PORTACOVER MACHINERY MOVEMENTS LIMITED

Company Registration Number:
01436641 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

PORTACOVER MACHINERY MOVEMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes

PORTACOVER MACHINERY MOVEMENTS LIMITED

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,409,307 1,188,527
Total fixed assets: 1,409,307 1,188,527
Current assets
Stocks: 4 1,000 1,000
Debtors: 5 349,697 296,872
Cash at bank and in hand: 245,423 446,409
Total current assets: 596,120 744,281
Creditors: amounts falling due within one year: 6 ( 348,381 ) ( 330,245 )
Net current assets (liabilities): 247,739 414,036
Total assets less current liabilities: 1,657,046 1,602,563
Creditors: amounts falling due after more than one year: 7 ( 299,429 ) ( 273,272 )
Provision for liabilities: ( 256,138 ) ( 213,557 )
Total net assets (liabilities): 1,101,479 1,115,734
Capital and reserves
Called up share capital: 1,402 1,402
Other reserves: 700 700
Profit and loss account: 1,099,377 1,113,632
Total Shareholders' funds: 1,101,479 1,115,734

The notes form part of these financial statements

PORTACOVER MACHINERY MOVEMENTS LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 October 2024
and signed on behalf of the board by:

Name: Mr S Watson
Status: Director

The notes form part of these financial statements

PORTACOVER MACHINERY MOVEMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Plant and machinery - 10% Reducing Balance Fixtures and fittings - 33.3% Reducing Balance Motor vehicles - 20% Reducing Balance Leasehold Improvements - 2% Reducing Balance

PORTACOVER MACHINERY MOVEMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 13 12

PORTACOVER MACHINERY MOVEMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 1,567,631 100,424 174,689 1,842,744
Additions 283,058 381 93,065 376,504
Disposals ( 35,020 ) ( 34,265 ) ( 69,285 )
Revaluations
Transfers
At 28 February 2024 1,815,669 100,805 233,489 2,149,963
Depreciation
At 1 March 2023 521,478 14,661 118,078 654,217
Charge for year 104,616 6,287 19,293 130,196
On disposals ( 9,491 ) ( 34,266 ) ( 43,757 )
Other adjustments
At 28 February 2024 616,603 20,948 103,105 740,656
Net book value
At 28 February 2024 1,199,066 79,857 130,384 1,409,307
At 28 February 2023 1,046,153 85,763 56,611 1,188,527

PORTACOVER MACHINERY MOVEMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 2023
£ £
Stocks 1,000 1,000
Total 1,000 1,000

PORTACOVER MACHINERY MOVEMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 335,359 234,312
Prepayments and accrued income 14,338 62,560
Total 349,697 296,872

PORTACOVER MACHINERY MOVEMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 197,097 157,627
Trade creditors 35,510 82,173
Taxation and social security 49,684 86,513
Accruals and deferred income 61,661 2,602
Other creditors 4,429 1,330
Total 348,381 330,245

PORTACOVER MACHINERY MOVEMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 299,429 273,272
Total 299,429 273,272