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Portadown Mortgage Shop Limited
Registered Number:NI611881
For the year ended 31 March 2018
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2018
Portadown Mortgage Shop Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2018
Portadown Mortgage Shop Limited
Statement of Financial Position
Registered Number :
NI611881
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
53,460
55,293
2
53,460
55,293
Current assets
Trade and other receivables
17,353
13,894
3
83,671
Cash and cash equivalents
115,101
128,995
101,024
Trade and other payables: amounts falling due within one
year
(108,841)
(117,937)
4
(7,817)
11,058
Net current assets
Total assets less current liabilities
64,518
47,476
64,518
Net assets
47,476
Capital and reserves
Called up share capital
3
2
Retained earnings
64,515
47,474
64,518
47,476
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Philip Kerr Director
These financial statements were approved and authorised for issue by the Board on 01 November 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2018
Portadown Mortgage Shop Limited
Notes to the Financial Statements
Statutory Information
Portadown Mortgage Shop Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI611881.
Registered address:
9 Market Street
Portadown
Armagh
BT62 3JY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Reducing balance
Computer Equipment
20 Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 April 2017
67,266
9,108
16,134
42,024
1,026
-
1,026
-
Additions
At 31 March 2018
42,024
17,160
9,108
68,292
Provision for depreciation and impairment
At 01 April 2017
11,973
4,077
7,896
-
Charge for year
2,859
1,006
1,853
-
At 31 March 2018
14,832
5,083
9,749
-
At 31 March 2018
Net book value
42,024
7,411
4,025
53,460
At 31 March 2017
42,024
8,238
5,031
55,293
3. Trade and other receivables
2017
2018
£
£
Trade debtors
13,894
17,353
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5
For the year ended 31 March 2018
Portadown Mortgage Shop Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
12,637
14,427
Other creditors
105,300
94,414
117,937
108,841
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