REGISTERED NUMBER: 02312282 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PORTER TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Bartholomew

Mrs D M Bartholomew

REGISTERED OFFICE:

Unit 5

104 Fitzwalter Road

Sheffield

South Yorkshire

S2 2SP

REGISTERED NUMBER:

02312282 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

187,046

109,778

187,046

109,778

CURRENT ASSETS

Stocks

53,634

51,726

Debtors

6

530,145

444,078

Cash at bank and in hand

101,384

158,711

685,163

654,515

CREDITORS

Amounts falling due within one year

7

444,182

328,532

NET CURRENT ASSETS

240,981

325,983

TOTAL ASSETS LESS CURRENT LIABILITIES

428,027

435,761

CREDITORS

Amounts falling due after more than one year

8

(8,333

)

(33,310

)

PROVISIONS FOR LIABILITIES

(46,762

)

(27,444

)

NET ASSETS

372,932

375,007

CAPITAL AND RESERVES

Called up share capital

5,250

5,250

Retained earnings

367,682

369,757

SHAREHOLDERS' FUNDS

372,932

375,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J P Bartholomew - Director

1.	STATUTORY INFORMATION

Porter Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of three years.

Franchise fee

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

16.67% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.

EMPLOYEES

The average number of employees during the year was 9 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

28,811

22,500

51,311

AMORTISATION

At 1 January 2024

and 31 December 2024

28,811

22,500

51,311

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

20,165

45,748

249,892

25,154

340,959

Additions

-

8,960

109,425

-

118,385

At 31 December 2024

20,165

54,708

359,317

25,154

459,344

DEPRECIATION

At 1 January 2024

20,165

39,416

151,289

20,311

231,181

Charge for year

-

2,165

38,384

568

41,117

At 31 December 2024

20,165

41,581

189,673

20,879

272,298

NET BOOK VALUE

At 31 December 2024

-

13,127

169,644

4,275

187,046

At 31 December 2023

-

6,332

98,603

4,843

109,778

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

274,947

231,870

Amounts owed by group undertakings

131,637

131,637

Other debtors

123,561

80,571

530,145

444,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

20,000

20,000

Hire purchase contracts

4,977

11,946

Trade creditors

212,104

90,569

Taxation and social security

26,210

55,821

Other creditors

180,891

150,196

444,182

328,532

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,333

28,333

Hire purchase contracts

-

4,977

8,333

33,310

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

28,333

48,333