Registered number
SC424944
Patterson Irving Limited
Filleted Accounts
31 March 2024
Patterson Irving Limited Registered number
Balance Sheet SC424944
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,186 2,016
Current assets
Debtors 5 22,304 5,711
Cash at bank and in hand 11,735 908
34,039 6,619
Creditors: amounts falling due within one year 6 (36,071) (28,845)
Net current liabilities (2,032) (22,226)
Total assets less current liabilities 154 (20,210)
Creditors: amounts falling due after more than one year 7 - (23,534)
Net assets/(liabilities) 154 (43,744)
Capital and reserves
Called up share capital 1 1
Profit and loss account 153 (43,745)
Shareholders' funds 154 (43,744)
The director is 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 director acknowledges his 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.
R Irving
Director
Approved by the board on 7 March 2025
Patterson Irving Limited
Notes to the Accounts
for the year ended 31 March 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 represents fee income receivable, net of value added tax.
Goodwill and amortisation
Purchased goodwill is capitalised and amortised over its estimated useful life. The company's goodwill has now been fully amortised.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation has been provided at the following rate to write off the assets over their estimated useful lives:
Equipment - 25% p.a. on the reducing balance basis
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of employees 1 1
3 Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 30,000
At 31 March 2024 30,000
Amortisation
At 1 April 2023 30,000
At 31 March 2024 30,000
Net book value
At 31 March 2024 and 31 March 2023 -
4 Tangible fixed assets
Equipment
£
Cost
At 1 April 2023 7,297
Additions 899
At 31 March 2024 8,196
Depreciation
At 1 April 2023 5,281
Charge for the year 729
At 31 March 2024 6,010
Net book value
At 31 March 2024 2,186
At 31 March 2023 2,016
5 Debtors 2024 2023
£ £
Trade debtors 20,000 -
Other debtors 2,304 5,711
22,304 5,711
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan - 6,865
Trade creditors - 1,825
Corporation tax 16,338 6,131
Other taxes 7,881 8,668
Other creditors 11,852 5,356
36,071 28,845
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan - 23,534
8 Controlling party
At 31 March 2024 the company was controlled by the director, Mr R Irving, since he owned the company's entire issued share capital.
9 Other information
Patterson Irving Limited is a private company limited by shares and incorporated in Scotland. Its registered office is Summit House, 4-5 Mitchell Street, Edinburgh EH6 7BD.
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