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REGISTERED NUMBER: 12290861 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

PORTLAND BUSINESS SUPPORT LTD

PORTLAND BUSINESS SUPPORT LTD (REGISTERED NUMBER: 12290861)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTLAND BUSINESS SUPPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: LJ Turner





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 12290861 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

PORTLAND BUSINESS SUPPORT LTD (REGISTERED NUMBER: 12290861)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 640,471 640,471
Tangible assets 5 2,354 6,360
642,825 646,831

CURRENT ASSETS
Debtors 6 20,972 36,999
Cash at bank 15,611 61,727
36,583 98,726
CREDITORS
Amounts falling due within one year 7 109,871 48,273
NET CURRENT (LIABILITIES)/ASSETS (73,288 ) 50,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,537

697,284

PROVISIONS FOR LIABILITIES 175 825
NET ASSETS 569,362 696,459

CAPITAL AND RESERVES
Called up share capital 399,300 524,300
Retained earnings 170,062 172,159
SHAREHOLDERS' FUNDS 569,362 696,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

PORTLAND BUSINESS SUPPORT LTD (REGISTERED NUMBER: 12290861)

BALANCE SHEET - continued
31ST OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th March 2025 and were signed by:





LJ Turner - Director


PORTLAND BUSINESS SUPPORT LTD (REGISTERED NUMBER: 12290861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Portland Business Support Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are recognised at cost and reviewed annually for impairment. Amortisation is judged by the director to be immaterial.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2023
and 31st October 2024 640,471
NET BOOK VALUE
At 31st October 2024 640,471
At 31st October 2023 640,471

PORTLAND BUSINESS SUPPORT LTD (REGISTERED NUMBER: 12290861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023
and 31st October 2024 20,031
DEPRECIATION
At 1st November 2023 13,671
Charge for year 4,006
At 31st October 2024 17,677
NET BOOK VALUE
At 31st October 2024 2,354
At 31st October 2023 6,360

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,972 30,799
Other debtors 5,000 6,200
20,972 36,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 39,615 40,132
Other creditors 70,256 8,141
109,871 48,273