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REGISTERED NUMBER: 02316089















Unaudited Financial Statements for the Year Ended 30th November 2024

for

Patterson Contracts Limited

Patterson Contracts Limited (Registered number: 02316089)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Patterson Contracts Limited

Company Information
for the Year Ended 30th November 2024







DIRECTOR: V Patterson





REGISTERED OFFICE: Patterson House Canalside
Trumpers Way
London
W7 2BD





REGISTERED NUMBER: 02316089





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Patterson Contracts Limited (Registered number: 02316089)

Balance Sheet
30th November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 186,378 156,517

CURRENT ASSETS
Debtors 5 579,801 506,676
Cash at bank 425,252 441,079
1,005,053 947,755
CREDITORS
Amounts falling due within one year 6 (105,856 ) (108,436 )
NET CURRENT ASSETS 899,197 839,319
TOTAL ASSETS LESS CURRENT LIABILITIES 1,085,575 995,836

CREDITORS
Amounts falling due after more than one
year

7

(15,400

)

-

PROVISIONS FOR LIABILITIES (28,520 ) (28,520 )
NET ASSETS 1,041,655 967,316

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,041,653 967,314
1,041,655 967,316

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

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

The director acknowledges his 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.

Patterson Contracts Limited (Registered number: 02316089)

Balance Sheet - continued
30th November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th August 2025 and were signed by:





V Patterson - Director


Patterson Contracts Limited (Registered number: 02316089)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Patterson Contracts Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

Patterson Contracts Limited (Registered number: 02316089)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st December 2023 6,410 393,892 141,956 542,258
Additions - 89,850 - 89,850
Disposals - (79,537 ) - (79,537 )
At 30th November 2024 6,410 404,205 141,956 552,571
DEPRECIATION
At 1st December 2023 - 309,021 76,720 385,741
Charge for year - 43,680 16,309 59,989
Eliminated on disposal - (79,537 ) - (79,537 )
At 30th November 2024 - 273,164 93,029 366,193
NET BOOK VALUE
At 30th November 2024 6,410 131,041 48,927 186,378
At 30th November 2023 6,410 84,871 65,236 156,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,094 27,072
Other debtors 462,466 460,356
Prepayments 20,241 19,248
579,801 506,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,678 -
Trade creditors (4,112 ) 9,981
Tax 16,679 27,206
VAT 1,976 7,613
Other creditors 60,000 60,000
Accrued expenses 6,635 3,636
105,856 108,436

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,400 -

Patterson Contracts Limited (Registered number: 02316089)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

8. RELATED PARTY DISCLOSURES

During the year, the company provided goods and services to Patterson Construction Limited which amounted to £187,163 (2023: £350,609). Paterson Construction Limited is a company under the control of the director of this company. These transactions were at arms' length and provided on normal commercial terms. At the end of the year and included in trade debtors was £97,094 (2023: £27,072) due to the company.

During the year the company incurred management fees to Patterson Construction Limited of £60,000 (2022: £60,000).

Included within rent is £30,960 (2023: £30,960) that was from a Partnership, which is controlled by the directors. These transactions were provided on normal commercial terms. Prepayments also includes an amount of £2,580 (2023: £5,160) in connection to this rent.

Included within other debtors is £462,465 (2023: £460,356) due from Patterson Family Holdings Limited, a business controlled by the directors.