PORTABLE POWER LIMITED

Company Registration Number:
03044988 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

PORTABLE POWER LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

PORTABLE POWER LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 0 4,000
Tangible assets: 4 454,260 385,344
Total fixed assets: 454,260 389,344
Current assets
Stocks: 133,502 172,411
Debtors: 5 33,755 32,222
Cash at bank and in hand: 44,650 17,655
Total current assets: 211,907 222,288
Creditors: amounts falling due within one year: 6 (215,870) (223,060)
Net current assets (liabilities): (3,963) (772)
Total assets less current liabilities: 450,297 388,572
Creditors: amounts falling due after more than one year: 7 (23,997) (65,134)
Total net assets (liabilities): 426,300 323,438
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:8328,472258,472
Profit and loss account: 97,728 64,866
Shareholders funds: 426,300 323,438

The notes form part of these financial statements

PORTABLE POWER LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: K E Furness
Status: Director

The notes form part of these financial statements

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue from the sale of goods is recognised when all of the following conditions are satisfied: the Company has transferred the significant risks and rewards of ownership to the buyer; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis: Plant and equipment - 25% reducing balance Motor vehicles - 25% straight line Office equipment - 25% reducing balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Intangible fixed assets and amortisation policy

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible Assets

Total
Cost £
At 01 May 2023 65,968
At 30 April 2024 65,968
Amortisation
At 01 May 2023 61,968
Charge for year 4,000
At 30 April 2024 65,968
Net book value
At 30 April 2024 0
At 30 April 2023 4,000

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 468,900
Additions 333
Revaluations 70,000
At 30 April 2024 539,233
Depreciation
At 01 May 2023 83,556
Charge for year 1,417
At 30 April 2024 84,973
Net book value
At 30 April 2024 454,260
At 30 April 2023 385,344

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023 £ £ Bank overdrafts - 62,376 Bank loans 83,901 41,137 Trade creditors 13,585 32,391 Corporation tax 19,938 - Other taxation and social security 49,773 40,307 Other creditors 39,667 41,228 Accruals and deferred income 9,006 5,621 Total 215,870 223,060 The following liabilities were secured: 2024 2023 £ £ Bank overdraft - 62,376 Bank loan 83,901 41,137 Total 83,901 1 03,513 Details of security provided: The bank loan and overdraft are secured by a fixed and floating charge over the assets of the company.

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Creditors: amounts falling due after more than one year note

2024 2023 £ £ Bank loans 23,997 65,134 Total 23,997 65,134 The above liabilities were secured by a fixed and floating charge over the assets of the company.

PORTABLE POWER LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

8. Revaluation reserve

2024
£
Balance at 01 May 2023 258,472
Surplus or deficit after revaluation 70,000
Balance at 30 April 2024 328,472

The revaluation reserve arose on the revaluation of property in 2006. The Woodlands View property, previously revalued in 2018, was revalued in April 2024, generating a further £70,000 of revaluation reserve.