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Registered Number: SC541743
Scotland

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 August 2023

for

PORTUM LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 55,783  55,972 
Current assets 17,005  18,685 
Creditors: amount falling due within one year (93,801) (90,476)
Net current assets (76,796) (71,791)
Total assets less current liabilities (21,013) (15,819)
Net assets (21,013) (15,819)
 
Capital and reserves (21,013) (15,819)
 
  1. For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Patrick Joseph Brannock
Director

Date approved: 16 August 2024
1
Statutory Information
PORTUM LTD is a private limited company, limited by shares, domiciled in Scotland, registration number SC541743, registration address 134 Bishops Park, Mid Calder, Livingston, EH53 0SU, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
Fixtures and Fittings25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Freehold property   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 September 2022 55,220    2,247    4,060    61,527 
Additions      
Disposals      
At 31 August 2023 55,220    2,247    4,060    61,527 
Depreciation
At 01 September 2022   2,089    3,466    5,555 
Charge for year   40    149    189 
On disposals      
At 31 August 2023   2,129    3,615    5,744 
Net book values
Closing balance as at 31 August 2023 55,220    118    445    55,783 
Opening balance as at 01 September 2022 55,220    158    594    55,972 

3.

Average number of employees

Average number of employees during the year was 1  (2022: 1).
2