Company Registration No. SC408414 (Scotland)
Portal Security Ltd
Unaudited accounts
for the period from 1 October 2023 to 31 March 2024
Portal Security Ltd
Unaudited accounts
Contents
Portal Security Ltd
Company Information
for the period from 1 October 2023 to 31 March 2024
Directors
Mr Declan Goldie
Mr Michael Goldie
Company Number
SC408414 (Scotland)
Registered Office
Portal Security Ltd
26 Tannoch Drive
Cumbernauld
Glasgow
Lanarkshire
G67 2XX
Scotland
Accountants
SJH Accountants Limited
8 weald close
Bromley
BR2 8PD
Portal Security Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
563,678
666,025
Debtors
2,401,889
1,099,191
Cash at bank and in hand
415,853
760,409
Creditors: amounts falling due within one year
(1,810,198)
(1,093,943)
Net current assets
1,007,544
765,657
Net assets
1,571,222
1,431,682
Called up share capital
100
100
Profit and loss account
1,571,122
1,431,582
Shareholders' funds
1,571,222
1,431,682
For the period ending 31 March 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 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 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 of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by
Mr Michael Goldie
Director
Company Registration No. SC408414
Portal Security Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
Portal Security Ltd is a private company, limited by shares, registered in Scotland, registration number SC408414. The registered office is Portal Security Ltd, 26 Tannoch Drive, Cumbernauld, Glasgow, Lanarkshire, G67 2XX, Scotland.
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
927,699
449,431
26,302
1,403,432
Additions
-
120,443
-
120,443
Disposals
(33,816)
(231,804)
-
(265,620)
At 31 March 2024
893,883
338,070
26,302
1,258,255
At 1 October 2023
589,770
134,417
13,220
737,407
Charge for the period
30,079
27,620
1,308
59,007
Surplus on revaluation
(29,295)
-
-
(29,295)
On disposals
-
(72,542)
-
(72,542)
At 31 March 2024
590,554
89,495
14,528
694,577
At 31 March 2024
303,329
248,575
11,774
563,678
At 30 September 2023
337,929
315,014
13,082
666,025
Amounts falling due after more than one year
Trade debtors
2,401,889
1,099,191
Portal Security Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
155,600
Obligations under finance leases and hire purchase contracts
89,964
-
Trade creditors
900,975
581,931
Taxes and social security
402,726
112,893
Other creditors
120,000
120,436
Loans from directors
44,889
-
7
Average number of employees
During the period the average number of employees was 159 (2023: 131).