Patoro Limited - Abbreviated accounts 16.1

Patoro Limited - Abbreviated accounts 16.1

PATORO LIMITED - Company Information

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REGISTERED NUMBER: 08223638 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

PATORO LIMITED

PATORO LIMITED (REGISTERED NUMBER: 08223638)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 6

PATORO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: Mr P A Boddy
Mrs S E Boddy





REGISTERED OFFICE: Edward House
Grange Business Park
Whetstone
Leicester
LE8 6EP





REGISTERED NUMBER: 08223638 (England and Wales)





ACCOUNTANTS: Cunnington & Co Limited
Edward House
Grange Business Park
Whetstone
Leicester
LE8 6EP
1
PATORO LIMITED (REGISTERED NUMBER: 08223638)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 63,000 70,000
Tangible assets 3 1,320 603
64,320 70,603

CURRENT ASSETS
Debtors 82,592 32,299
Cash at bank 9,436 26,432
92,028 58,731
CREDITORS
Amounts falling due within one year 46,084 44,368
NET CURRENT ASSETS 45,944 14,363
TOTAL ASSETS LESS CURRENT
LIABILITIES
110,264
84,966

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 110,262 84,964
SHAREHOLDERS' FUNDS 110,264 84,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 notes form part of these abbreviated accounts

2
PATORO LIMITED (REGISTERED NUMBER: 08223638)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 29 June 2016 and were signed on its behalf by:





Mr P A Boddy - Director


The notes form part of these abbreviated accounts

3
PATORO LIMITED (REGISTERED NUMBER: 08223638)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

No amortisation was charged in the year of acquisition.

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 etc - 33% on cost

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 70,000
AMORTISATION
Amortisation for year 7,000
At 30 September 2015 7,000
NET BOOK VALUE

At 30 September 2015 63,000
At 30 September 2014 70,000

4
PATORO LIMITED (REGISTERED NUMBER: 08223638)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 1,219
Additions 1,634
At 30 September 2015 2,853
DEPRECIATION
At 1 October 2014 616
Charge for year 917
At 30 September 2015 1,533
NET BOOK VALUE
At 30 September 2015 1,320
At 30 September 2014 603

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan from the directors, Mr & Mrs Boddy, amounting to £570 (2014 £1,249).

This loan is interest free and repayable on demand.

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P Boddy and Mrs S Boddy, the directors, by virtue of their shareholding.

5
PATORO LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PATORO LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2015 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cunnington & Co Limited
Edward House
Grange Business Park
Whetstone
Leicester
LE8 6EP


29 June 2016

This page does not form part of the abbreviated accounts

6