PATTOTEK_LIMITED - Accounts

PATTOTEK LTD - Company Information

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Company Registration No. 04717245 (England and Wales)

PATTOTEK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

PATTOTEK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PATTOTEK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

68,575

40,075

Tangible assets

344

430

Investments

125

69,044

40,630

Current assets

Debtors

14,742

14,747

Cash at bank and in hand

503

2,473

15,245

17,220

Creditors: amounts falling due within one year

(121,831)

(88,757)

Net current liabilities

(106,586)

(71,537)

Total assets less current liabilities

(37,542)

(30,907)

Capital and reserves

Called up share capital

Profit and loss account

(37,543)

(30,908)

Shareholders' funds

(37,542)

(30,907)

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 23 December 2014

P D Wild

Director

Company Registration No. 04717245

PATTOTEK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

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 April 2008).

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:

Fixtures, fittings & equipment

20% reducing balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 April 2013

55,075

3,020

125

58,220

Additions

30,000

At 31 March 2014

85,075

3,020

125

88,220

Depreciation

At 1 April 2013

15,000

2,590

17,590

Charge for the year

1,500

1,586

At 31 March 2014

16,500

2,676

19,176

Net book value

At 31 March 2014

68,575

344

125

69,044

At 31 March 2013

40,075

430

125

40,630

PATTOTEK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1 ordinary shares of £1 each