Registered number
04977256
PORTICO PUBLISHING LIMITED
Filleted Accounts
31 January 2025
PORTICO PUBLISHING LIMITED
Registered number: 04977256
Balance Sheet
as at 31 January 2025
Notes 2025 2024
Fixed assets
Tangible assets 3 2,165 2,545
Current assets
Stocks 4,846 -
Debtors 4 75,552 74,468
Cash at bank and in hand 21,155 31,753
101,553 106,221
Creditors: amounts falling due within one year 5 (74,181) (64,526)
Net current assets 27,372 41,695
Total assets less current liabilities 29,537 44,240
Creditors: amounts falling due after more than one year 6 (15,582) (14,962)
Provisions for liabilities (412) (484)
Net assets 13,543 28,794
Capital and reserves
Called up share capital 6 6
Profit and loss account 13,537 28,788
Shareholder's funds 13,543 28,794
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T D Wade
Director
Approved by the board on 8 September 2025
PORTICO PUBLISHING LIMITED
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Office equipment
Cost
At 1 February 2024 4,091
At 31 January 2025 4,091
Depreciation
At 1 February 2024 1,546
Charge for the year 380
At 31 January 2025 1,926
Net book value
At 31 January 2025 2,165
At 31 January 2024 2,545
4 Debtors 2025 2024
Trade debtors 18,087 23,735
Other debtors 57,465 50,733
75,552 74,468
5 Creditors: amounts falling due within one year 2025 2024
Bank loans and overdrafts 6,425 10,286
Factoring loan 11,387 -
Trade creditors 16,799 8,655
Taxation and social security costs 2,312 5,401
Other creditors 37,258 40,184
74,181 64,526
6 Creditors: amounts falling due after one year 2025 2024
Bank loans 15,582 14,962
7 Loans 2025 2024
Creditors include:
Secured factoring loan 11,387 -
The factoring loan is secured on certain of the company's trade debtors.
8 Related party transactions
Included in debtors is a loan to a related company and the amount outstanding at 31st January 2025 is £53,508 (2024 : £50,249). Interest is being charged on the loan at 6.3%.
9 Controlling party
T D Wade, who owns 100% of the issued share capital, is considered to be the controlling party.
10 Other information
PORTICO PUBLISHING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
52 Doncaster Road
Harlington
Doncaster
DN5 7JB
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