10 false false false false false false false false false false true false false true true true true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 721,000 451,000 270,000 270,000 51,705 50,055 1,650 1,650 xbrli:pure xbrli:shares iso4217:GBP 05210693 2023-10-01 2024-09-30 05210693 2024-09-30 05210693 2023-09-30 05210693 2022-10-01 2023-09-30 05210693 2023-09-30 05210693 2022-09-30 05210693 core:NetGoodwill 2023-10-01 2024-09-30 05210693 bus:Director2 2023-10-01 2024-09-30 05210693 core:NetGoodwill 2024-09-30 05210693 core:WithinOneYear 2024-09-30 05210693 core:WithinOneYear 2023-09-30 05210693 core:AfterOneYear 2024-09-30 05210693 core:AfterOneYear 2023-09-30 05210693 core:ShareCapital 2024-09-30 05210693 core:ShareCapital 2023-09-30 05210693 core:RetainedEarningsAccumulatedLosses 2024-09-30 05210693 core:RetainedEarningsAccumulatedLosses 2023-09-30 05210693 core:NetGoodwill 2023-09-30 05210693 bus:SmallEntities 2023-10-01 2024-09-30 05210693 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05210693 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05210693 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05210693 bus:FullAccounts 2023-10-01 2024-09-30 05210693 core:OfficeEquipment 2023-10-01 2024-09-30 05210693 core:OfficeEquipment 2024-09-30 05210693 core:OfficeEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 05210693
Porter Garland Limited
Filleted Unaudited Financial Statements
Year ended
30 September 2024
Porter Garland Limited
Financial Statements
Year ended 30 September 2024
Contents
Pages
Statement of financial position
1 to 2
Accounting policies
3 to 4
Notes to the financial statements
5 to 6
Porter Garland Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
4
270,000
270,000
Tangible assets
5
1,650
1,650
---------
---------
271,650
271,650
Current assets
Stocks
2,000
2,000
Debtors
6
296,253
268,074
Cash at bank and in hand
250,996
212,632
---------
---------
549,249
482,706
Creditors: amounts falling due within one year
7
231,086
195,086
---------
---------
Net current assets
318,163
287,620
---------
---------
Total assets less current liabilities
589,813
559,270
Creditors: amounts falling due after more than one year
8
11,720
21,568
---------
---------
Net assets
578,093
537,702
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
577,893
537,502
---------
---------
Shareholders funds
578,093
537,702
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Porter Garland Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
A.E. Williams
Director
Company registration number: 05210693
Porter Garland Limited
Accounting Policies
Year ended 30 September 2024
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss account.
Revenue recognition
Fees represent the amounts including recoverable expenses receivable for services provided during the year, net of value added tax. Fees are recognised when the right to consideration has arisen through the performance of each assignment undertaken. Consideration accrues as the assignment progresses by reference to the value of the work performed. Fees which had not been invoiced at the year end date are shown as unbilled debtors.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
In the opinion of the directors, the value of purchased goodwill is unlikely to decline below its current carrying value in the foreseeable future. No annual provision for amortisation is therefore made. Impairment reviews will be carried out at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge which indicate that the carrying value may not be recoverable.
Amortisation
In the opinion of the directors, the value of purchased goodwill is unlikely to decline below its current carrying value in the foreseeable future. No annual provision for amortisation is therefore made. Impairment reviews will be carried out at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge which indicate that the carrying value may not be recoverable.
-
no provision for amortisation is made
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Stocks
Stationery stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
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.
Porter Garland Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Communication House, Victoria Avenue, Camberley, Surrey, GU15 3HX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 10 ).
4. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
721,000
---------
Amortisation
At 1 October 2023 and 30 September 2024
451,000
---------
Carrying amount
At 30 September 2024
270,000
---------
At 30 September 2023
270,000
---------
5. Tangible assets
Equipment
£
Cost
At 1 October 2023 and 30 September 2024
51,705
--------
Depreciation
At 1 October 2023 and 30 September 2024
50,055
--------
Carrying amount
At 30 September 2024
1,650
--------
At 30 September 2023
1,650
--------
6. Debtors
2024
2023
£
£
Trade debtors
267,924
238,550
Other debtors
28,329
29,524
---------
---------
296,253
268,074
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
20,639
12,210
Social security and other taxes
186,295
154,775
Other creditors
14,152
18,101
---------
---------
231,086
195,086
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,720
21,568
--------
--------
9. Other financial commitments
The company had total guarantees and commitments at the year end of £67,518 (2023: £47,618).