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PORO FAST SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

26TH MAY 2021 TO 31ST MAY 2022






PORO FAST SOLUTIONS LTD (REGISTERED NUMBER: 13420824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26TH MAY 2021 TO 31ST MAY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 5

PORO FAST SOLUTIONS LTD

COMPANY INFORMATION
FOR THE PERIOD 26TH MAY 2021 TO 31ST MAY 2022







DIRECTORS: D J Short
A M Pitches





REGISTERED OFFICE: Unit 11-13 Edison Road
Elms Farm Industrial Estate
Bedford
Bedfordshire
MK41 0HU





REGISTERED NUMBER: 13420824 (England and Wales)





ACCOUNTANTS: Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

PORO FAST SOLUTIONS LTD (REGISTERED NUMBER: 13420824)

BALANCE SHEET
31ST MAY 2022

Notes £    £   
FIXED ASSETS
Tangible assets 4 99,108

CURRENT ASSETS
Debtors 5 175,231
Cash at bank and in hand 366,052
541,283
CREDITORS
Amounts falling due within one year 6 486,332
NET CURRENT ASSETS 54,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,059

PROVISIONS FOR LIABILITIES 13,083
NET ASSETS 140,976

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 140,876
SHAREHOLDERS' FUNDS 140,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th September 2022 and were signed on its behalf by:



D J Short - Director


PORO FAST SOLUTIONS LTD (REGISTERED NUMBER: 13420824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26TH MAY 2021 TO 31ST MAY 2022

1. STATUTORY INFORMATION

Poro Fast Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

PORO FAST SOLUTIONS LTD (REGISTERED NUMBER: 13420824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26TH MAY 2021 TO 31ST MAY 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 2,000 100,395 102,395
At 31st May 2022 2,000 100,395 102,395
DEPRECIATION
Charge for period 17 3,270 3,287
At 31st May 2022 17 3,270 3,287
NET BOOK VALUE
At 31st May 2022 1,983 97,125 99,108

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 131,882
Other debtors 9,600
VAT 33,749
175,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 178,792
Corporation tax 17,076
Accrued expenses 290,464
486,332

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PORO FAST SOLUTIONS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Poro Fast Solutions Ltd for the period ended 31st May 2022 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Poro Fast Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Poro Fast Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Poro Fast Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Poro Fast Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Poro Fast Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Poro Fast Solutions Ltd. You consider that Poro Fast Solutions Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Poro Fast Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


14th September 2022