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REGISTERED NUMBER: 01735151 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

PORTERFORD LIMITED

PORTERFORD LIMITED (REGISTERED NUMBER: 01735151)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTERFORD LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: S Clements
W Clements





REGISTERED OFFICE: 72 Watling Street
London
EC4M 9BJ





REGISTERED NUMBER: 01735151 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

PORTERFORD LIMITED (REGISTERED NUMBER: 01735151)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 93,287 127,929
93,288 127,930

CURRENT ASSETS
Stocks 20,800 19,062
Debtors 6 66,342 109,711
Investments 7 203,200 190,716
Cash at bank and in hand 170,802 89,463
461,144 408,952
CREDITORS
Amounts falling due within one year 8 (276,715 ) (174,014 )
NET CURRENT ASSETS 184,429 234,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,717

362,868

PROVISIONS FOR LIABILITIES 10 (23,322 ) (28,885 )
NET ASSETS 254,395 333,983

CAPITAL AND RESERVES
Called up share capital 102 102
Capital redemption reserve 200 200
Retained earnings 254,093 333,681
SHAREHOLDERS' FUNDS 254,395 333,983

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

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

PORTERFORD LIMITED (REGISTERED NUMBER: 01735151)

BALANCE SHEET - continued
30 November 2024


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 Board of Directors and authorised for issue on 17 May 2025 and were signed on its behalf by:




S Clements - Director



W Clements - Director


PORTERFORD LIMITED (REGISTERED NUMBER: 01735151)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Porterford 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.

The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of fresh and cooked meat and ancillary products.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

PORTERFORD LIMITED (REGISTERED NUMBER: 01735151)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 7,000
AMORTISATION
At 1 December 2023
and 30 November 2024 6,999
NET BOOK VALUE
At 30 November 2024 1
At 30 November 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 184,192 176,853 4,414 365,459
Disposals - (41,390 ) - (41,390 )
At 30 November 2024 184,192 135,463 4,414 324,069
DEPRECIATION
At 1 December 2023 152,398 81,587 3,545 237,530
Charge for year 6,358 23,335 571 30,264
Eliminated on disposal - (37,012 ) - (37,012 )
At 30 November 2024 158,756 67,910 4,116 230,782
NET BOOK VALUE
At 30 November 2024 25,436 67,553 298 93,287
At 30 November 2023 31,794 95,266 869 127,929

PORTERFORD LIMITED (REGISTERED NUMBER: 01735151)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,928 108,829
Other debtors 5,414 882
66,342 109,711

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investment Bonds 203,200 190,716

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 181,262 107,665
Taxation and social security 77,189 49,295
Other creditors 18,264 17,054
276,715 174,014

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 319,756 400,000

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 23,322 28,885

Deferred
tax
£   
Balance at 1 December 2023 28,885
Credit to Income Statement during year (5,563 )
Balance at 30 November 2024 23,322