2023-04-012024-03-312024-03-31false07981672PATCO CONSULTANCY 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PATCO CONSULTANCY LIMITED

Registered Number
07981672
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

PATCO CONSULTANCY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

PATEL, Sanjay, Dr

Registered Address

Ramsay Brown Llp The Brentano Suite
Solar House, 915 High Road
North Finchley
N12 8QJ

Registered Number

07981672 (England and Wales)
PATCO CONSULTANCY LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,5333,066
2,5333,066
Current assets
Debtors42,467,8281,987,502
Current asset investments5454
Cash at bank and on hand870,926896,861
3,338,8082,884,417
Creditors amounts falling due within one year5(233,189)(214,522)
Net current assets (liabilities)3,105,6192,669,895
Total assets less current liabilities3,108,1522,672,961
Net assets3,108,1522,672,961
Capital and reserves
Called up share capital100100
Profit and loss account3,108,0522,672,861
Shareholders' funds3,108,1522,672,961
The financial statements were approved and authorised for issue by the Director on 14 October 2024, and are signed on its behalf by:
PATEL, Sanjay, Dr
Director
Registered Company No. 07981672
PATCO CONSULTANCY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
No significant judgements or estimates have been made in preparation of these financial statements.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2311,841
At 31 March 2411,841
Depreciation and impairment
At 01 April 238,775
Charge for year533
At 31 March 249,307
Net book value
At 31 March 242,533
At 31 March 233,066
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables667,728837,502
Other debtors1,800,1001,150,000
Total2,467,8281,987,502
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,8267,059
Taxation and social security228,575205,273
Other creditors-524
Accrued liabilities and deferred income1,7881,666
Total233,189214,522