| Patterson Irving Limited |
Registered number |
| Abbreviated Balance Sheet |
SC424944 |
| as at 31 March 2016 |
|
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
|
| Fixed assets |
| Intangible assets |
2 |
|
|
6,000 |
|
|
12,000 |
| Tangible assets |
3 |
|
|
571 |
|
|
761 |
|
|
|
|
6,571 |
|
|
12,761 |
|
| Current assets |
| Debtors |
|
|
48,408 |
|
|
53,834 |
| Cash at bank and in hand |
|
|
4,001 |
|
|
- |
|
|
|
52,409 |
|
|
53,834 |
|
| Creditors: amounts falling due within one year |
|
|
(58,283) |
|
|
(66,263) |
|
| Net current liabilities |
|
|
|
(5,874) |
|
|
(12,429) |
|
| Net assets |
|
|
|
697 |
|
|
332 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
696 |
|
|
331 |
|
| Shareholders' funds |
|
|
|
697 |
|
|
332 |
|
|
|
|
|
|
|
|
|
|
| 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| R Irving |
| Director |
| Approved by the board on 8 December 2016 |
|
| Patterson Irving Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 fee income receivable, net of value added tax. |
|
|
Goodwill and amortisation |
|
Purchased goodwill is capitalised and is being amortised over its estimated useful life as follows: |
|
Goodwill - |
20% p.a. on the straight line basis |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: |
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
|
| 2 |
Intangible fixed assets |
| £ |
|
Cost |
|
At 1 April 2015 |
30,000 |
|
At 31 March 2016 |
30,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
18,000 |
|
Provided during the year |
6,000 |
|
At 31 March 2016 |
24,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
6,000 |
|
At 31 March 2015 |
12,000 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
| £ |
|
Cost |
|
At 1 April 2015 |
1,354 |
|
At 31 March 2016 |
1,354 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
593 |
|
Charge for the year |
190 |
|
At 31 March 2016 |
783 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
571 |
|
At 31 March 2015 |
761 |
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
