Company Registration No. 12698767 (England and Wales)
Portland Grey Limited
Unaudited accounts
for the year ended 31 October 2023
Portland Grey Limited
Unaudited accounts
Contents
Portland Grey Limited
Company Information
for the year ended 31 October 2023
Directors
Jayne Taylor
Peter Townsend
Company Number
12698767 (England and Wales)
Registered Office
4 Portland Close
Mickleover
Derby
Derbyshire
DE3 9BQ
Accountants
DWP Financial Solutions
61a Springfield Rd
Repton
Derby
Derbyshire
DE65 6GP
Portland Grey Limited
Statement of financial position
as at 31 October 2023
Tangible assets
3,756
4,419
Cash at bank and in hand
59,974
47,114
Creditors: amounts falling due within one year
(35,185)
(32,060)
Net current assets
57,079
37,562
Called up share capital
1
1
Profit and loss account
60,834
41,980
Shareholders' funds
60,835
41,981
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
Peter Townsend
Director
Company Registration No. 12698767
Portland Grey Limited
Notes to the Accounts
for the year ended 31 October 2023
Portland Grey Limited is a private company, limited by shares, registered in England and Wales, registration number 12698767. The registered office is 4 Portland Close, Mickleover, Derby, Derbyshire, DE3 9BQ.
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:
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
25,415
22,508
Accrued income and prepayments
6,875
-
Portland Grey Limited
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,240
4,972
Taxes and social security
20,343
20,822
Loans from directors
2,852
516
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).