Company Registration No. 12594134 (England and Wales)
Portuscale Ltd
Unaudited accounts
for the year ended 31 July 2023
Portuscale Ltd
Unaudited accounts
Contents
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
Portuscale Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
10,829
3,650
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)
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
Portuscale Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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Tangible fixed assets
Plant & machinery
Portuscale Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
21,182
26,800
Amounts falling due after more than one year
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
83,906
87,238
Taxes and social security
3,248
247
Loans from directors
26,492
17,595
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).