REGISTERED NUMBER: 02480724 (England and Wales)

The Portland Dyeing Company Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Vigorito

Mrs D Vigorito-Presti

REGISTERED OFFICE:

Unit 2a Churnet Works

James Brindley Road

Leek

Staffordshire

ST13 8YH

REGISTERED NUMBER:

02480724 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Tangible assets

4

12,609

2,818

CURRENT ASSETS

Stocks

108,866

49,772

Debtors

5

275,162

180,933

Cash at bank and in hand

328,493

378,634

712,521

609,339

CREDITORS

Amounts falling due within one year

6

137,232

70,508

NET CURRENT ASSETS

575,289

538,831

TOTAL ASSETS LESS CURRENT LIABILITIES

587,898

541,649

CREDITORS

Amounts falling due after more than one year

7

(20,704

)

(31,571

)

PROVISIONS FOR LIABILITIES

(3,010

)

(535

)

NET ASSETS

564,184

509,543

CAPITAL AND RESERVES

Called up share capital

82

100

Share premium

7,475

7,475

Capital redemption reserve

18

-

Retained earnings

556,609

501,968

564,184

509,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:

Mrs D Vigorito-Presti - Director

1.	STATUTORY INFORMATION

The Portland Dyeing Company 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.

Turnover

Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

8,096

74,742

-

2,123

84,961

Additions

-

-

13,995

-

13,995

At 31 March 2025

8,096

74,742

13,995

2,123

98,956

DEPRECIATION

At 1 April 2024

5,812

74,742

-

1,589

82,143

Charge for year

571

-

3,499

134

4,204

At 31 March 2025

6,383

74,742

3,499

1,723

86,347

NET BOOK VALUE

At 31 March 2025

1,713

-

10,496

400

12,609

At 31 March 2024

2,284

-

-

534

2,818

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

186,859

145,663

Other debtors

88,303

35,270

275,162

180,933

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

65,321

36,188

Taxation and social security

48,067

16,449

Other creditors

23,844

17,871

137,232

70,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

20,704

31,571

8.	RELATED PARTY DISCLOSURES

The company hires plant and machinery from Total Fabric Solutions Ltd, a company in which Mr G Vigorito is a director. The amount paid in the year was £76,800 ( £90,297 in year ended 31 March 2024)