| Patterson Irving Limited |
Registered number |
| Balance Sheet |
SC424944 |
| as at 31 March 2017 |
|
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
- |
|
|
6,000 |
| Tangible assets |
4 |
|
|
1,740 |
|
|
571 |
|
|
|
|
1,740 |
|
|
6,571 |
|
| Current assets |
| Debtors |
5 |
|
65,370 |
|
|
48,408 |
| Cash at bank and in hand |
|
|
2,352 |
|
|
4,001 |
|
|
|
67,722 |
|
|
52,409 |
|
| Creditors: amounts falling due within one year |
6 |
|
(57,057) |
|
|
(58,283) |
|
| Net current assets/(liabilities) |
|
|
|
10,665 |
|
|
(5,874) |
|
| Total assets less current liabilities |
|
|
|
12,405 |
|
|
697 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(11,180) |
|
|
- |
|
| Net assets |
|
|
|
1,225 |
|
|
697 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
1,224 |
|
|
696 |
|
| Shareholders' funds |
|
|
|
1,225 |
|
|
697 |
|
|
|
|
|
|
|
|
|
|
| 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 20 June 2018 |
|
| Patterson Irving Limited |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 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. |
|
|
Turnover |
|
Turnover represents fee income receivable, net of value added tax. |
|
|
Goodwill and amortisation |
|
Purchased goodwill has been capitalised and is being amortised over its estimated useful life at the rate of 20% p.a. on the straight line basis. |
|
|
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 |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of employees |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
| Goodwill |
| £ |
|
Cost |
|
At 1 April 2016 |
30,000 |
|
At 31 March 2017 |
30,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2016 |
24,000 |
|
Provided during the year |
6,000 |
|
At 31 March 2017 |
30,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
- |
|
At 31 March 2016 |
6,000 |
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
Equipment |
| £ |
|
Cost |
|
At 1 April 2016 |
1,354 |
|
Additions |
1,748 |
|
At 31 March 2017 |
3,102 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
783 |
|
Charge for the year |
579 |
|
At 31 March 2017 |
1,362 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
1,740 |
|
At 31 March 2016 |
571 |
|
|
|
| 5 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
- |
|
15,000 |
|
Other debtors |
65,370 |
|
33,408 |
|
|
|
|
|
|
65,370 |
|
48,408 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank overdraft |
9,769 |
|
6,774 |
|
Loan - Funding Circle |
12,551 |
|
- |
|
Trade creditors |
255 |
|
57 |
|
Corporation tax |
|
|
|
|
9,074 |
|
18,230 |
|
Other taxes and social security |
13,574 |
|
14,482 |
|
Other creditors |
11,834 |
|
18,740 |
|
|
|
|
|
|
57,057 |
|
58,283 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Loan - Funding Circle |
11,180 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Loan to director |
| B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
R Irving |
|
Advances made |
- |
|
31,542 |
|
- |
|
31,542 |
|
|
|
- |
|
31,542 |
|
- |
|
31,542 |
|
|
|
|
|
|
|
|
|
|
Interest is chargeable on the loan at the rate of 3% p.a. |
|
|
|
| 9 |
Controlling party |
|
|
At 31 March 2017 the company was controlled by the director, Mr R Irving, since he owned the company's entire issued share capital. |
|
|
|
| 10 |
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. |
