PORTSMOUTH DEMOLITION & SALVAGE LIMITED

Company Registration Number:
07073246 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

PORTSMOUTH DEMOLITION & SALVAGE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

PORTSMOUTH DEMOLITION & SALVAGE LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 773,999 793,896
Total fixed assets: 773,999 793,896
Current assets
Stocks: 223,216 186,013
Debtors:   599,284 561,952
Cash at bank and in hand: 69,897 26,709
Total current assets: 892,397 774,674
Creditors: amounts falling due within one year:   (422,606) (487,084)
Net current assets (liabilities): 469,791 287,590
Total assets less current liabilities: 1,243,790 1,081,486
Creditors: amounts falling due after more than one year:   (307,490) (146,865)
Provision for liabilities: (13,847) (92,318)
Total net assets (liabilities): 922,453 842,303
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 922,353 842,203
Shareholders funds: 922,453 842,303

The notes form part of these financial statements

PORTSMOUTH DEMOLITION & SALVAGE LIMITED

Balance sheet statements

For the year ending 30 November 2023 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 26 November 2024
and signed on behalf of the board by:

Name: Mr A Green
Status: Director

The notes form part of these financial statements

PORTSMOUTH DEMOLITION & SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

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

PORTSMOUTH DEMOLITION & SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 45 45

PORTSMOUTH DEMOLITION & SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 1,513,204
Additions 173,603
At 30 November 2023 1,686,807
Depreciation
At 01 December 2022 719,308
Charge for year 193,500
At 30 November 2023 912,808
Net book value
At 30 November 2023 773,999
At 30 November 2022 793,896