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 |
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|
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. |