| Patterson Irving Limited |
Registered number |
| Balance Sheet |
SC424944 |
| as at 31 March 2022 |
|
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
2,155 |
|
|
2,873 |
|
| Current assets |
| Debtors |
5 |
|
15,628 |
|
|
6,982 |
| Cash at bank and in hand |
|
|
1,695 |
|
|
19,035 |
|
|
|
17,323 |
|
|
26,017 |
|
| Creditors: amounts falling due within one year |
6 |
|
(33,844) |
|
|
(34,716) |
|
| Net current liabilities |
|
|
|
(16,521) |
|
|
(8,699) |
|
| Total assets less current liabilities |
|
|
|
(14,366) |
|
|
(5,826) |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(26,655) |
|
|
(30,582) |
|
| Net liabilities |
|
|
|
(41,021) |
|
|
(36,408) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(41,022) |
|
|
(36,409) |
|
| Shareholders' funds |
|
|
|
(41,021) |
|
|
(36,408) |
|
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| R Irving |
| Director |
| Approved by the board on 29 March 2023 |
|
| Patterson Irving Limited |
| Notes to the Accounts |
| for the year ended 31 March 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard. |
|
|
Going concern basis |
|
The accounts have been prepared on the going concern basis. The director believes this basis to be appropriate since, although the company had net liabilities at the balance sheet date, it is assumed that the company's director and creditors will continue to provide such financial support to the company as is necessary for it to continue operating. |
|
|
Turnover |
|
Turnover represents fee income receivable, net of value added tax. |
|
|
Grants receivable |
|
Government grants are recognised as income in the period to which the entitlement relates. |
|
|
Goodwill and amortisation |
|
Purchased goodwill is capitalised and amortised over its estimated useful life. The company's goodwill has now been fully amortised. |
|
|
Tangible fixed assets and depreciation |
|
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation has been provided at the following rate to write off the assets over their estimated useful lives: |
|
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of employees |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
| Goodwill |
| £ |
|
Cost |
|
At 1 April 2021 |
30,000 |
|
At 31 March 2022 |
30,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2021 |
30,000 |
|
At 31 March 2022 |
30,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2022 and 31 March 2021 |
- |
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
Equipment |
| £ |
|
Cost |
|
At 1 April 2021 |
6,764 |
|
At 31 March 2022 |
6,764 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2021 |
3,891 |
|
Charge for the year |
718 |
|
At 31 March 2022 |
4,609 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2022 |
2,155 |
|
At 31 March 2021 |
2,873 |
|
|
|
| 5 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
10,000 |
|
- |
|
Other debtors |
5,628 |
|
6,982 |
|
|
|
|
|
|
15,628 |
|
6,982 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loan |
6,699 |
|
4,418 |
|
Corporation tax |
|
|
|
|
12,763 |
|
16,591 |
|
Other taxes |
8,150 |
|
10,203 |
|
Other creditors |
6,232 |
|
3,504 |
|
|
|
|
|
|
33,844 |
|
34,716 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loan |
26,655 |
|
30,582 |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2022 |
|
2021 |
| £ |
£ |
|
The bank loan includes: |
|
Instalments falling due after more than five years |
- |
|
2,472 |
|
|
|
|
|
|
|
|
|
|
|
| 9 |
Dividends |
|
|
Dividends paid have exceeded the company's distributable reserves at the balance sheet date and to that extent are potentially repayable to the company. |
|
|
|
| 10 |
Controlling party |
|
|
At 31 March 2022 the company was controlled by the director, Mr R Irving, since he owned the company's entire issued share capital. |
|
|
|
| 11 |
Other information |
|
|
Patterson Irving Limited is a private company limited by shares and incorporated in Scotland. Its registered office is Summit House, 4-5 Mitchell Street, Edinburgh EH6 7BD. |
