Company Registration No. 08847474 (England and Wales)
B2B Portals Limited
Unaudited accounts
for the year ended 31 January 2024
B2B Portals Limited
Unaudited accounts
Contents
B2B Portals Limited
Company Information
for the year ended 31 January 2024
Company Number
08847474 (England and Wales)
Registered Office
ROSE COTTAGE GUBBIONS GREEN
GREAT LEIGHS
CHELMSFORD
ESSEX
CM3 1PS
B2B Portals Limited
Statement of financial position
as at 31 January 2024
Tangible assets
7,971
6,011
Cash at bank and in hand
145,712
108,538
Creditors: amounts falling due within one year
(27,015)
(19,804)
Net current assets
129,803
96,626
Total assets less current liabilities
137,774
102,637
Creditors: amounts falling due after more than one year
(505,583)
(209,733)
Net liabilities
(367,809)
(107,096)
Called up share capital
2
2
Profit and loss account
(367,811)
(107,098)
Shareholders' funds
(367,809)
(107,096)
For the year ending 31 January 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2024 and were signed on its behalf by
P Joslin
Director
Company Registration No. 08847474
B2B Portals Limited
Notes to the Accounts
for the year ended 31 January 2024
B2B Portals Limited is a private company, limited by shares, registered in England and Wales, registration number 08847474. The registered office is ROSE COTTAGE GUBBIONS GREEN, GREAT LEIGHS, CHELMSFORD, ESSEX, CM3 1PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
6,929
48,572
55,501
Additions
9,204
1,847
11,051
At 31 January 2024
16,133
50,419
66,552
At 1 February 2023
5,366
44,124
49,490
Charge for the year
4,033
5,058
9,091
At 31 January 2024
9,399
49,182
58,581
At 31 January 2024
6,734
1,237
7,971
At 31 January 2023
1,563
4,448
6,011
B2B Portals Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
6,194
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,750
3,600
Taxes and social security
19,041
12,363
Other creditors
1,824
3,841
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
500,000
200,000
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).