Company Registration No. 06712421 (England and Wales)
Porrima Ltd
Unaudited accounts
for the year ended 31 October 2024
Porrima Ltd
Unaudited accounts
Contents
Porrima Ltd
Company Information
for the year ended 31 October 2024
Directors
Daniel Shapiro
David Clifford
Company Number
06712421 (England and Wales)
Registered Office
Europa House
Barcroft Street
Bury
Lancashire
BL9 5BT
United Kingdom
Accountants
SARKS (UK) Limited
3 Hardman Street
10th Floor
Manchester
M3 3HF
Porrima Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
18,923
15,905
Creditors: amounts falling due within one year
(77,930)
(233,044)
Net current assets
27,802
35,321
Total assets less current liabilities
30,595
35,321
Creditors: amounts falling due after more than one year
(29,637)
(32,581)
Called up share capital
100
100
Profit and loss account
858
2,640
Shareholders' funds
958
2,740
For the year ending 31 October 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by
Daniel Shapiro
Director
Company Registration No. 06712421
Porrima Ltd
Notes to the Accounts
for the year ended 31 October 2024
Porrima Ltd is a private company, limited by shares, registered in England and Wales, registration number 06712421. The registered office is Europa House, Barcroft Street, Bury, Lancashire, BL9 5BT, 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.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
3,065
19,950
23,015
At 31 October 2024
3,065
24,140
27,205
At 1 November 2023
3,065
19,950
23,015
Charge for the year
-
1,397
1,397
At 31 October 2024
3,065
21,347
24,412
At 31 October 2024
-
2,793
2,793
Porrima Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
27,569
7,375
Other debtors
59,240
245,085
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,667
4,391
Taxes and social security
8,310
161,605
Included within Other Debtors: Directors Loan Account balance of £9,480 and Corporation tax recoverable assets of £49,760 available for reliefs under s.458 CTA10, subject to a claim and the usual requirements.
Included within creditors due within one year a Business Bounce Back Loan repayment of £3,667.
Included within Accruals above an amount of £14,665 accrued Directors' salary.
7
Creditors: amounts falling due after more than one year
2024
2023
Creditors due after one year includes a Business Bounce Back Loan balance of £29,637.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
DLA
76,040
90,000
161,300
4,740
DLA
76,040
90,000
161,300
4,740
152,080
180,000
322,600
9,480
The Directors Loan Account balance is shown within Other Debtors above.
HMRC Official Rate of Interest was used to calculate the interest and the loan is repayable on demand.
9
Transactions with related parties
Other than the above mentioned disclosures in the accounts re Directors dividend, accrued salaries and loan account, there are no other advances, credits and guarantees given to directors under s413 of the Companies Act 2006 (which is also required by FRS 102 paragraph 1AC.36).
Porrima Ltd
Notes to the Accounts
for the year ended 31 October 2024
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).