Patrick Doherty Design Limited |
Registered Number:04843122 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2024
Patrick Doherty Design Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Patrick Doherty Design Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
46,933
21,413
3
330,330
376,208
4
423,141
351,743
Trade and other receivables |
33,556
154,933
5
160,115
Cash and cash equivalents |
16,823
171,756
193,671
Trade and other payables: amounts falling due within one year |
(68,821)
(94,772)
6
124,850
76,984
Net current assets
Total assets less current liabilities |
500,125
476,593
(22,798)
(10,216)
Provisions for liabilities |
477,327
Net assets
466,377
2
2
34,855
22,368
442,470
444,007
477,327
466,377
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Patrick Doherty Director |
These financial statements were approved and authorised for issue by the Board on 11 April 2025 and were signed by: |
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For the year ended 31 August 2024
Patrick Doherty Design Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 August 2024
Patrick Doherty Design Limited
Notes to the Financial Statements
Statutory Information
Patrick Doherty Design Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04843122. |
Principal place of business: |
Hopgrass Farmhouse
Strongrove Hill, Bath Road
Hungerford
Berkshire
RG17 0SH
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act |
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Equipment
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 August 2024
Patrick Doherty Design Limited
Notes to the Financial Statements Continued
Investments
Investments are included at fair value.
2. Intangible fixed assets |
Goodwill
63,200
63,200
63,200
63,200
-
-
3. Property, plant and equipment |
Equipment
Motor vehicles
68,212
26,164
42,048
40,676
-
40,676
82,724
26,164
108,888
Provision for depreciation and impairment |
46,799
22,490
24,309
Charge for year
15,156
552
14,604
61,955
23,042
38,913
43,811
3,122
46,933
17,739
3,674
21,413
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For the year ended 31 August 2024
Patrick Doherty Design Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets |
330,330
330,330
45,878
45,878
376,208
376,208
376,208
376,208
330,330
330,330
5. Trade and other receivables |
2023
2024
151,489
32,136
3,444
1,420
33,556
154,933
6. Trade and other payables: amounts falling due within one year |
2023
2024
8
1,591
Taxation and social security |
91,471
63,592
3,293
3,638
94,772
68,821
7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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