Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 06803729 Ms Joanna Israelsohn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06803729 2024-01-31 06803729 2025-01-31 06803729 2024-02-01 2025-01-31 06803729 frs-core:CurrentFinancialInstruments 2025-01-31 06803729 frs-core:ComputerEquipment 2025-01-31 06803729 frs-core:ComputerEquipment 2024-02-01 2025-01-31 06803729 frs-core:ComputerEquipment 2024-01-31 06803729 frs-core:FurnitureFittings 2025-01-31 06803729 frs-core:FurnitureFittings 2024-02-01 2025-01-31 06803729 frs-core:FurnitureFittings 2024-01-31 06803729 frs-core:CapitalRedemptionReserve 2025-01-31 06803729 frs-core:ShareCapital 2025-01-31 06803729 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 06803729 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06803729 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 06803729 frs-bus:SmallEntities 2024-02-01 2025-01-31 06803729 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 06803729 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06803729 frs-bus:Director1 2024-02-01 2025-01-31 06803729 frs-countries:EnglandWales 2024-02-01 2025-01-31 06803729 2023-01-31 06803729 2024-01-31 06803729 2023-02-01 2024-01-31 06803729 frs-core:CurrentFinancialInstruments 2024-01-31 06803729 frs-core:CapitalRedemptionReserve 2024-01-31 06803729 frs-core:ShareCapital 2024-01-31 06803729 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 06803729
Portrait Communications Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Portrait Communications Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Portrait Communications Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 06803729

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 13,129 |  | 10,211
|  |  | 13,129 |  | 10,211
CURRENT ASSETS
Debtors | 5 | 31,717 |  | 58,200 |
Cash at bank and in hand |  | 55,422 |  | 119,098 |
|  | 87,139 |  | 177,298 |
Creditors: Amounts Falling Due Within One Year | 6 | (52,053 ) |  | (68,416 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 35,086 |  | 108,882
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 48,215 |  | 119,093
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (3,200 ) |  | (1,940 )
NET ASSETS |  |  | 45,015 |  | 117,153
CAPITAL AND RESERVES
Called up share capital | 7 |  | 65 |  | 100
Capital redemption reserve |  |  | 35 |  | -
Profit and Loss Account |  |  | 44,915 |  | 117,053
SHAREHOLDERS' FUNDS |  |  | 45,015 |  | 117,153

Page 1
Page 2
Portrait Communications Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Ms Joanna Israelsohn Director
08/10/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Portrait Communications Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Portrait Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06803729 . The registered office is 3.05 Grand Union Studios, 332 Ladbroke Grove, London, W10 5AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services inclusive of direct expenses incurred on client deliverables.
Where the outcome of a project can be estimated reliably and the revenue associated with the project can be estimated reliably, the project revenue is recognised in the profit and loss account by reference to the stage of completion at the balance sheet date, if the right to the consideration has been obtained through performance.
Factors taken into account in assessing the percentage completion of a project include, hours worked against expected hours, project phases, milestones or deliverables completed.
Consideration accrues as project activity progresses by reference to the value of work performed. Where the value of consideration exceeds the amount invoiced, this is recognised as accrued income within debtors. Where the amount invoiced exceeds the value of project work performed the excess is recognised as deferred income within creditors. If the right to consideration is conditional or contingent on a specified future event or outcome, the occurrence of which is outside the Company's control, turnover is not recognised until that critical event occurs.
When services are performed by an indeterminate number of acts over a specified period of time, revenue is recognised on a straight-line basis over the specified period unless there is evidence that some other method better represents the stage of completion
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% Reducing balance method
Computer Equipment | 25% Reducing balance method

2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Portrait Communications Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 7)
6 7
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2024 | 13,892 | 30,121 | 44,013
Additions | 4,486 | 2,779 | 7,265
As at 31 January 2025 | 18,378 | 32,900 | 51,278
Depreciation
As at 1 February 2024 | 11,461 | 22,341 | 33,802
Provided during the period | 1,672 | 2,675 | 4,347
As at 31 January 2025 | 13,133 | 25,016 | 38,149
Net Book Value
As at 31 January 2025 | 5,245 | 7,884 | 13,129
As at 1 February 2024 | 2,431 | 7,780 | 10,211

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 19,470 |  | 31,832
Other debtors | 12,247 |  | 26,368
| 31,717 |  | 58,200

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 8,393 |  | 4,946
Other creditors | 26,534 |  | 30,906
Taxation and social security | 17,126 |  | 32,564
| 52,053 |  | 68,416

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 65 |  | 100

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