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Company Registration No. 08841752 (England and Wales)
Portway Building Services Limited Unaudited accounts for the year ended 31 July 2023
Portway Building Services Limited Unaudited accounts Contents
Page
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Portway Building Services Limited Company Information for the year ended 31 July 2023
Director
Tony J Pallant
Company Number
08841752 (England and Wales)
Registered Office
Franklin House 49 West Street Rochford Essex SS4 1BE
Accountants
Portway Accountancy Services Limited 47 Back Lane Rochford Essex SS4 1AY
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Portway Building Services Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,514 
10,019 
Current assets
Inventories
3,750 
14,200 
Debtors
247,543 
223,080 
Cash at bank and in hand
815 
(1,497)
252,108 
235,783 
Creditors: amounts falling due within one year
(212,844)
(206,390)
Net current assets
39,264 
29,393 
Net assets
46,778 
39,412 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
36,778 
29,412 
Shareholders' funds
46,778 
39,412 
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 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 30 July 2024 and were signed on its behalf by
Tony J Pallant Director Company Registration No. 08841752
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Portway Building Services Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Portway Building Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08841752. The registered office is Franklin House, 49 West Street, Rochford, Essex, SS4 1BE.
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.
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%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
36,271 
5,947 
42,218 
At 31 July 2023
36,271 
5,947 
42,218 
Depreciation
At 1 August 2022
27,664 
4,535 
32,199 
Charge for the year
2,152 
353 
2,505 
At 31 July 2023
29,816 
4,888 
34,704 
Net book value
At 31 July 2023
6,455 
1,059 
7,514 
At 31 July 2022
8,607 
1,412 
10,019 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,104 
Trade debtors
28,567 
- 
Amounts due from group undertakings etc.
218,976 
218,976 
247,543 
223,080 
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Portway Building Services Limited Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
37,397 
41,610 
VAT
3,036 
- 
Trade creditors
20,523 
- 
Taxes and social security
3,022 
3,022 
Loans from directors
147,366 
160,708 
Accruals
1,500 
1,050 
212,844 
206,390 
7
Transactions with related parties
At the year end the company owed Mr T J Pallant £147,365 At the year end companies controlled by T J Pallant solely or in conjunction with immediate family owed the Company £219,277. .
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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