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Company Registration No. 12594134 (England and Wales)
Portuscale Ltd Unaudited accounts for the year ended 31 July 2023
Portuscale Ltd Unaudited accounts Contents
Page
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Portuscale Ltd Company Information for the year ended 31 July 2023
Director
Cristiana Calcada Pereira
Company Number
12594134 (England and Wales)
Registered Office
Unit No 2, Europa Trading Estate Fraser Road Erith DA8 1QL United Kingdom
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Portuscale Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
161 
324 
Current assets
Inventories
95,356 
85,000 
Debtors
23,582 
29,200 
Cash at bank and in hand
10,829 
3,650 
129,767 
117,850 
Creditors: amounts falling due within one year
(121,666)
(118,944)
Net current assets/(liabilities)
8,101 
(1,094)
Net assets/(liabilities)
8,262 
(770)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,162 
(870)
Shareholders' funds
8,262 
(770)
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 March 2024 and were signed on its behalf by
Cristiana Calcada Pereira Director Company Registration No. 12594134
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Portuscale Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Portuscale Ltd is a private company, limited by shares, registered in England and Wales, registration number 12594134. The registered office is Unit No 2, Europa Trading Estate, Fraser Road, Erith, DA8 1QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
650 
At 31 July 2023
650 
Depreciation
At 1 August 2022
326 
Charge for the year
163 
At 31 July 2023
489 
Net book value
At 31 July 2023
161 
At 31 July 2022
324 
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Portuscale Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,182 
26,800 
Amounts falling due after more than one year
Other debtors
2,400 
2,400 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,737 
2,544 
Trade creditors
83,906 
87,238 
Taxes and social security
3,248 
247 
Loans from directors
26,492 
17,595 
Accruals
2,283 
11,320 
121,666 
118,944 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
The Director's controls the company as a result of controlling directly 100% of the issued share capital.
9
Average number of employees
During the year the average number of employees was 4 (2022: 2).
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