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Company Registration No. 06712421 (England and Wales)
Porrima Ltd Unaudited accounts for the year ended 31 October 2024
Porrima Ltd Unaudited accounts Contents
Page
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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
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Porrima Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,793 
- 
Current assets
Debtors
86,809 
252,460 
Cash at bank and in hand
18,923 
15,905 
105,732 
268,365 
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)
Net assets
958 
2,740 
Capital and reserves
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
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Porrima Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
4,190 
4,190 
At 31 October 2024
3,065 
24,140 
27,205 
Depreciation
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 
Net book value
At 31 October 2024
- 
2,793 
2,793 
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Porrima Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,569 
7,375 
Other debtors
59,240 
245,085 
86,809 
252,460 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,667 
4,391 
VAT
50,929 
52,024 
Taxes and social security
8,310 
161,605 
Accruals
15,024 
15,024 
77,930 
233,044 
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 
£ 
£ 
Bank loans
29,637 
32,581 
Creditors due after one year includes a Business Bounce Back Loan balance of £29,637.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Daniel Shapiro
DLA
76,040 
90,000 
161,300 
4,740 
David Clifford
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).
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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).
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