PORTLAND DISTRIBUTION LTD

Company Registration Number:
11367499 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

PORTLAND DISTRIBUTION LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

PORTLAND DISTRIBUTION LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,212,355 1,874,690
Total fixed assets: 2,212,355 1,874,690
Current assets
Stocks: 576,369 514,336
Debtors:   575,369 412,530
Cash at bank and in hand: 653,123 600,120
Total current assets: 1,804,861 1,526,986
Creditors: amounts falling due within one year:   (356,012) (280,540)
Net current assets (liabilities): 1,448,849 1,246,446
Total assets less current liabilities: 3,661,204 3,121,136
Total net assets (liabilities): 3,661,204 3,121,136
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,661,203 3,121,135
Shareholders funds: 3,661,204 3,121,136

The notes form part of these financial statements

PORTLAND DISTRIBUTION LTD

Balance sheet statements

For the year ending 31 May 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 24 February 2025
and signed on behalf of the board by:

Name: James Hewitt
Status: Director

The notes form part of these financial statements

PORTLAND DISTRIBUTION LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PORTLAND DISTRIBUTION LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 40 30

PORTLAND DISTRIBUTION LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 1,874,690
Additions 337,665
At 31 May 2024 2,212,355
Net book value
At 31 May 2024 2,212,355
At 31 May 2023 1,874,690