Acorah Software Products - Accounts Production 14.6.300 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 NI663724 Mr Martin Porter Mrs Joanne Porter Mrs Joanne Porter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI663724 2022-08-31 NI663724 2023-08-31 NI663724 2022-09-01 2023-08-31 NI663724 frs-core:Non-currentFinancialInstruments 2023-08-31 NI663724 frs-core:BetweenOneFiveYears 2023-08-31 NI663724 frs-core:PlantMachinery 2022-09-01 2023-08-31 NI663724 frs-core:WithinOneYear 2023-08-31 NI663724 frs-core:ShareCapital 2023-08-31 NI663724 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI663724 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 NI663724 frs-bus:AbridgedAccounts 2022-09-01 2023-08-31 NI663724 frs-bus:SmallEntities 2022-09-01 2023-08-31 NI663724 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 NI663724 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 NI663724 frs-bus:Director1 2022-09-01 2023-08-31 NI663724 frs-bus:Director2 2022-09-01 2023-08-31 NI663724 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 NI663724 frs-countries:NorthernIreland 2022-09-01 2023-08-31 NI663724 2021-08-31 NI663724 2022-08-31 NI663724 2021-09-01 2022-08-31 NI663724 frs-core:Non-currentFinancialInstruments 2022-08-31 NI663724 frs-core:BetweenOneFiveYears 2022-08-31 NI663724 frs-core:WithinOneYear 2022-08-31 NI663724 frs-core:ShareCapital 2022-08-31 NI663724 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: NI663724
Porter Haulage Ltd
ABRIDGED Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NI663724
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 367,969 249,728
367,969 249,728
CURRENT ASSETS
Cash at bank and in hand 8,900 12,221
8,900 12,221
Creditors: Amounts Falling Due Within One Year (124,457 ) (109,781 )
NET CURRENT ASSETS (LIABILITIES) (115,557 ) (97,560 )
TOTAL ASSETS LESS CURRENT LIABILITIES 252,412 152,168
Creditors: Amounts Falling Due After More Than One Year (100,869 ) (48,454 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,215 ) (26,671 )
NET ASSETS 100,328 77,043
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 100,326 77,041
SHAREHOLDERS' FUNDS 100,328 77,043
Page 1
Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Joanne Porter
Director
23/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Porter Haulage Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI663724 . The registered office is 30 Mourne Avenue , Strabane, Co Tyrone, BT82 9BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 7)
5 7
4. Tangible Assets
Total
£
Cost
As at 1 September 2022 327,056
Additions 159,127
As at 31 August 2023 486,183
Depreciation
As at 1 September 2022 77,328
Provided during the period 40,886
As at 31 August 2023 118,214
Net Book Value
As at 31 August 2023 367,969
As at 1 September 2022 249,728
5. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 50,755 24,847
Later than one year and not later than five years 81,434 20,316
132,189 45,163
132,189 45,163
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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