Porphyrogenitus Limited 02113462 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is The researching and publishing of academic publications specifically relating to Greece Digita Accounts Production Advanced 6.30.9574.0 true 02113462 2023-04-01 2024-03-31 02113462 2024-03-31 02113462 core:RetainedEarningsAccumulatedLosses 2024-03-31 02113462 core:ShareCapital 2024-03-31 02113462 core:CurrentFinancialInstruments 2024-03-31 02113462 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02113462 core:PlantMachinery 2024-03-31 02113462 bus:SmallEntities 2023-04-01 2024-03-31 02113462 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02113462 bus:FullAccounts 2023-04-01 2024-03-31 02113462 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02113462 bus:RegisteredOffice 2023-04-01 2024-03-31 02113462 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 02113462 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02113462 core:PlantMachinery 2023-04-01 2024-03-31 02113462 countries:EnglandWales 2023-04-01 2024-03-31 02113462 2023-03-31 02113462 core:PlantMachinery 2023-03-31 02113462 2022-04-01 2023-03-31 02113462 2023-03-31 02113462 core:RetainedEarningsAccumulatedLosses 2023-03-31 02113462 core:ShareCapital 2023-03-31 02113462 core:CurrentFinancialInstruments 2023-03-31 02113462 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02113462 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02113462

Porphyrogenitus Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2024

 

Porphyrogenitus Limited

(Registration number: 02113462)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

896

1,325

Current assets

 

Stocks

5

1,308

1,308

Debtors

6

278

198

Cash at bank and in hand

 

22,697

24,638

 

24,283

26,144

Creditors: Amounts falling due within one year

7

(18,914)

(18,602)

Net current assets

 

5,369

7,542

Net assets

 

6,265

8,867

Capital and reserves

 

Called up share capital

5

5

Profit and loss account

6,260

8,862

Shareholders' funds

 

6,265

8,867

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 24 September 2024 and signed on its behalf by:
 

.........................................
Mr J Chrysostomides
Company secretary and director

 

Porphyrogenitus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 65 Pinehill Road, Crowthorne, Berkshire, RG45 7JP.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Porphyrogenitus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Porphyrogenitus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

4,312

4,312

Disposals

(724)

(724)

At 31 March 2024

3,588

3,588

Depreciation

At 1 April 2023

2,987

2,987

Charge for the year

300

300

Eliminated on disposal

(595)

(595)

At 31 March 2024

2,692

2,692

Carrying amount

At 31 March 2024

896

896

At 31 March 2023

1,325

1,325

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

1,308

1,308

6

Debtors

2024
£

2023
£

Other debtors

278

198

278

198

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

1,300

1,300

Other creditors

17,614

17,302

18,914

18,602