2023-07-01 08570384 2024-06-30 08570384 2023-07-01 2024-06-30 08570384 2023-06-30 08570384 2022-07-01 2023-06-30 08570384 uk-core:WithinOneYear 2023-06-30 08570384 uk-core:WithinOneYear 2024-06-30 08570384 uk-core:ShareCapital 2024-06-30 08570384 uk-core:ShareCapital 2023-06-30 08570384 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 08570384 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 08570384 uk-bus:Director1 2023-07-01 2024-06-30 08570384 uk-core:NetGoodwill 2023-07-01 2024-06-30 08570384 uk-core:ToolsEquipment 2023-07-01 2024-06-30 08570384 uk-core:ComputerEquipment 2023-07-01 2024-06-30 08570384 uk-core:FurnitureFittings 2023-07-01 2024-06-30 08570384 uk-core:Goodwill 2023-06-30 08570384 uk-core:Goodwill 2024-06-30 08570384 uk-core:ComputerEquipment 2023-06-30 08570384 uk-core:FurnitureFittings 2023-06-30 08570384 uk-core:ToolsEquipment 2023-06-30 08570384 uk-core:ToolsEquipment 2024-06-30 08570384 uk-core:FurnitureFittings 2024-06-30 08570384 uk-core:ComputerEquipment 2024-06-30 iso4217:GBP xbrli:pure 08570384 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08570384 uk-bus:FRS102 2023-07-01 2024-06-30 08570384 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 08570384 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
PORTSKEWETT ACCOUNTANCY SERVICES LTD
Registered Number:08570384
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
PORTSKEWETT ACCOUNTANCY SERVICES LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08570384
As at 30 June 2024
PORTSKEWETT ACCOUNTANCY SERVICES LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,122
1,119
3
2,122
1,119
Current assets
Trade and other receivables
15,731
1,164
4
851
Cash and cash equivalents
1,085
2,249
16,582
Trade and other payables: amounts falling due within one
year
(17,461)
(13,530)
5
(879)
(11,281)
Net current liabilities
Total assets less current liabilities
(9,159)
240
(9,159)
Net assets/liabilities
240
Capital and reserves
Called up share capital
102
102
Retained earnings
(9,261)
138
(9,159)
240
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
VIVIEN JOY SCOTT Director
These financial statements were approved and authorised for issue by the Board on 02 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
PORTSKEWETT ACCOUNTANCY SERVICES LTD
Notes to the Financial Statements
Statutory Information
PORTSKEWETT ACCOUNTANCY SERVICES LTD is a private limited company, limited by shares, domiciled in
England and Wales, registration number 08570384.
Registered address:
33 MAIN ROAD
PORTSKEWETT
CALDICOT
MONMOUTHSHIRE
NP26 5SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Fixtures and fittings
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5
For the year ended 30 June 2024
PORTSKEWETT ACCOUNTANCY SERVICES LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 July 2023
10,000
At 30 June 2024
10,000
Amortisation
At 01 July 2023
10,000
At 30 June 2024
10,000
Net book value
At 30 June 2024
-
At 30 June 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 July 2023
6,442
1,556
3,648
1,238
1,711
1,573
-
138
Additions
At 30 June 2024
1,376
3,648
3,129
8,153
Provision for depreciation and impairment
At 01 July 2023
5,323
1,333
2,894
1,096
Charge for year
708
449
189
70
At 30 June 2024
6,031
1,782
3,083
1,166
At 30 June 2024
Net book value
210
565
1,347
2,122
At 30 June 2023
142
754
223
1,119
4. Trade and other receivables
2023
2024
£
£
Trade debtors
1,164
6,042
Other debtors
-
9,689
15,731
1,164
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6
For the year ended 30 June 2024
PORTSKEWETT ACCOUNTANCY SERVICES LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
12,000
Taxation and social security
10,190
5,010
Other creditors
3,340
451
13,530
17,461
6. Average number of persons employed
During the year the average number of employees was 0 (2023 : 3)
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