IRIS Accounts Production v25.1.0.734 03419968 director 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034199682024-01-31034199682025-01-31034199682024-02-012025-01-31034199682023-01-31034199682023-02-012024-01-31034199682024-01-3103419968ns15:EnglandWales2024-02-012025-01-3103419968ns14:PoundSterling2024-02-012025-01-3103419968ns10:Director12024-02-012025-01-3103419968ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3103419968ns10:SmallEntities2024-02-012025-01-3103419968ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3103419968ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3103419968ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3103419968ns10:FullAccounts2024-02-012025-01-3103419968ns10:OrdinaryShareClass12024-02-012025-01-3103419968ns10:RegisteredOffice2024-02-012025-01-3103419968ns5:CurrentFinancialInstruments2025-01-3103419968ns5:CurrentFinancialInstruments2024-01-3103419968ns5:ShareCapital2025-01-3103419968ns5:ShareCapital2024-01-3103419968ns5:RetainedEarningsAccumulatedLosses2025-01-3103419968ns5:RetainedEarningsAccumulatedLosses2024-01-3103419968ns5:FurnitureFittings2024-02-012025-01-3103419968ns5:ComputerEquipment2024-02-012025-01-3103419968ns5:FurnitureFittings2024-01-3103419968ns5:ComputerEquipment2024-01-3103419968ns5:FurnitureFittings2025-01-3103419968ns5:ComputerEquipment2025-01-3103419968ns5:FurnitureFittings2024-01-3103419968ns5:ComputerEquipment2024-01-3103419968ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3103419968ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103419968ns5:DeferredTaxation2024-01-3103419968ns5:DeferredTaxation2024-02-012025-01-3103419968ns5:DeferredTaxation2025-01-3103419968ns10:OrdinaryShareClass12025-01-3103419968ns5:RetainedEarningsAccumulatedLosses2024-01-3103419968ns5:RetainedEarningsAccumulatedLosses2024-02-012025-01-31
REGISTERED NUMBER: 03419968 (England and Wales)










Financial Statements

for the Year Ended 31 January 2025

for

Portology Limited

Portology Limited (Registered number: 03419968)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Portology Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Mr J C Leigh





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2JR





REGISTERED NUMBER: 03419968 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Portology Limited (Registered number: 03419968)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 809 1,492

CURRENT ASSETS
Debtors 5 707 69
Cash at bank and in hand 175 8,557
882 8,626
CREDITORS
Amounts falling due within one year 6 (9,969 ) (9,347 )
NET CURRENT LIABILITIES (9,087 ) (721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,278

)

771

PROVISIONS FOR LIABILITIES 7 (154 ) (283 )
NET (LIABILITIES)/ASSETS (8,432 ) 488

CAPITAL AND RESERVES
Called up share capital 8 80 80
Retained earnings 9 (8,512 ) 408
SHAREHOLDERS' FUNDS (8,432 ) 488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Portology Limited (Registered number: 03419968)

Balance Sheet - continued
31 January 2025


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 director and authorised for issue on 22 May 2025 and were signed by:





Mr J C Leigh - Director


Portology Limited (Registered number: 03419968)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Portology 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2024 9,246 3,913 13,159
Disposals - (1,354 ) (1,354 )
At 31 January 2025 9,246 2,559 11,805
DEPRECIATION
At 1 February 2024 9,035 2,632 11,667
Charge for year 42 641 683
Eliminated on disposal - (1,354 ) (1,354 )
At 31 January 2025 9,077 1,919 10,996
NET BOOK VALUE
At 31 January 2025 169 640 809
At 31 January 2024 211 1,281 1,492

Portology Limited (Registered number: 03419968)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 87 -
Tax 551 -
Prepayments 69 69
707 69

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,234 2,155
Corporation tax - 551
Social security and other tax 3,736 3,760
Other creditors 2,048 -
Director's current account 1,524 1,610
Accrued expenses 1,427 1,271
9,969 9,347

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 154 283

Deferred
tax
£   
Balance at 1 February 2024 283
Provided during year (129 )
Balance at 31 January 2025 154

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
80,000 Ordinary .001 80 80

Portology Limited (Registered number: 03419968)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. RESERVES
Retained
earnings
£   

At 1 February 2024 408
Deficit for the year (8,920 )
At 31 January 2025 (8,512 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Company owed the director £1,524 at 31st January 2025 (2024 - £1,610).

11. RELATED PARTY DISCLOSURES

No dividends were declared to TGJL Limited throughout the year ended 31st January 2025 (2024 - £3,438), a Company in which Mr J C Leigh is the director and sole shareholder.