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Company Registration No. 13311363 (England and Wales)
Portalsoft Ltd Unaudited accounts for the year ended 30 April 2024
Portalsoft Ltd Unaudited accounts Contents
Page
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Portalsoft Ltd Company Information for the year ended 30 April 2024
Directors
BARDIA SEZAVAR BANDI MOHAMMAD Reza SEZAVAR BANDI
Company Number
13311363 (England and Wales)
Registered Office
Flat 95 Gladwin Tower 50 Wandsworth Road London London SW8 2FJ England
Accountants
NOORY AND CO ACCOUNTANTS 22 Conduit Place London London W2 1HS
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Portalsoft Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
312,150 
300,915 
Tangible assets
3,610 
3,800 
315,760 
304,715 
Current assets
Cash at bank and in hand
7,655 
219 
Creditors: amounts falling due within one year
(363,463)
(343,413)
Net current liabilities
(355,808)
(343,194)
Net liabilities
(40,048)
(38,479)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(40,148)
(38,579)
Shareholders' funds
(40,048)
(38,479)
For the year ending 30 April 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 24 November 2024 and were signed on its behalf by
BARDIA SEZAVAR BANDI Director Company Registration No. 13311363
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Portalsoft Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Portalsoft Ltd is a private company, limited by shares, registered in England and Wales, registration number 13311363. The registered office is Flat 95, Gladwin Tower 50 Wandsworth Road, London, London, SW8 2FJ, 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
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
5% Reducing Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Portalsoft Ltd Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
300,915 
Additions
11,235 
At 30 April 2024
312,150 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
312,150 
At 30 April 2023
300,915 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
4,000 
At 30 April 2024
4,000 
Depreciation
At 1 May 2023
200 
Charge for the year
190 
At 30 April 2024
390 
Net book value
At 30 April 2024
3,610 
At 30 April 2023
3,800 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
39 
- 
Trade creditors
2,133 
1,200 
Loans from directors
361,291 
342,213 
363,463 
343,413 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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