1 October 2023 false No description of principal activity Taxfiler 2024.5 SC408414business:PrivateLimitedCompanyLtd2023-10-012024-03-31 SC4084142023-09-30 SC4084142023-10-012024-03-31 SC408414business:AuditExemptWithAccountantsReport2023-10-012024-03-31 SC408414business:FilletedAccounts2023-10-012024-03-31 SC4084142024-03-31 SC408414business:Director12023-10-012024-03-31 SC408414business:Director22023-10-012024-03-31 SC408414business:RegisteredOffice2023-10-012024-03-31 SC4084142023-09-30 SC408414core:WithinOneYear2024-03-31 SC408414core:WithinOneYear2023-09-30 SC408414core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC408414core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC408414core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC408414core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC408414core:PreviouslyStatedAmount2024-03-31 SC408414core:PreviouslyStatedAmount2023-09-30 SC408414business:SmallEntities2023-10-012024-03-31 SC408414countries:Scotland2023-10-012024-03-31 SC408414core:PlantMachinery2023-09-30 SC408414core:MotorVehicles2023-09-30 SC408414core:FurnitureFittings2023-09-30 SC408414core:PlantMachinery2023-10-012024-03-31 SC408414core:MotorVehicles2023-10-012024-03-31 SC408414core:FurnitureFittings2023-10-012024-03-31 SC408414core:PlantMachinery2024-03-31 SC408414core:MotorVehicles2024-03-31 SC408414core:FurnitureFittings2024-03-31 SC408414core:AfterOneYear2024-03-31 SC408414core:AfterOneYear2023-09-30 SC4084142022-10-012023-09-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Portal Security Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
563,678 
666,025 
Current assets
Debtors
2,401,889 
1,099,191 
Cash at bank and in hand
415,853 
760,409 
2,817,742 
1,859,600 
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 
Capital and reserves
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
- 4 -
Portal Security Ltd Notes to the Accounts for the period from 1 October 2023 to 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
303,329 
248,575 
11,774 
563,678 
At 30 September 2023
337,929 
315,014 
13,082 
666,025 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
2,401,889 
1,099,191 
- 5 -
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 
VAT
246,644 
123,083 
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 
- 
Accruals
5,000 
- 
1,810,198 
1,093,943 
7
Average number of employees
During the period the average number of employees was 159 (2023: 131).
- 6 -