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REGISTERED NUMBER: 04281287 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

PORTGROVE HANDLING LTD

PORTGROVE HANDLING LTD (REGISTERED NUMBER: 04281287)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


PORTGROVE HANDLING LTD

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms K Bowness





SECRETARY: Mr D A Knibb





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
L34 3LG





REGISTERED NUMBER: 04281287 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Portgrove Handling Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Portgrove Handling Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Portgrove Handling Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Portgrove Handling Ltd and state those matters that we have agreed to state to the director of Portgrove Handling Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portgrove Handling Ltd and its director for our work or for this report.

It is your duty to ensure that Portgrove Handling Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Portgrove Handling Ltd. You consider that Portgrove Handling Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Portgrove Handling Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool


9 September 2024

PORTGROVE HANDLING LTD (REGISTERED NUMBER: 04281287)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101 134

CURRENT ASSETS
Stocks 2,391 1,627
Debtors 5 11,248 20,650
Cash at bank and in hand 1,723 16
15,362 22,293
CREDITORS
Amounts falling due within one year 6 71,673 68,841
NET CURRENT LIABILITIES (56,311 ) (46,548 )
TOTAL ASSETS LESS CURRENT LIABILITIES (56,210 ) (46,414 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (56,212 ) (46,416 )
(56,210 ) (46,414 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PORTGROVE HANDLING LTD (REGISTERED NUMBER: 04281287)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Ms K Bowness - Director


PORTGROVE HANDLING LTD (REGISTERED NUMBER: 04281287)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Portgrove Handling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PORTGROVE HANDLING LTD (REGISTERED NUMBER: 04281287)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 6,561
DEPRECIATION
At 1 February 2023 6,427
Charge for year 33
At 31 January 2024 6,460
NET BOOK VALUE
At 31 January 2024 101
At 31 January 2023 134

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 6,921 16,537
Prepayments 4,327 4,113
11,248 20,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,570 8,957
Trade creditors 2,715 1,789
Social security and other taxes 129 115
VAT 1,749 1,277
Other creditors 11,182 9,125
Directors' current accounts 47,578 45,928
Accrued expenses 1,750 1,650
71,673 68,841