PORTMAN EVENT BARS LIMITED

Company Registration Number:
13996788 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 23 March 2022

End date: 31 March 2023

PORTMAN EVENT BARS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

PORTMAN EVENT BARS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets: 3 22,800
Tangible assets: 4 17,635
Investments:   0
Total fixed assets: 40,435
Current assets
Stocks: 1,900
Debtors:   2,655
Cash at bank and in hand: 2,905
Investments:   0
Total current assets: 7,460
Creditors: amounts falling due within one year:   (19,844)
Net current assets (liabilities): (12,384)
Total assets less current liabilities: 28,051
Creditors: amounts falling due after more than one year:   (11,042)
Provision for liabilities: (779)
Total net assets (liabilities): 16,230
Capital and reserves
Called up share capital: 200
Share premium account: 0
Revaluation reserve: 0
Other reserves: 0
Profit and loss account: 16,030
Shareholders funds: 16,230

The notes form part of these financial statements

PORTMAN EVENT BARS LIMITED

Balance sheet statements

For the year ending 31 March 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 07 October 2023
and signed on behalf of the board by:

Name: Robert James Perry
Status: Director

The notes form part of these financial statements

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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 consists of the total takings for the events attended during the accounting period, net of VAT.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less the estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to the receivable amount. Any such write down is charged to operating profit.Plant & machinery - 25% reducing balance basis

Intangible fixed assets and amortisation policy

Intangible assets, including goodwill, are amortised at rates calculated to write off their value, on a straight line basis, over their estimated economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value may not be fully recoverable

Valuation and information policy

Stock is valued at the lower of cost and net realizable value, after making allowance for obsolete and slow moving items.

Other accounting policies

Deferred Taxation:Deferred tax arises as a result of including items of income and expenditure in taxation computations, in periods different from those in which they feature in the accounts. Deferred tax is provided on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates expected to apply when the timing differences reverse, based upon current tax rates and laws.Going Concern Basis:The accounts have been prepared upon the assumption that the company is able to carry on business as a going concern and the importance of the continued support of the director is noted in this regard.

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023
Average number of employees during the period 0

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
Additions 24,000
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2023 24,000
Amortisation
Charge for year 1,200
On disposals 0
Other adjustments 0
At 31 March 2023 1,200
Net book value
At 31 March 2023 22,800

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
Additions 23,513
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2023 23,513
Depreciation
Charge for year 5,878
On disposals 0
Other adjustments 0
At 31 March 2023 5,878
Net book value
At 31 March 2023 17,635