REGISTERED NUMBER: 04557028 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Patrick Stephenson Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mr P J Stephenson

Mrs N C Stephenson

Registered office:

Beech Lodge

66 Middleton Road

Pickering

North Yorkshire

YO18 8NH

Registered number:

04557028 (England and Wales)

Accountants:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,110

11,886

10,110

11,886

CURRENT ASSETS

Debtors

6

20,802

27,440

Cash at bank

19,350

8,556

40,152

35,996

CREDITORS

Amounts falling due within one year

7

34,077

24,506

NET CURRENT ASSETS

6,075

11,490

TOTAL ASSETS LESS CURRENT LIABILITIES

16,185

23,376

CREDITORS

Amounts falling due after more than one year

8

-

20,000

NET ASSETS

16,185

3,376

CAPITAL AND RESERVES

Called up share capital

9

101

101

Retained earnings

16,084

3,275

SHAREHOLDERS' FUNDS

16,185

3,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

Mrs N C Stephenson - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

1,020

AMORTISATION

At 1 November 2024

and 31 October 2025

1,020

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

5,482

16,051

10,000

16,357

47,890

Additions

-

1,207

-

-

1,207

At 31 October 2025

5,482

17,258

10,000

16,357

49,097

DEPRECIATION

At 1 November 2024

5,482

11,305

5,781

13,436

36,004

Charge for year

-

1,489

1,055

439

2,983

At 31 October 2025

5,482

12,794

6,836

13,875

38,987

NET BOOK VALUE

At 31 October 2025

-

4,464

3,164

2,482

10,110

At 31 October 2024

-

4,746

4,219

2,921

11,886

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,437

23,717

Other debtors

190

299

Prepayments and accrued income

175

3,424

20,802

27,440

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,460

2,737

Corporation tax

18,754

9,646

VAT

11,242

7,914

Directors' current accounts

121

2,709

Accruals and deferred income

1,500

1,500

34,077

24,506

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors' loan accounts

-

20,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A

£1

100

100

1

Ordinary B

£1

1

1

101

101