Company Registration No. 14094963 (England and Wales)
Portheras Accounting Ltd
Unaudited accounts
for the year ended 31 May 2024
Portheras Accounting Ltd
Unaudited accounts
Contents
Portheras Accounting Ltd
Company Information
for the year ended 31 May 2024
Company Number
14094963 (England and Wales)
Registered Office
TREMARSTAN
KILHALLON
PAR
PL24 2RL
ENGLAND
Portheras Accounting Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
14,400
16,200
Cash at bank and in hand
5,563
4,707
Creditors: amounts falling due within one year
(8,586)
(18,838)
Net current assets/(liabilities)
2,268
(13,247)
Called up share capital
1
1
Profit and loss account
17,897
3,736
Shareholders' funds
17,898
3,737
For the year ending 31 May 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 her 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 16 November 2024 and were signed on its behalf by
R N Pitman
Director
Company Registration No. 14094963
Portheras Accounting Ltd
Notes to the Accounts
for the year ended 31 May 2024
Portheras Accounting Ltd is a private company, limited by shares, registered in England and Wales, registration number 14094963. The registered office is TREMARSTAN, KILHALLON, PAR, PL24 2RL, ENGLAND.
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.
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:
Fixtures & fittings
Straight line over 5 years
Computer equipment
Straight line over 3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
This will be amortized over 10 years
4
Intangible fixed assets
Goodwill
Portheras Accounting Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
-
1,176
1,176
At 31 May 2024
444
1,790
2,234
Charge for the year
60
552
612
At 31 May 2024
60
944
1,004
At 31 May 2024
384
846
1,230
Amounts falling due within one year
Accrued income and prepayments
2,716
1,298
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,764
2,620
Loans from directors
-
15,053
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).