Company Registration No. 04422965 (England and Wales)
Port Accounting Services Ltd
Unaudited accounts
for the year ended 31 March 2025
Port Accounting Services Ltd
Unaudited accounts
Contents
Port Accounting Services Ltd
Company Information
for the year ended 31 March 2025
Director
Richard Louis Port
Company Number
04422965 (England and Wales)
Registered Office
Suite A, Unit 7, Bridge View Park
Henry Boot Way
Hull
HU4 7DW
United Kingdom
Port Accounting Services Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
3,968
43,230
Cash at bank and in hand
1,853
7,547
Creditors: amounts falling due within one year
(70,599)
(110,798)
Net current assets/(liabilities)
11,974
(5,049)
Total assets less current liabilities
15,942
38,181
Creditors: amounts falling due after more than one year
(1,167)
(15,167)
Called up share capital
100
100
Profit and loss account
14,675
22,914
Shareholders' funds
14,775
23,014
For the year ending 31 March 2025 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 27 April 2025 and were signed on its behalf by
Richard Louis Port
Director
Company Registration No. 04422965
Port Accounting Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
Port Accounting Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 04422965. The registered office is Suite A, Unit 7, Bridge View Park, Henry Boot Way, Hull, HU4 7DW, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing Balance
Plant & machinery
25% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Port Accounting Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
10,425
1,168
74,101
5,746
16,330
107,770
Disposals
-
-
(74,101)
-
-
(74,101)
At 31 March 2025
10,425
1,168
-
5,746
16,330
33,669
At 1 April 2024
8,159
828
36,161
5,067
14,325
64,540
Charge for the year
566
85
9,420
170
501
10,742
On disposals
-
-
(45,581)
-
-
(45,581)
At 31 March 2025
8,725
913
-
5,237
14,826
29,701
At 31 March 2025
1,700
255
-
509
1,504
3,968
At 31 March 2024
2,266
340
37,940
679
2,005
43,230
Amounts falling due within one year
Trade debtors
9,427
62,035
Amounts due from group undertakings etc.
71,293
36,167
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
14,000
17,248
Obligations under finance leases and hire purchase contracts
-
42,029
Amounts owed to group undertakings and other participating interests
27,558
9,405
Taxes and social security
3,445
331
Loans from directors
18,137
-
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Port Accounting Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).