IRIS Accounts Production v24.3.2.46 07277519 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072775192023-06-30072775192024-06-30072775192023-07-012024-06-30072775192022-06-30072775192022-07-012023-06-30072775192023-06-3007277519ns15:EnglandWales2023-07-012024-06-3007277519ns14:PoundSterling2023-07-012024-06-3007277519ns10:Director12023-07-012024-06-3007277519ns10:Director22023-07-012024-06-3007277519ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007277519ns10:SmallEntities2023-07-012024-06-3007277519ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007277519ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007277519ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007277519ns10:FullAccounts2023-07-012024-06-3007277519ns10:OrdinaryShareClass12023-07-012024-06-3007277519ns10:RegisteredOffice2023-07-012024-06-3007277519ns5:CurrentFinancialInstruments2024-06-3007277519ns5:CurrentFinancialInstruments2023-06-3007277519ns5:Non-currentFinancialInstruments2024-06-3007277519ns5:Non-currentFinancialInstruments2023-06-3007277519ns5:ShareCapital2024-06-3007277519ns5:ShareCapital2023-06-3007277519ns5:RetainedEarningsAccumulatedLosses2024-06-3007277519ns5:RetainedEarningsAccumulatedLosses2023-06-3007277519ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3007277519ns5:PlantMachinery2023-07-012024-06-3007277519ns5:FurnitureFittings2023-07-012024-06-3007277519ns5:ComputerEquipment2023-07-012024-06-3007277519ns5:LandBuildings2023-06-3007277519ns5:PlantMachinery2023-06-3007277519ns5:FurnitureFittings2023-06-3007277519ns5:LandBuildings2023-07-012024-06-3007277519ns5:LandBuildings2024-06-3007277519ns5:PlantMachinery2024-06-3007277519ns5:FurnitureFittings2024-06-3007277519ns5:LandBuildings2023-06-3007277519ns5:PlantMachinery2023-06-3007277519ns5:FurnitureFittings2023-06-3007277519ns5:MotorVehicles2023-06-3007277519ns5:ComputerEquipment2023-06-3007277519ns5:MotorVehicles2023-07-012024-06-3007277519ns5:MotorVehicles2024-06-3007277519ns5:ComputerEquipment2024-06-3007277519ns5:MotorVehicles2023-06-3007277519ns5:ComputerEquipment2023-06-3007277519ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3007277519ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3007277519ns5:Secured2024-06-3007277519ns5:Secured2023-06-3007277519ns5:DeferredTaxation2023-06-3007277519ns5:DeferredTaxation2023-07-012024-06-3007277519ns5:DeferredTaxation2024-06-3007277519ns10:OrdinaryShareClass12024-06-30
















PATTERNS (DERBY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PATTERNS (DERBY) LIMITED (REGISTERED NUMBER: 07277519)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PATTERNS (DERBY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S A Smith
S Walters





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 07277519 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

PATTERNS (DERBY) LIMITED (REGISTERED NUMBER: 07277519)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 847,044 873,688

CURRENT ASSETS
Stocks 6,720 14,000
Debtors 5 342,374 224,757
Cash at bank and in hand 132,029 138,100
481,123 376,857
CREDITORS
Amounts falling due within one year 6 200,547 157,207
NET CURRENT ASSETS 280,576 219,650
TOTAL ASSETS LESS CURRENT LIABILITIES 1,127,620 1,093,338

CREDITORS
Amounts falling due after more than one
year

7

(314,054

)

(348,314

)

PROVISIONS FOR LIABILITIES 9 (11,800 ) (14,400 )
NET ASSETS 801,766 730,624

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 801,764 730,622
SHAREHOLDERS' FUNDS 801,766 730,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PATTERNS (DERBY) LIMITED (REGISTERED NUMBER: 07277519)

BALANCE SHEET - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




S A Smith - Director



S Walters - Director


PATTERNS (DERBY) LIMITED (REGISTERED NUMBER: 07277519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Patterns (Derby) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PATTERNS (DERBY) LIMITED (REGISTERED NUMBER: 07277519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 898,528 181,063 6,040
Additions - 4,199 -
At 30 June 2024 898,528 185,262 6,040
DEPRECIATION
At 1 July 2023 82,416 132,703 5,320
Charge for year 16,371 12,615 180
At 30 June 2024 98,787 145,318 5,500
NET BOOK VALUE
At 30 June 2024 799,741 39,944 540
At 30 June 2023 816,112 48,360 720

PATTERNS (DERBY) LIMITED (REGISTERED NUMBER: 07277519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 34,455 18,283 1,138,369
Additions - 493 4,692
At 30 June 2024 34,455 18,776 1,143,061
DEPRECIATION
At 1 July 2023 31,497 12,745 264,681
Charge for year 739 1,431 31,336
At 30 June 2024 32,236 14,176 296,017
NET BOOK VALUE
At 30 June 2024 2,219 4,600 847,044
At 30 June 2023 2,958 5,538 873,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 297,981 185,623
Other debtors 44,393 39,134
342,374 224,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,881 49,881
Trade creditors 10,935 4,747
Taxation and social security 81,133 44,241
Other creditors 58,598 58,338
200,547 157,207

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 314,054 348,314

PATTERNS (DERBY) LIMITED (REGISTERED NUMBER: 07277519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 363,935 398,195

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,800 14,400

Deferred
tax
£   
Balance at 1 July 2023 14,400
Provided during year (2,600 )
Accelerated capital allowance
Balance at 30 June 2024 11,800

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2