1 June 2023 false No description of principal activity Taxfiler 2024.6 14094963business:PrivateLimitedCompanyLtd2023-06-012024-05-31 140949632023-05-31 140949632023-06-012024-05-31 14094963business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 14094963business:FilletedAccounts2023-06-012024-05-31 140949632024-05-31 14094963business:Director12023-06-012024-05-31 14094963business:RegisteredOffice2023-06-012024-05-31 140949632023-05-31 14094963core:WithinOneYear2024-05-31 14094963core:WithinOneYear2023-05-31 14094963core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14094963core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 14094963core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14094963core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 14094963core:PreviouslyStatedAmount2024-05-31 14094963core:PreviouslyStatedAmount2023-05-31 14094963business:SmallEntities2023-06-012024-05-31 14094963countries:EnglandWales2023-06-012024-05-31 14094963core:FurnitureFittings2023-06-012024-05-31 14094963core:ComputerEquipment2023-06-012024-05-31 14094963core:Goodwill2023-05-31 14094963core:Goodwill2024-05-31 14094963core:Goodwill2023-06-012024-05-31 14094963core:FurnitureFittings2023-05-31 14094963core:ComputerEquipment2023-05-31 14094963core:FurnitureFittings2024-05-31 14094963core:ComputerEquipment2024-05-31 140949632022-05-092023-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Portheras Accounting Ltd Company Information for the year ended 31 May 2024
Director
R N Pitman
Company Number
14094963 (England and Wales)
Registered Office
TREMARSTAN KILHALLON PAR PL24 2RL ENGLAND
- 3 -
Portheras Accounting Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,400 
16,200 
Tangible assets
1,230 
784 
15,630 
16,984 
Current assets
Debtors
5,291 
884 
Cash at bank and in hand
5,563 
4,707 
10,854 
5,591 
Creditors: amounts falling due within one year
(8,586)
(18,838)
Net current assets/(liabilities)
2,268 
(13,247)
Net assets
17,898 
3,737 
Capital and reserves
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
- 4 -
Portheras Accounting Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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 year, 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:
Fixtures & fittings
Straight line over 5 years
Computer equipment
Straight line over 3 years
Intangible fixed assets
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 
£ 
Cost
At 1 June 2023
18,000 
At 31 May 2024
18,000 
Amortisation
At 1 June 2023
1,800 
Charge for the year
1,800 
At 31 May 2024
3,600 
Net book value
At 31 May 2024
14,400 
At 31 May 2023
16,200 
- 5 -
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 
Additions
444 
614 
1,058 
At 31 May 2024
444 
1,790 
2,234 
Depreciation
At 1 June 2023
- 
392 
392 
Charge for the year
60 
552 
612 
At 31 May 2024
60 
944 
1,004 
Net book value
At 31 May 2024
384 
846 
1,230 
At 31 May 2023
- 
784 
784 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,575 
(414)
Accrued income and prepayments
2,716 
1,298 
5,291 
884 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
342 
1,165 
Taxes and social security
3,764 
2,620 
Other creditors
4,480 
- 
Loans from directors
- 
15,053 
8,586 
18,838 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -