Registration number: 04798484

Patricia Eve Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Patricia Eve Ltd

(Registration number: 04798484)
Balance Sheet as at 31 July 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		62,500		41,788
Current assets
Stocks		192,208		217,790
Debtors	5	241,184		352,844
Cash at bank and in hand		279,763		367,325
		713,155		937,959
Creditors: Amounts falling due within one year	6	(322,844)		(608,362)
Net current assets			390,311		329,597
Total assets less current liabilities			452,811		371,385
Provisions for liabilities			(7,357)		(3,763)
Net assets			445,454		367,622
Capital and reserves
Called up share capital		100		100
Profit and loss account		445,354		367,522
Total equity			445,454		367,622

For the financial year ending 31 July 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

......................................... Mr C Eve Director

Patricia Eve Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 July 2025

1	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.

The presentation currency is £ sterling.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Patricia Eve Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 July 2025

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
Plant and machinery	25% on the reducing balance
Fixtures, fittings and equipment	25% on the reducing balance

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	Estimated useful life of twenty years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment.

Share capital

Ordinary shares are classified as equity.

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.

Patricia Eve Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 July 2025

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 August 2024	100,000	100,000
At 31 July 2025	100,000	100,000
Amortisation
At 1 August 2024	100,000	100,000
At 31 July 2025	100,000	100,000
Carrying amount
At 31 July 2025	-	-

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	36,247	30,793	67,040
Additions	28,719	13,173	41,892
At 31 July 2025	64,966	43,966	108,932
Depreciation
At 1 August 2024	17,558	7,694	25,252
Charge for the year	11,795	9,385	21,180
At 31 July 2025	29,353	17,079	46,432
Carrying amount
At 31 July 2025	35,613	26,887	62,500
At 31 July 2024	18,689	23,099	41,788

Patricia Eve Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 July 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	236,678	348,195
Prepayments	4,506	4,649
	241,184	352,844

6

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	147,774	193,279
Taxation and social security	42,417	139,633
Other creditors	132,653	275,450
	322,844	608,362