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REGISTERED NUMBER: 01463294 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Porta Tool Fixings (Basildon) Limited

Porta Tool Fixings (Basildon) Limited (Registered number: 01463294)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Porta Tool Fixings (Basildon) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D Little
L Little
GB Jones
D Little





SECRETARY: L Little





REGISTERED OFFICE: Units 6-8, Brunel Road
Eastwood Industrial Estate
Leigh on Sea
Essex
SS9 5JC





REGISTERED NUMBER: 01463294 (England and Wales)





ACCOUNTANTS: Campling & Co

Porta Tool Fixings (Basildon) Limited (Registered number: 01463294)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,436 70,709

CURRENT ASSETS
Stocks 327,935 308,480
Debtors 5 240,064 267,899
Cash at bank and in hand 337,956 368,767
905,955 945,146
CREDITORS
Amounts falling due within one year 6 270,151 314,050
NET CURRENT ASSETS 635,804 631,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,240

701,805


PROVISIONS FOR LIABILITIES 11,393 13,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 684,747 688,380
SHAREHOLDERS' FUNDS 684,847 688,480
696,240 701,805

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

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

Porta Tool Fixings (Basildon) Limited (Registered number: 01463294)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





D Little - Director


Porta Tool Fixings (Basildon) Limited (Registered number: 01463294)

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

1. STATUTORY INFORMATION

Porta Tool Fixings (Basildon) 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Porta Tool Fixings (Basildon) Limited (Registered number: 01463294)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 230,143
Additions 10,056
At 31 July 2023 240,199
DEPRECIATION
At 1 August 2022 159,434
Charge for year 20,329
At 31 July 2023 179,763
NET BOOK VALUE
At 31 July 2023 60,436
At 31 July 2022 70,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 232,315 260,619
Other debtors 7,749 7,280
240,064 267,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 96,482 92,334
Taxation and social security 23,498 20,532
Other creditors 150,171 201,184
270,151 314,050

Porta Tool Fixings (Basildon) Limited (Registered number: 01463294)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
GB Jones
Balance outstanding at start of year - -
Amounts advanced 4,718 -
Amounts repaid (4,718 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D Little
Balance outstanding at start of year - -
Amounts advanced 4,718 -
Amounts repaid (4,718 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. RELATED PARTY DISCLOSURES

During the year, the company paid rent of £20,000 (2022 - £20,000) to D. Little & L. Little who jointly own the premises used by the Company. This payment was credited to their respective Director's Loan Accounts.