)
(3,706)

Net current assets
  
 
 
777,526
 
 
755,851

  

Net assets
  
778,743
756,790


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
778,543
756,590

  
778,743
756,790


Page 2

 
Patrick Johnston Limited
Registered number: 06587396

Balance sheet (continued)
As at 31 July 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P O Johnston
Director
Date: 21 October 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Patrick Johnston Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales (registered number: 06587396).
The address of its registered office is 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ.
The principal place of business is Woodgate House, Woodgate, Chichester, West Sussex PO20 3SU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
Patrick Johnston Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
Patrick Johnston Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
Patrick Johnston Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 August 2023
2,793


Additions
599


Disposals
(508)



At 31 July 2024

2,884



Depreciation


At 1 August 2023
1,854


Charge for the year on owned assets
321


Disposals
(508)



At 31 July 2024

1,667



Net book value



At 31 July 2024
1,217



At 31 July 2023
939

Page 7

 
Patrick Johnston Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

5.


Debtors

2024
2023
£
£

Prepayments and accrued income
1,334
1,049

Deferred taxation
1,779
9,096

3,113
10,145



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,318
1,006

Accruals and deferred income
2,915
2,700

4,233
3,706



7.


Deferred taxation




2024


£






At beginning of year
9,096


Charged to profit or loss
(7,317)



At end of year
1,779

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,779
9,096


Page 8