Company Registration No. 5508057 (England and Wales)
Porters Foliage Limited
Unaudited accounts
for the year ended 31 July 2024
Porters Foliage Limited
Unaudited accounts
Contents
Porters Foliage Limited
Company Information
for the year ended 31 July 2024
Company Number
5508057 (England and Wales)
Registered Office
Units A8-15 Flower Market
New Covent Garden Market
London
SW8 5EH
Accountants
Keywhites Limited
26 Grisedale Gardens
Purley
Surrey
CR8 1EN
Porters Foliage Limited
Statement of financial position
as at 31 July 2024
Tangible assets
57,397
73,485
Inventories
248,985
243,573
Cash at bank and in hand
148,550
201,279
Creditors: amounts falling due within one year
(400,526)
(374,152)
Net current assets
178,824
252,589
Total assets less current liabilities
236,221
326,074
Creditors: amounts falling due after more than one year
(18,750)
(93,750)
Provisions for liabilities
Deferred tax
(14,350)
(18,372)
Net assets
203,121
213,952
Called up share capital
100
100
Profit and loss account
203,021
213,852
Shareholders' funds
203,121
213,952
For the year ending 31 July 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.
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 25 April 2025 and were signed on its behalf by
B R Porter
Director
Company Registration No. 5508057
Porters Foliage Limited
Notes to the Accounts
for the year ended 31 July 2024
Porters Foliage Limited is a private company, limited by shares, registered in England and Wales, registration number 5508057. The registered office is Units A8-15 Flower Market, New Covent Garden Market, London, SW8 5EH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
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
Fixtures & fittings
25% reducing balance
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Porters Foliage Limited
Notes to the Accounts
for the year ended 31 July 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
84,570
152,459
237,029
At 31 July 2024
84,570
155,504
240,074
At 1 August 2023
43,275
120,269
163,544
Charge for the year
10,324
8,809
19,133
At 31 July 2024
53,599
129,078
182,677
At 31 July 2024
30,971
26,426
57,397
At 31 July 2023
41,295
32,190
73,485
Amounts falling due within one year
Trade debtors
155,003
159,935
Other debtors
26,812
21,954
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
75,000
75,000
Trade creditors
129,450
89,931
Taxes and social security
134,765
154,330
Other creditors
56,083
54,606
Loans from directors
5,228
285
Porters Foliage Limited
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2024
2023
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
69,928
76,702
10
Average number of employees
During the year the average number of employees was 10 (2023: 9).