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REGISTERED NUMBER: 11442569 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Portico Design & Build Limited

Portico Design & Build Limited (Registered number: 11442569)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Portico Design & Build Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr J S Davies
Mr S Girard
Mr O H Thompson





REGISTERED OFFICE: 127-129 Turnpike Lane
Hornsey
London
N8 0DU





REGISTERED NUMBER: 11442569 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Portico Design & Build Limited (Registered number: 11442569)

Abridged Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £ £
FIXED ASSETS
Tangible assets 4 83,022 46,920

CURRENT ASSETS
Debtors 296,527 479,065
Cash at bank 90,736 33,830
387,263 512,895
CREDITORS
Amounts falling due within one year (281,388 ) (496,184 )
NET CURRENT ASSETS 105,875 16,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,897

63,631

CREDITORS
Amounts falling due after more than one
year

(61,453

)

(14,617

)
NET ASSETS 127,444 49,014

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 127,344 48,914
SHAREHOLDERS' FUNDS 127,444 49,014

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Portico Design & Build Limited (Registered number: 11442569)

Abridged Balance Sheet - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 April 2025 and were signed on its behalf by:




Mr S Girard - Director



Mr J S Davies - Director


Portico Design & Build Limited (Registered number: 11442569)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Portico Design & Build Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - over the term of the lease
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance and over the term of the lease
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase or lease contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated at a rate of 25% on a reducing balance basis. These were previously depreciated over the lifetime of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Portico Design & Build Limited (Registered number: 11442569)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2023 122,455
Additions 72,220
Disposals (17,988 )
At 31 July 2024 176,687
DEPRECIATION
At 1 August 2023 75,535
Charge for year 27,124
Eliminated on disposal (8,994 )
At 31 July 2024 93,665
NET BOOK VALUE
At 31 July 2024 83,022
At 31 July 2023 46,920

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 August 2023 86,408
Additions 48,390
Disposals (17,988 )
At 31 July 2024 116,810
DEPRECIATION
At 1 August 2023 54,779
Charge for year 16,834
Eliminated on disposal (8,994 )
At 31 July 2024 62,619
NET BOOK VALUE
At 31 July 2024 54,191
At 31 July 2023 31,629

Portico Design & Build Limited (Registered number: 11442569)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. LOANS

An analysis of the maturity of loans is given below:

31/7/24 31/7/23
£ £
Amounts falling due within one year or on demand:
Bank loans 10,000 28,333
Other loans 7,333 100,000
17,333 128,333

Amounts falling due between one and two years:
Bank loans 1-2 years 8,333 -
Other loans - 1-2 years 7,333 -
15,666 -

Amounts falling due between two and five years:
Other loans - 2-5 years 3,667 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £ £
100 Ordinary £1 100 100

Attached to the shares are a right to vote in general meetings, a right to receive dividends if declared by the company and a right to participate in distributions of capital, including on winding up.

7. RESERVES
Retained
earnings
£

At 1 August 2023 48,914
Profit for the year 110,430
Dividends (32,000 )
At 31 July 2024 127,344