PATTERN_ASSOCIATES_LTD - Accounts

PATTERN ASSOCIATES LIMITED - Company Information

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Company Registration No. 04969744 (England and Wales)

PATTERN ASSOCIATES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

PATTERN ASSOCIATES LTD

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

PATTERN ASSOCIATES LTD

CERTIFIED PRACTISING ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PATTERN ASSOCIATES LTD FOR THE YEAR ENDED 30 NOVEMBER 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

You consider that the company is exempt from an audit for the year ended 30 November 2016. You have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006, and for preparing accounts which give a true and fair view of the state of affairs of the company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared these accounts on pages 3 to 9 from the accounting records of the company and on the basis of information and explanations you have given us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Shorthouse & Martin Limited

24 August 2017

Certified Practising Accountants

62-64 New Road

Basingstoke

Hampshire

RG21 7PW

PATTERN ASSOCIATES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 2 -

2016

2015

Notes

Fixed assets

Intangible assets

22,137

24,904

Tangible assets

5,812

6,710

27,949

31,614

Current assets

Debtors

64,125

56,953

Cash at bank and in hand

3,188

9,594

67,313

66,547

Creditors: amounts falling due within one year

(87,538)

(97,543)

Net current liabilities

(20,225)

(30,996)

Total assets less current liabilities

7,724

618

Capital and reserves

Called up share capital

100

Profit and loss account

7,624

518

Shareholders' funds

7,724

618

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 August 2017

Mr M J Pattern

Director

Company Registration No. 04969744

PATTERN ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% on cost

Fixtures, fittings & equipment

25% on cost

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2015

41,506

11,567

53,073

Additions

989

At 30 November 2016

41,506

12,556

54,062

Depreciation

At 1 December 2015

16,602

4,857

21,459

Charge for the year

2,767

1,887

4,654

At 30 November 2016

19,369

6,744

26,113

Net book value

At 30 November 2016

22,137

5,812

27,949

At 30 November 2015

24,904

6,710

31,614

PATTERN ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

98 Ordinary A of £1 each

2 Ordinary B of £1 each

100

Related party relationships and transactions

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2016 and 30 November 2015.

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr M J Pattern -

31,393

1,653

29,740

31,393

1,653

29,740