IRIS Accounts Production v25.1.3.33 02451231 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024512312023-09-30024512312024-09-30024512312023-10-012024-09-30024512312022-09-30024512312022-10-012023-09-30024512312023-09-3002451231ns15:EnglandWales2023-10-012024-09-3002451231ns14:PoundSterling2023-10-012024-09-3002451231ns10:Director12023-10-012024-09-3002451231ns10:Director22023-10-012024-09-3002451231ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002451231ns10:SmallEntities2023-10-012024-09-3002451231ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3002451231ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002451231ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002451231ns10:AbridgedAccounts2023-10-012024-09-3002451231ns5:CurrentFinancialInstruments2024-09-3002451231ns5:CurrentFinancialInstruments2023-09-3002451231ns5:ShareCapital2024-09-3002451231ns5:ShareCapital2023-09-3002451231ns5:CapitalRedemptionReserve2024-09-3002451231ns5:CapitalRedemptionReserve2023-09-3002451231ns5:RetainedEarningsAccumulatedLosses2024-09-3002451231ns5:RetainedEarningsAccumulatedLosses2023-09-3002451231ns10:RegisteredOffice2023-10-012024-09-3002451231ns5:PlantMachinery2023-10-012024-09-3002451231ns10:Director222023-09-3002451231ns10:Director222022-09-3002451231ns10:Director222023-10-012024-09-3002451231ns10:Director222022-10-012023-09-3002451231ns10:Director222024-09-3002451231ns10:Director222023-09-30024512311ns10:Director12023-09-30024512311ns10:Director12022-09-30024512311ns10:Director12023-10-012024-09-30024512311ns10:Director12022-10-012023-09-30024512311ns10:Director12024-09-30024512311ns10:Director12023-09-30
REGISTERED NUMBER: 02451231 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PORTRACK SEAFREIGHT LIMITED

PORTRACK SEAFREIGHT LIMITED (REGISTERED NUMBER: 02451231)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


PORTRACK SEAFREIGHT LIMITED (REGISTERED NUMBER: 02451231)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 41,232 59,917

CURRENT ASSETS
Debtors 294,112 251,052
Cash at bank and in hand 229,736 221,279
523,848 472,331
CREDITORS
Amounts falling due within one year 228,959 206,733
NET CURRENT ASSETS 294,889 265,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,121

325,515

PROVISIONS FOR LIABILITIES 9,197 13,887
NET ASSETS 326,924 311,628

CAPITAL AND RESERVES
Called up share capital 1,750 1,750
Capital redemption reserve 5,250 5,250
Retained earnings 319,924 304,628
SHAREHOLDERS' FUNDS 326,924 311,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PORTRACK SEAFREIGHT LIMITED (REGISTERED NUMBER: 02451231)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement and an abridged Balance Sheet for the year ended 30 September 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 30 May 2025 and were signed on its behalf by:




R G Woodhouse - Director



D Woodhouse - Director


PORTRACK SEAFREIGHT LIMITED (REGISTERED NUMBER: 02451231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Portrack Seafreight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02451231

Registered office: 9 Belasis Court
Billingham
Cleveland
TS23 4AZ

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced work carried out, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost

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.

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.

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.

PORTRACK SEAFREIGHT LIMITED (REGISTERED NUMBER: 02451231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 69 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 October 2023 559,966
Additions 1,026
At 30 September 2024 560,992
DEPRECIATION
At 1 October 2023 500,049
Charge for year 19,711
At 30 September 2024 519,760
NET BOOK VALUE
At 30 September 2024 41,232
At 30 September 2023 59,917

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£ £
D Woodhouse
Balance outstanding at start of year 54 20,054
Amounts repaid - (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54 54

R G Woodhouse
Balance outstanding at start of year (1,338 ) (1,338 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,338 ) (1,338 )

6. ULTIMATE CONTROLLING PARTY

The company is under the common control of the Directors.