Company registration number 09462090 (England and Wales)
PATTERSON BOATWORKS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
PATTERSON BOATWORKS LTD
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
19,266
24,608
Current assets
86,552
121,887
Prepayments and accrued income
12,316
257
Creditors: amounts falling due within one year
(78,044)
(92,389)
Net current assets
20,824
29,755
Total assets less current liabilities
40,090
54,363
Creditors: amounts falling due after more than one year
(40,621)
(51,623)
Accruals and deferred income
(2,605)
(2,606)
Net (liabilities)/assets
(3,136)
134
Capital and reserves
(3,136)
134
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
The director's loan account with the company was overdrawn at the year end by £29,894 (2023: £70,404). During the year the maximum overdrawn balance on the loan was £71,110.
The loan was unsecured.
Interest has been charged at 2.25%.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
Patterson Boatworks Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Sawmill, Hawkshead, Ambleside, LA22 0PL.
For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
PATTERSON BOATWORKS LTD
BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 November 2024 and are signed on its behalf by:
Mr H C E Patterson
Director
Company registration number 09462090 (England and Wales)