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Company Registration No. 12698767 (England and Wales)
Portland Grey Limited Unaudited accounts for the year ended 31 October 2024
Portland Grey Limited Unaudited accounts Contents
Page
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Portland Grey Limited Company Information for the year ended 31 October 2024
Directors
Jayne Taylor Peter Townsend
Company Number
12698767 (England and Wales)
Registered Office
4 Portland Close Mickleover Derby Derbyshire DE3 9BQ
Accountants
DWP Financial Solutions 61a Springfield Rd Repton Derby Derbyshire DE65 6GP
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Portland Grey Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,645 
3,756 
Current assets
Debtors
49,953 
32,290 
Cash at bank and in hand
54,505 
59,974 
104,458 
92,264 
Creditors: amounts falling due within one year
(37,902)
(35,185)
Net current assets
66,556 
57,079 
Net assets
72,201 
60,835 
Capital and reserves
Called up share capital
100 
1 
Profit and loss account
72,101 
60,834 
Shareholders' funds
72,201 
60,835 
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 27 July 2025 and were signed on its behalf by
Peter Townsend Director Company Registration No. 12698767
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Portland Grey Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Portland Grey Limited is a private company, limited by shares, registered in England and Wales, registration number 12698767. The registered office is 4 Portland Close, Mickleover, Derby, Derbyshire, DE3 9BQ.
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:
Fixtures & fittings
15%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
6,339 
Additions
2,885 
At 31 October 2024
9,224 
Depreciation
At 1 November 2023
2,583 
Charge for the year
996 
At 31 October 2024
3,579 
Net book value
At 31 October 2024
5,645 
At 31 October 2023
3,756 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,564 
25,415 
Accrued income and prepayments
5,389 
6,875 
49,953 
32,290 
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Portland Grey Limited Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
9,566 
6,240 
Taxes and social security
22,313 
20,343 
Loans from directors
273 
2,852 
Accruals
5,750 
5,750 
37,902 
35,185 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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