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REGISTERED NUMBER: 03419968 (England and Wales)










Financial Statements

for the Year Ended 31 January 2024

for

Portology Limited

Portology Limited (Registered number: 03419968)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Portology Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr J C Leigh





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2JR





REGISTERED NUMBER: 03419968 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Portology Limited (Registered number: 03419968)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,492 2,209

CURRENT ASSETS
Debtors 5 69 3,606
Cash at bank and in hand 8,557 5,760
8,626 9,366
CREDITORS
Amounts falling due within one year 6 (9,347 ) (10,963 )
NET CURRENT LIABILITIES (721 ) (1,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

771

612

PROVISIONS FOR LIABILITIES 7 (283 ) (420 )
NET ASSETS 488 192

CAPITAL AND RESERVES
Called up share capital 8 80 80
Retained earnings 9 408 112
SHAREHOLDERS' FUNDS 488 192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 12 April 2024 and were signed by:




Mr J C Leigh - Director


Portology Limited (Registered number: 03419968)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Portology 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.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 9,144 3,913 13,057
Additions 102 - 102
At 31 January 2024 9,246 3,913 13,159
DEPRECIATION
At 1 February 2023 8,999 1,849 10,848
Charge for year 36 783 819
At 31 January 2024 9,035 2,632 11,667
NET BOOK VALUE
At 31 January 2024 211 1,281 1,492
At 31 January 2023 145 2,064 2,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 168
Other debtors - 3,438
Prepayments 69 -
69 3,606

Portology Limited (Registered number: 03419968)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,155 4,242
Corporation tax 551 -
Social security and other tax 3,760 3,793
Other creditors - 523
Director's current account 1,610 1,261
Accrued expenses 1,271 1,144
9,347 10,963

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 283 420

Deferred
tax
£   
Balance at 1 February 2023 420
Provided during year (137 )
Balance at 31 January 2024 283

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80,000 Ordinary .001 80 80

9. RESERVES
Retained
earnings
£   

At 1 February 2023 112
Profit for the year 3,734
Dividends (3,438 )
At 31 January 2024 408

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Company owed the director £1,610 at 31st January 2024 (2023 - £1,261).

11. RELATED PARTY DISCLOSURES

Dividends totalling £3,438 were declared to TGJL Limited throughout the year ended 31st January 2024 (2023 - £1600), a Company in which Mr J C Leigh is the director and sole shareholder.