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COMPANY REGISTRATION NUMBER: 01493806
Porthurst Limited
Filleted Unaudited Financial Statements
31 October 2024
Porthurst Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
£
Current assets
Stocks
1,173,214
990,808
Debtors
4
418,668
668,329
Cash at bank and in hand
84,030
7,623
------------
------------
1,675,912
1,666,760
Creditors: amounts falling due within one year
5
557,492
526,945
------------
------------
Net current assets
1,118,420
1,139,815
------------
------------
Total assets less current liabilities
1,118,420
1,139,815
Creditors: amounts falling due after more than one year
6
360,921
360,921
------------
------------
Net assets
757,499
778,894
------------
------------
Capital and reserves
Called up share capital
102
102
Profit and loss account
757,397
778,792
---------
---------
Shareholders funds
757,499
778,894
---------
---------
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 statement of comprehensive income has not been delivered.
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.
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 .
Porthurst Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 30 June 2025 , and are signed on behalf of the board by:
Mr T A Bishop
Director
Company registration number: 01493806
Porthurst Limited
Notes to the Financial Statements
Year ended 31 October 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 4 Cottles Lane, Turleigh, Bradford on Avon, Wiltshire, BA15 2HJ.
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. Accounting policies
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
2024
2023
£
£
Other debtors
418,668
668,329
---------
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,100
44,710
Corporation tax
6,843
Other creditors
547,392
475,392
---------
---------
557,492
526,945
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
360,921
360,921
---------
---------