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REGISTERED NUMBER: SC299895 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

A & L PORTER LIMITED

A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & L PORTER LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A J Porter
Mrs L M Porter





SECRETARY: A J Porter





REGISTERED OFFICE: 1st Floor
Blenheim House
Fountainhall Road
Aberdeen
AB15 4DT





REGISTERED NUMBER: SC299895 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Balance Sheet
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,019,439 1,140,649
Tangible assets 5 871,489 1,019,344
Investments 6 15,990 15,990
1,906,918 2,175,983

CURRENT ASSETS
Stocks 427,704 491,708
Debtors 7 2,888,425 1,834,116
Cash at bank and in hand 287,440 571,351
3,603,569 2,897,175
CREDITORS
Amounts falling due within one year 8 4,381,708 3,846,414
NET CURRENT LIABILITIES (778,139 ) (949,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,128,779

1,226,744

CREDITORS
Amounts falling due after more than one year 9 (1,382,409 ) (1,640,260 )

PROVISIONS FOR LIABILITIES 12 (110,340 ) (133,050 )
NET LIABILITIES (363,970 ) (546,566 )

A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Balance Sheet - continued
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 100 100
Share premium 14 55,003 55,003
Retained earnings 14 (419,073 ) (601,669 )
SHAREHOLDERS' FUNDS (363,970 ) (546,566 )

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





A J Porter - Director


A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

A & L Porter Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Going concern
Although the company is technically insolvent it is being supported by the Directors.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2006, 2010, 2012, 2014 and 2016. Amortisation is over 20 years straight line.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over term of lease
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 67 (2023 - 60 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 3,356,689
AMORTISATION
At 1 September 2023 2,216,040
Amortisation for year 121,210
At 31 August 2024 2,337,250
NET BOOK VALUE
At 31 August 2024 1,019,439
At 31 August 2023 1,140,649

A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023 246,064 675,388 328,266
Additions - 792 1,462
Disposals - - -
At 31 August 2024 246,064 676,180 329,728
DEPRECIATION
At 1 September 2023 - 238,207 81,484
Charge for year - 61,730 50,299
Eliminated on disposal - - -
At 31 August 2024 - 299,937 131,783
NET BOOK VALUE
At 31 August 2024 246,064 376,243 197,945
At 31 August 2023 246,064 437,181 246,782

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 128,599 102,394 16,595 1,497,306
Additions - - 2,343 4,597
Disposals - (38,500 ) - (38,500 )
At 31 August 2024 128,599 63,894 18,938 1,463,403
DEPRECIATION
At 1 September 2023 114,449 35,930 7,892 477,962
Charge for year 4,312 12,533 5,130 134,004
Eliminated on disposal - (20,052 ) - (20,052 )
At 31 August 2024 118,761 28,411 13,022 591,914
NET BOOK VALUE
At 31 August 2024 9,838 35,483 5,916 871,489
At 31 August 2023 14,150 66,464 8,703 1,019,344

A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.8.24 31.8.23
£    £   
Private Registration Number 15,990 15,990

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 821,670 842,879
Other debtors 1,756,137 737,766
VAT 271,866 216,726
Prepayments 38,752 36,745
2,888,425 1,834,116

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 10) 207,851 199,881
Hire purchase contracts 50,000 50,000
Trade creditors 1,086,236 1,233,515
Tax 134,794 104,316
HMRC EBT Account - (4,070 )
Social security and other taxes 30,971 27,800
Other creditors 743,660 15,831
Directors' loan accounts 1,763,107 1,904,672
Accruals and deferred income 309,190 314,469
Accrued expenses 55,899 -
4,381,708 3,846,414

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) 1,340,742 1,548,593
Hire purchase contracts 41,667 91,667
1,382,409 1,640,260

A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 207,851 199,881

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,340,742 1,548,593

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 1,548,593 1,748,474

On the 28th April 2016 a floating charge was created in favour of Bank of Scotland Plc over all property and sums due or to become due.

12. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 110,340 133,050

Deferred
tax
£   
Balance at 1 September 2023 133,050
Accelerated capital allowances (22,710 )
Balance at 31 August 2024 110,340

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 100

A & L PORTER LIMITED (REGISTERED NUMBER: SC299895)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

14. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 (601,669 ) 55,003 (546,666 )
Profit for the year 182,596 182,596
At 31 August 2024 (419,073 ) 55,003 (364,070 )