Registration number: 06336258

Pattinsons Business Services Ltd

Contents

Company Information	1
Directors' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 10

Pattinsons Business Services Ltd

Company Information

Directors

Mr Nicholas Peter Russell Mrs Jessica Louise Thorneycroft

Registered office

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

Pattinsons Business Services Ltd

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Nicholas Peter Russell

Mrs Jessica Louise Thorneycroft

Principal activity

The principal activity of the company is the provision of Accountancy 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 Board on 29 September 2025 and signed on its behalf by:

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

Pattinsons Business Services Ltd

(Registration number: 06336258)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	5	245,000	262,500
Tangible assets	6	6,411	13,436
		251,411	275,936
Current assets
Debtors	7	453,112	522,795
Cash at bank and in hand		890	28,036
		454,002	550,831
Creditors: Amounts falling due within one year	8	(309,017)	(396,950)
Net current assets		144,985	153,881
Total assets less current liabilities		396,396	429,817
Creditors: Amounts falling due after more than one year	8	(293,574)	(316,667)
Provisions for liabilities		(1,218)	(3,561)
Net assets		101,604	109,589
Capital and reserves
Called up share capital	9	122	122
Retained earnings		101,482	109,467
Shareholders' funds		101,604	109,589

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.

Directors' 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 directors acknowledge their 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 Board on 29 September 2025 and signed on its behalf by:
 

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

Pattinsons Business Services Ltd

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 & Wales.

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

These financial statements were authorised for issue by the Board 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 Business Services Ltd

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	Straight line over 4 years
Office Equioment	Straight line over 4 years
Leasehold improvements	Straight line over the period of the lease

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 20 years

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.

Pattinsons Business Services Ltd

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

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.

Pattinsons Business Services Ltd

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

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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 11 (2023 - 14).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	7,280	8,012
Amortisation expense	17,500	17,500

Pattinsons Business Services Ltd

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

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 October 2023	350,000	350,000
At 30 September 2024	350,000	350,000
Amortisation
At 1 October 2023	87,500	87,500
Amortisation charge	17,500	17,500
At 30 September 2024	105,000	105,000
Carrying amount
At 30 September 2024	245,000	245,000
At 30 September 2023	262,500	262,500

6	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 October 2023	8,416	10,650	22,861	41,927
Additions	-	-	254	254
At 30 September 2024	8,416	10,650	23,115	42,181
Depreciation
At 1 October 2023	5,480	8,247	14,764	28,491
Charge for the year	1,096	1,973	4,210	7,279
At 30 September 2024	6,576	10,220	18,974	35,770
Carrying amount
At 30 September 2024	1,840	430	4,141	6,411
At 30 September 2023	2,936	2,403	8,097	13,436

Pattinsons Business Services Ltd

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

7

Debtors

Current	2024 £	2023 £
Trade debtors	209,730	201,156
Prepayments	119,737	168,480
Other debtors	123,645	153,159
	453,112	522,795

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	10	11,163	10,000
Trade creditors		37,332	19,195
Taxation and social security		69,587	60,745
Other creditors		190,935	307,010
		309,017	396,950
Due after one year
Loans and borrowings	10	293,574	316,667

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	293,574	316,667

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary £1 of £1 each	40	40	40	40
Ordinary A £1 of £1 each	40	40	40	40
Ordinary B £1 of £1 each	40	40	40	40
Ordinary C £1 of £1 each	1	1	1	1
Ordinary D £1 of £1 each	1	1	1	1
	122	122	122	122

Pattinsons Business Services Ltd

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

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	6,667	16,667
Other borrowings	286,907	300,000
	293,574	316,667

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	10,000
Bank overdrafts	1,163	-
	11,163	10,000

11	Related party transactions

Transactions with directors

2024	At 1 October 2023 £	Repayments by director £	Other payments made to company by director £	At 30 September 2024 £
Director 1	1,040	(10,500)	2,552	(6,908)
Dircetor 2	959	(797)	546	708
	1,999	(11,297)	3,098	(6,200)

2023	At 1 October 2022 £	Advances to director £	Repayments by director £	At 30 September 2023 £
Director 1	662	378	-	1,040
Dircetor 2	1,076	365	(482)	959
	1,738	743	(482)	1,999