Registration number: 03727649

Pattinsons Accountancy Limited

Contents

Company Information	1
Director's Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

Pattinsons Accountancy Limited

Company Information

Director

Mr Nicholas Peter Russell

Company secretary

Mrs JL Thorneycroft

Registered office

Unit 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton Warwickshire CV10 7RJ

Pattinsons Accountancy Limited

Director's Report for the Year Ended 30 September 2024

The director presents his report and the financial statements for the year ended 30 September 2024.

Director of the company

The director who held office during the year was as follows:

Mr Nicholas Peter Russell

Principal activity

The principal activity of the company is the provision of consultancy services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 29 September 2025 and signed on its behalf by:

.........................................
Mr Nicholas Peter Russell
Director

Pattinsons Accountancy Limited

(Registration number: 03727649)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	54	143
Current assets
Debtors	6	467,665	481,197
Creditors: Amounts falling due within one year	7	(163,262)	(216,085)
Net current assets		304,403	265,112
Total assets less current liabilities		304,457	265,255
Creditors: Amounts falling due after more than one year	7	(3,208)	(7,058)
Net assets		301,249	258,197
Capital and reserves
Called up share capital	8	283	283
Retained earnings		300,966	257,914
Shareholders' funds		301,249	258,197

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 29 September 2025
 

......................................... Mr Nicholas Peter Russell Director

Pattinsons Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ
United Kingdom

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Pattinsons Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	4 years straight line basis
Leasehold improvements	Straight line over the eriod fo the lease
Office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Pattinsons Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company during the year, was 3 (2023 - 4).

4	Profit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	89	89

Pattinsons Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 October 2023	1,844	1,844
At 30 September 2024	1,844	1,844
Depreciation
At 1 October 2023	1,701	1,701
Charge for the year	89	89
At 30 September 2024	1,790	1,790
Carrying amount
At 30 September 2024	54	54
At 30 September 2023	143	143

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		17,444	-
Amounts owed by related parties	10	86,289	81,464
Other debtors		363,932	399,733
		467,665	481,197

Pattinsons Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	9	22,807	14,679
Trade creditors		-	78
Taxation and social security		40,455	51,245
Other creditors		100,000	150,083
		163,262	216,085
Due after one year
Loans and borrowings	9	3,208	7,058

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	3,208	7,058

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £0.10 each	2,833	283	2,833	283

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	3,208	7,058

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	3,850	3,850
Bank overdrafts	18,957	10,829
	22,807	14,679

Pattinsons Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

10	Related party transactions

Transactions with the director

2024	At 1 October 2023 £	Advances to director £	Repayments by director £	Other payments made to company by director £	At 30 September 2024 £
Director	36,120	53,300	(32,500)	1,147	58,067

2023	At 1 October 2022 £	Advances to director £	Repayments by director £	Other payments made to company by director £	At 30 September 2023 £
Director	27,139	40,000	(31,750)	731	36,120

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.