Alan Patient & Co Limited


Directors	Alan Stephen Patient
	Larissa Patient


Registered Address	42 High Street, Wanstead
	London
	E11 2RJ


Registered Number	08476991 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		140,000		157,500
Tangible assets	4		101,356		111,328
			241,356		268,828
Current assets
Debtors	5,6	1,120,062		999,608
Cash at bank and on hand		62,824		42,108
		1,182,886		1,041,716
Creditors amounts falling due within one year	7	(410,129)		(362,479)
Net current assets (liabilities)			772,757		679,237
Total assets less current liabilities			1,014,113		948,065
Creditors amounts falling due after one year	8		(456,832)		(488,480)
Provisions for liabilities	9		(28,839)		(31,657)
Net assets			528,442		427,928
Capital and reserves
Called up share capital			115		115
Profit and loss account			528,327		427,813
Shareholders' funds			528,442		427,928

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 December 2025, and are signed on its behalf by:

Alan Stephen Patient
Director
Registered Company No. 08476991

Alan Patient & Co Limited

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	5
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		6

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 June 24	350,000	350,000
At 31 May 25	350,000	350,000
Amortisation and impairment
At 01 June 24	192,500	192,500
Charge for year	17,500	17,500
At 31 May 25	210,000	210,000
Net book value
At 31 May 25	140,000	140,000
At 31 May 24	157,500	157,500

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 June 24	153,660	17,814	171,474
Additions	16,425	9,116	25,541
At 31 May 25	170,085	26,930	197,015
Depreciation and impairment
At 01 June 24	42,787	17,359	60,146
Charge for year	32,200	3,313	35,513
At 31 May 25	74,987	20,672	95,659
Net book value
At 31 May 25	95,098	6,258	101,356
At 31 May 24	110,873	455	111,328

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	116,428	148,092
Other debtors	84,139	22,416
Prepayments and accrued income	1,995	4,100
Total	202,562	174,608


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	917,500	825,000
Total	917,500	825,000

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	24,306	43,806
Bank borrowings and overdrafts	111,517	109,232
Amounts owed to related parties	7,686	1,925
Taxation and social security	110,345	70,606
Other creditors	2,476	4,886
Accrued liabilities and deferred income	153,799	132,024
Total	410,129	362,479


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	179,332	248,480
Amounts owed to related parties	277,500	240,000
Total	456,832	488,480

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	25,339	27,832
Other provisions	3,500	3,825
Total	28,839	31,657