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COMPANY REGISTRATION NUMBER: 02497511

Patter Limited

Filleted Unaudited Financial Statements

31 March 2025

Patter Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 1,070,574 | 1,153,495

Current assets

Debtors | 6 | 546,864 |  | 538,189
Cash at bank and in hand | 240,436 |  | 230,004
| --------- |  | ---------
| 787,300 |  | 768,193

Creditors: amounts falling due within one year | 7 | 251,772 |  | 299,590
| --------- |  | ---------
Net current assets |  | 535,528 | 468,603
|  | ------------ | ------------
Total assets less current liabilities |  | 1,606,102 | 1,622,098

Provisions

Taxation including deferred tax |  | 153,844 | 170,942
|  | ------------ | ------------
Net assets |  | 1,452,258 | 1,451,156
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 4,002 | 4,002
Revaluation reserve |  | 198,928 | 198,928
Profit and loss account |  | 1,249,328 | 1,248,226
|  | ------------ | ------------
Shareholders funds |  | 1,452,258 | 1,451,156
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Patter Limited

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

Mr W Rogers
Director

Company registration number: 02497511

Patter Limited

Notes to the Financial Statements

Year ended 31st March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6, Salmon Fields, Royton, Oldham, OL2 6JG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Government grants
Government grants received as a contribution towards expenditure on fixed assets are deducted from the cost of the related asset.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 2% straight line
| Plant and machinery | - | 10% reducing balance
| Fixtures and fittings | - | 10% reducing balance
| Motor vehicles | - | 25% reducing balance

Freehold land Freehold land is not depreciated in accordance with Financial Reporting Standard 15.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 5 ).
5. Tangible assets

| Freehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1st April 2024 and 31st March 2025 | 837,470 | 1,562,366 | 19,674 | 16,708 | 2,436,218
| --------- | ------------ | -------- | -------- | ------------
Depreciation |  |  |  |  |
At 1st April 2024 | 378,426 | 874,888 | 12,804 | 16,605 | 1,282,723
Charge for the year | 13,460 | 68,748 | 687 | 26 | 82,921
| --------- | ------------ | -------- | -------- | ------------
At 31st March 2025 | 391,886 | 943,636 | 13,491 | 16,631 | 1,365,644
| --------- | ------------ | -------- | -------- | ------------
Carrying amount |  |  |  |  |
At 31st March 2025 | 445,584 | 618,730 | 6,183 | 77 | 1,070,574
| --------- | ------------ | -------- | -------- | ------------
At 31st March 2024 | 459,044 | 687,478 | 6,870 | 103 | 1,153,495
| --------- | ------------ | -------- | -------- | ------------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 161,383 | 137,383
Other debtors | 385,481 | 400,806
| --------- | ---------
| 546,864 | 538,189
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 134,148 | 208,760
Corporation tax | 59,802 | 44,661
Social security and other taxes | 28,418 | 21,847
Other creditors | 29,404 | 24,322
| --------- | ---------
| 251,772 | 299,590
| --------- | ---------

8. Directors' advances, credits and guarantees
None.
9. Related party transactions
At the year end the following balances existed with companies under common control: Metool Co Ltd Included within trade debtors £161,383 (2024: £137,383). Included within other debtors £54,227 (2024: £54,227). During the year the company made sales to Metool Co Ltd amounting to £442,911 (2024: £401,893).