IRIS Accounts Production v23.3.0.418 13242676 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132426762022-03-31132426762023-03-31132426762022-04-012023-03-31132426762021-03-02132426762021-03-032022-03-31132426762022-03-3113242676ns10:Originalns15:EnglandWales2022-04-012023-03-3113242676ns14:PoundSterlingns10:Original2022-04-012023-03-3113242676ns10:Originalns10:Director12022-04-012023-03-3113242676ns10:Original2022-04-012023-03-3113242676ns10:Originalns10:Director22022-04-012023-03-3113242676ns10:Original2023-03-3113242676ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3113242676ns10:Originalns10:SmallEntities2022-04-012023-03-3113242676ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3113242676ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3113242676ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3113242676ns10:Originalns10:FullAccounts2022-04-012023-03-3113242676ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3113242676ns10:Originalns10:RegisteredOffice2022-04-012023-03-3113242676ns10:Original2022-03-3113242676ns10:Originalns5:CurrentFinancialInstruments2023-03-3113242676ns10:Originalns5:CurrentFinancialInstruments2022-03-3113242676ns5:ShareCapitalns10:Original2023-03-3113242676ns5:ShareCapitalns10:Original2022-03-3113242676ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3113242676ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3113242676ns10:Original2021-03-032022-03-3113242676ns10:Originalns5:PlantMachinery2022-03-3113242676ns10:Originalns5:PlantMachinery2022-04-012023-03-3113242676ns10:Originalns5:PlantMachinery2023-03-3113242676ns10:Originalns5:PlantMachinery2022-03-3113242676ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113242676ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3113242676ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 13242676 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PORTABLE PARTIES LTD

PORTABLE PARTIES LTD (REGISTERED NUMBER: 13242676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTABLE PARTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S Morton
S Evans





REGISTERED OFFICE: Holly Farm Business Park
Unit E9
Kenilworth
CV8 1NP





REGISTERED NUMBER: 13242676 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

PORTABLE PARTIES LTD (REGISTERED NUMBER: 13242676)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,641 19,704

CURRENT ASSETS
Debtors 5 - 591
Cash at bank 728 634
728 1,225
CREDITORS
Amounts falling due within one year 6 69,579 24,563
NET CURRENT LIABILITIES (68,851 ) (23,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,790

(3,634

)

PROVISIONS FOR LIABILITIES 20,381 -
NET ASSETS/(LIABILITIES) 3,409 (3,634 )

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 3,405 (3,638 )
SHAREHOLDERS' FUNDS 3,409 (3,634 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

PORTABLE PARTIES LTD (REGISTERED NUMBER: 13242676)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:




S Evans - Director



S Morton - Director


PORTABLE PARTIES LTD (REGISTERED NUMBER: 13242676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Portable Parties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, and is recognised at the time of invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 3 years straight-line
Inflatables - 10 years straight-line

Taxation
Taxation for the year 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 year 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.

The deferred tax charge for the year has been calculated at a rate of 22%, being an estimated future effective tax rate of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

PORTABLE PARTIES LTD (REGISTERED NUMBER: 13242676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 22,426
Additions 85,983
At 31 March 2023 108,409
DEPRECIATION
At 1 April 2022 2,722
Charge for year 13,046
At 31 March 2023 15,768
NET BOOK VALUE
At 31 March 2023 92,641
At 31 March 2022 19,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,143 -
Other creditors 67,436 24,563
69,579 24,563

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary 1 4 4