Company registration number 10269729 (England and Wales)
Blue Portal Voice & Data Ltd
Unaudited
financial statements
for the year ended 31 July 2023
PAGES FOR FILING WITH REGISTRAR
Blue Portal Voice & Data Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Blue Portal Voice & Data Ltd
Statement Of Financial Position
as at 31 July 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
47,382
57,561
Current assets
Stocks
18,000
10,000
Debtors
181,016
107,433
Cash at bank and in hand
440,993
252,472
640,009
369,905
Creditors: amounts falling due within one year
(323,530)
(219,927)
Net current assets
316,479
149,978
Total assets less current liabilities
363,861
207,539
Creditors: amounts falling due after more than one year
(19,179)
(18,428)
Provisions for liabilities
(9,476)
(12,142)
Net assets
335,206
176,969
Capital and reserves
Called up share capital
330
330
Profit and loss reserves
334,876
176,639
Total equity
335,206
176,969
Blue Portal Voice & Data Ltd
Statement Of Financial Position (continued)
as at 31 July 2023
31 July 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 2 November 2023 and are signed on its behalf by:
M J Perry
E J Portman
Director
Director
Company Registration No. 10269729
Blue Portal Voice & Data Ltd
Notes to the financial statements
for the year ended 31 July 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised on provision of goods and services to the customer.

Tangible fixed assets

Tangible fixed assets are measured at cost and net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% reducing balance
Motor vehicles
20% straight line
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Blue Portal Voice & Data Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2023
1
Accounting policies
(continued)
- 4 -
Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
7
5
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 August 2022
6,057
53,500
59,557
Additions
1,632
-
0
1,632
Disposals
(295)
-
0
(295)
At 31 July 2023
7,394
53,500
60,894
Depreciation and impairment
At 1 August 2022
1,350
646
1,996
Depreciation charged in the year
951
10,700
11,651
Eliminated in respect of disposals
(135)
-
0
(135)
At 31 July 2023
2,166
11,346
13,512
Carrying amount
At 31 July 2023
5,228
42,154
47,382
At 31 July 2022
4,707
52,854
57,561
4
Company information

Blue Portal Voice & Data Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Barnsley Business Village, Innovation Way, Wilthorpe, Barnsley, South Yorkshire, S75 1JL.

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