PORTERS BUSINESS SERVICES LIMITED

Company Registration Number:
01484872 (England and Wales)

Unaudited abridged accounts for the year ended 05 January 2023

Period of accounts

Start date: 06 January 2022

End date: 05 January 2023

PORTERS BUSINESS SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 05 January 2023

Balance sheet
Notes

PORTERS BUSINESS SERVICES LIMITED

Balance sheet

As at 05 January 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 116,768 119,437
Investments: 4 96,322 158,657
Total fixed assets: 213,090 278,094
Current assets
Stocks: 15,837 17,220
Debtors:   31,806 24,272
Cash at bank and in hand: 128,487 127,740
Total current assets: 176,130 169,232
Creditors: amounts falling due within one year:   (177,397) (157,175)
Net current assets (liabilities): (1,267) 12,057
Total assets less current liabilities: 211,823 290,151
Total net assets (liabilities): 211,823 290,151
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 210,823 289,151
Shareholders funds: 211,823 290,151

The notes form part of these financial statements

PORTERS BUSINESS SERVICES LIMITED

Balance sheet statements

For the year ending 5 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 October 2023
and signed on behalf of the board by:

Name: D Eckett
Status: Director

The notes form part of these financial statements

PORTERS BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 05 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced fees issued excluding Value Added Tax (VAT).

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation.Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life.Freehold Land & Buildings - 2% Reducing BalanceFixtures & Equipment - 15% Reducing BalanceComputer Equipment - 15% Reducing BalanceNo depreciation is charged in the year of acquisition.

Valuation and information policy

Work in Progress is valued at the prime cost of labour and materials plus other direct expenses.Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

Investments quoted on the London Stock Exchange are stated at mid-market value at the balance sheet date and unquoted investments are stated at cost.Investment income comprises dividends and interest received on investments quoted on the London Stock Exchange, realised and unrealised investment gains and losses less investment expenses.Realised investment gains and losses are calculated as the difference between net proceeds on disposal and their purchase price.

PORTERS BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 05 January 2023

2. Employees

2023 2022
Average number of employees during the period 4 4

PORTERS BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 05 January 2023

3. Tangible Assets

Total
Cost £
At 06 January 2022 178,604
Additions 98
At 05 January 2023 178,702
Depreciation
At 06 January 2022 59,167
Charge for year 2,767
At 05 January 2023 61,934
Net book value
At 05 January 2023 116,768
At 05 January 2022 119,437

PORTERS BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 05 January 2023

4. Fixed investments

Investments are held to generate long term income and growth.