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Company Registration No. 09359586 (England and Wales)
Portalsys Limited Unaudited accounts for the year ended 30 June 2023
Portalsys Limited Unaudited accounts Contents
Page
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Portalsys Limited Company Information for the year ended 30 June 2023
Director
R M Patel
Secretary
Director
Company Number
09359586 (England and Wales)
Registered Office
10 HARMER STREET GRAVESEND KENT DA12 2AX UNITED KINGDOM
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Portalsys Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,000 
6,000 
Tangible assets
300 
600 
3,300 
6,600 
Current assets
Debtors
96,541 
53,300 
Cash at bank and in hand
9,229 
10,562 
105,770 
63,862 
Creditors: amounts falling due within one year
(62,913)
(26,628)
Net current assets
42,857 
37,234 
Total assets less current liabilities
46,157 
43,834 
Creditors: amounts falling due after more than one year
(22,059)
(31,111)
Net assets
24,098 
12,723 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
24,097 
12,722 
Shareholders' funds
24,098 
12,723 
For the year ending 30 June 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 his 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 15 March 2024 and were signed on its behalf by
R M Patel Director Company Registration No. 09359586
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Portalsys Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Portalsys Limited is a private company, limited by shares, registered in England and Wales, registration number 09359586. The registered office is 10 HARMER STREET, GRAVESEND, KENT, DA12 2AX, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
Straight line over 5 years
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
15,000 
At 30 June 2023
15,000 
Amortisation
At 1 July 2022
9,000 
Charge for the year
3,000 
At 30 June 2023
12,000 
Net book value
At 30 June 2023
3,000 
At 30 June 2022
6,000 
Intangible are amortised over a 5 year period
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Portalsys Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
1,500 
At 30 June 2023
1,500 
Depreciation
At 1 July 2022
900 
Charge for the year
300 
At 30 June 2023
1,200 
Net book value
At 30 June 2023
300 
At 30 June 2022
600 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
96,500 
53,300 
Other debtors
41 
- 
96,541 
53,300 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,052 
10,000 
Trade creditors
37,800 
6,500 
Taxes and social security
4,878 
2,140 
Other creditors
11,183 
7,988 
62,913 
26,628 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,059 
31,111 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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