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REGISTERED NUMBER: 11908943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Portcon UK Limited

Portcon UK Limited (Registered number: 11908943)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Portcon UK Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs P S Amador
H W Percival





REGISTERED OFFICE: 4 HRFC Business Cenrtre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 11908943 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Portcon UK Limited (Registered number: 11908943)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,960 7,920
Investments 5 50 -
4,010 7,920

CURRENT ASSETS
Debtors 6 - 2,076

CREDITORS
Amounts falling due within one year 7 21,335 25,751
NET CURRENT LIABILITIES (21,335 ) (23,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,325

)

(15,755

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,425 ) (15,855 )
(17,325 ) (15,755 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 31 January 2024 and were signed on its behalf by:





Mrs P S Amador - Director


Portcon UK Limited (Registered number: 11908943)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Portcon UK 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise and licences are being amortised evenly over their estimated useful life of five years.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Portcon UK Limited (Registered number: 11908943)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 19,800
AMORTISATION
At 1 June 2022 11,880
Charge for year 3,960
At 31 May 2023 15,840
NET BOOK VALUE
At 31 May 2023 3,960
At 31 May 2022 7,920

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 50
At 31 May 2023 50
NET BOOK VALUE
At 31 May 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors - 2,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 1 -
AJJ Loan 18,744 21,094
Taxation and social security - 2,076
Other creditors 2,590 2,581
21,335 25,751