| Portadown Mortgage Shop Limited |
| Registered Number:NI611881 |
For the year ended 31 March 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 31 March 2023
Portadown Mortgage Shop Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Portadown Mortgage Shop Limited
Statement of Financial Position
2022
2023
| Property, plant and equipment |
152,591
154,527
2
152,591
154,527
| Trade and other receivables |
9,380
4,167
3
172,338
| Cash and cash equivalents |
134,859
139,026
181,718
| Trade and other payables: amounts falling due within one |
| year |
(129,037)
(78,093)
4
52,681
60,933
Net current assets
| Total assets less current liabilities |
213,524
207,208
| Trade and other payables: amounts falling due after more |
| than one year |
(35,891)
(25,496)
5
188,028
Net assets
171,317
13
13
188,015
171,304
188,028
171,317
Shareholders' funds
| For the year ended 31 March 2023 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 2023 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. |
| These financial statements were approved and authorised for issue by the Board on 04 October 2023 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2023
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. |
9 Market Street
Portadown
Armagh
BT62 3JY
| The presentation currency is £ sterling. |
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: |
Computer Equipment
Furniture and Fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
| 2. Property, plant and equipment |
180,146
18,140
17,160
144,846
144,846
17,160
18,140
180,146
| Provision for depreciation and impairment |
25,619
11,494
14,125
-
Charge for year
1,936
1,329
607
-
27,555
12,823
14,732
-
144,846
2,428
5,317
152,591
144,846
3,035
6,646
154,527
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For the year ended 31 March 2023
Portadown Mortgage Shop Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2022
2023
4,167
3,498
-
5,882
9,380
4,167
| 4. Trade and other payables: amounts falling due within one year |
2022
2023
10,644
10,644
| Taxation and social security |
13,662
14,788
53,787
103,605
78,093
129,037
| 5. Trade and other payables: amounts falling due after more than one year |
2022
2023
25,496
35,891
| 6. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 2)
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