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REGISTERED NUMBER: 09983164 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2023

FOR

PORTAVIUS LIMITED

PORTAVIUS LIMITED (REGISTERED NUMBER: 09983164)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTAVIUS LIMITED

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTOR: R Philpott





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 09983164 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

PORTAVIUS LIMITED (REGISTERED NUMBER: 09983164)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,171 781

CURRENT ASSETS
Debtors 5 487,588 10,277
Cash at bank 132,126 477,599
619,714 487,876
CREDITORS
Amounts falling due within one year 6 45,873 18,889
NET CURRENT ASSETS 573,841 468,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,012

469,768

CREDITORS
Amounts falling due after more than one
year

7

(10,864

)

-

PROVISIONS FOR LIABILITIES (4,022 ) (148 )
NET ASSETS 580,126 469,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 580,026 469,520
SHAREHOLDERS' FUNDS 580,126 469,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PORTAVIUS LIMITED (REGISTERED NUMBER: 09983164)

BALANCE SHEET - continued
28 February 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 director and authorised for issue on 22 November 2023 and were signed by:





R Philpott - Director


PORTAVIUS LIMITED (REGISTERED NUMBER: 09983164)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Portavius Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% straight line basis

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PORTAVIUS LIMITED (REGISTERED NUMBER: 09983164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 2,999
Additions 21,977
At 28 February 2023 24,976
DEPRECIATION
At 1 March 2022 2,218
Charge for year 1,587
At 28 February 2023 3,805
NET BOOK VALUE
At 28 February 2023 21,171
At 28 February 2022 781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 487,588 10,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,004 -
Taxation and social security 37,735 18,245
Other creditors 134 644
45,873 18,889

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 10,864 -

PORTAVIUS LIMITED (REGISTERED NUMBER: 09983164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year - 7,461
Amounts repaid - (52,878 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,698
** BALANCE OUTSTANDING AT START OF YEAR FOR CURRENT YEAR AS SHOWN ABOVE -
DOES NOT AGREE TO BALANCE OUTSTANDING AT END OF YEAR FOR LAST YEAR 4,698

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - OTHER DISCLOSURES - TRANSACTIONS WITH DIRECTORS - DIRECTORS' ADVANCES AND CREDITS - FOR BOTH CURRENT AND LAST YEARS

9. RELATED PARTY DISCLOSURES

During the year the director was advanced £663,195 and repaid £155,540

10. LOANS WITH PARTICIPATORS

'During the year, the director was advanced £666,300 and they repaid £184,190.