30 January 2023 false No description of principal activity Taxfiler 2024.6 06782009business:PrivateLimitedCompanyLtd2023-01-302024-01-29 067820092023-01-29 067820092023-01-302024-01-29 06782009business:AuditExempt-NoAccountantsReport2023-01-302024-01-29 06782009business:AbridgedAccounts2023-01-302024-01-29 067820092024-01-29 067820092023-01-29 06782009core:WithinOneYear2024-01-29 06782009core:WithinOneYear2023-01-29 06782009core:AfterOneYear2024-01-29 06782009core:AfterOneYear2023-01-29 06782009core:ShareCapitalcore:PreviouslyStatedAmount2024-01-29 06782009core:ShareCapitalcore:PreviouslyStatedAmount2023-01-29 06782009core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-29 06782009core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-29 06782009core:PreviouslyStatedAmount2024-01-29 06782009core:PreviouslyStatedAmount2023-01-29 06782009business:SmallEntities2023-01-302024-01-29 06782009business:Director12023-01-302024-01-29 06782009countries:EnglandWales2023-01-302024-01-29 06782009business:RegisteredOffice2023-01-302024-01-29 06782009core:MotorVehicles2023-01-302024-01-29 06782009core:ComputerEquipment2023-01-302024-01-29 067820092022-01-302023-01-29 iso4217:GBP xbrli:pure
Company Registration No. 06782009 (England and Wales)
Portobello Post Ltd Unaudited accounts for the year ended 29 January 2024
Portobello Post Ltd Statement of financial position as at 29 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,609 
21,330 
Current assets
Debtors
220,073 
241,536 
Cash at bank and in hand
15,796 
72,139 
235,869 
313,675 
Creditors: amounts falling due within one year
(254,404)
(445,370)
Net current liabilities
(18,535)
(131,695)
Total assets less current liabilities
(2,926)
(110,365)
Creditors: amounts falling due after more than one year
(32,377)
(39,668)
Net liabilities
(35,303)
(150,033)
Capital and reserves
Called up share capital
1,398 
1,398 
Profit and loss account
(36,701)
(151,431)
Shareholders' funds
(35,303)
(150,033)
For the year ending 29 January 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 his 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 the year in accordance with Section 444(2A).
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 28 December 2024 and were signed on its behalf by
Mr Oladoke Fagbenle Director Company Registration No. 06782009
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Portobello Post Ltd Notes to the Accounts for the year ended 29 January 2024
1
Statutory information
Portobello Post Ltd is a private company, limited by shares, registered in England and Wales, registration number 06782009. The registered office is 4 Treebank Gardens, London, W7 3FB, United Kingdom.
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:
Motor vehicles
25% reducing balance
Computer equipment
25% straight-line method
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 30 January 2023
39,806 
At 29 January 2024
39,806 
Depreciation
At 30 January 2023
18,476 
Charge for the year
5,721 
At 29 January 2024
24,197 
Net book value
At 29 January 2024
15,609 
At 29 January 2023
21,330 
5
Average number of employees
During the year the average number of employees was 3 (2023: 9).
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