1 April 2024 false No description of principal activity Taxfiler 2024.6 09756900 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09756900 2024-03-31 09756900 2024-04-01 2025-03-31 09756900 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09756900 business:FilletedAccounts 2024-04-01 2025-03-31 09756900 2025-03-31 09756900 business:Director1 2024-04-01 2025-03-31 09756900 business:Director2 2024-04-01 2025-03-31 09756900 business:RegisteredOffice 2024-04-01 2025-03-31 09756900 2024-03-31 09756900 core:WithinOneYear 2025-03-31 09756900 core:WithinOneYear 2024-03-31 09756900 core:AfterOneYear 2025-03-31 09756900 core:AfterOneYear 2024-03-31 09756900 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 09756900 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 09756900 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 09756900 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 09756900 core:PreviouslyStatedAmount 2025-03-31 09756900 core:PreviouslyStatedAmount 2024-03-31 09756900 business:SmallEntities 2024-04-01 2025-03-31 09756900 countries:EnglandWales 2024-04-01 2025-03-31 09756900 core:PlantMachinery 2024-04-01 2025-03-31 09756900 core:PlantMachinery 2024-03-31 09756900 core:MotorVehicles 2024-03-31 09756900 core:MotorVehicles 2024-04-01 2025-03-31 09756900 core:PlantMachinery 2025-03-31 09756900 core:MotorVehicles 2025-03-31 09756900 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09756900 (England and Wales)
PATIENCE COMPANY LIMITED Unaudited accounts for the year ended 31 March 2025
PATIENCE COMPANY LIMITED Company Information for the year ended 31 March 2025
Directors
Lucy Njeri Knight Roy Gould
Company Number
09756900 (England and Wales)
Registered Office
17 Dragon Court Crofts End Road Bristol BS5 7XX United Kingdom
Accountants
Faire Services Limited Certified Accountants 50 Northover Road Bristol BS9 3LJ
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PATIENCE COMPANY LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
39,853
40,005
Investment property
5
283,488
283,488
323,341
323,493
Current assets
Debtors
6
142,661
-
Cash at bank and in hand
505,167
502,578
647,828
502,578
Creditors: amounts falling due within one year
7
(279,936)
(327,843)
Net current assets
367,892
174,735
Total assets less current liabilities
691,233
498,228
Creditors: amounts falling due after more than one year
8
(9,774)
(16,597)
Net assets
681,459
481,631
Capital and reserves
Called up share capital
100
100
Profit and loss account
681,359
481,531
Shareholders' funds
681,459
481,631
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by
Lucy Njeri Knight Director Company Registration No. 09756900
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PATIENCE COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
PATIENCE COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09756900. The registered office is 17 Dragon Court, Crofts End Road, Bristol, BS5 7XX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
39,468
20,245
59,713
Additions
3,522
5,995
9,517
At 31 March 2025
42,990
26,240
69,230
Depreciation
At 1 April 2024
15,515
4,193
19,708
Charge for the year
4,946
4,723
9,669
At 31 March 2025
20,461
8,916
29,377
Net book value
At 31 March 2025
22,529
17,324
39,853
At 31 March 2024
23,953
16,052
40,005
5
Investment property
2025
£
Fair value at 1 April 2024
283,488
At 31 March 2025
283,488
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PATIENCE COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
142,661
-
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
173,405
89,644
Loans from directors
103,531
236,699
Accruals
3,000
1,500
279,936
327,843
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
9,774
16,597
9
Average number of employees
During the year the average number of employees was 91 (2024: 47).
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