REGISTERED NUMBER: 09389381 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PORTAL DEVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M G Roberts

REGISTERED OFFICE:

Sussex Innovation Centre Science Park Sq

Falmer

Brighton

East Sussex

BN1 9SB

REGISTERED NUMBER:

09389381 (England and Wales)

ACCOUNTANTS:

Aequitas Limited

Sussex Barn

New Road

Hellingly

Hailsham

East Sussex

BN27 4EW

FIXED ASSETS

Tangible assets

4

699

880

CURRENT ASSETS

Stocks

20,909

-

Debtors

5

84,053

202,965

Cash at bank

-

94,889

104,962

297,854

CREDITORS

Amounts falling due within one year

6

82,132

264,350

NET CURRENT ASSETS

22,830

33,504

TOTAL ASSETS LESS CURRENT LIABILITIES

23,529

34,384

CREDITORS

Amounts falling due after more than one year

7

(22,576

)

(33,483

)

PROVISIONS FOR LIABILITIES

(133

)

(220

)

NET ASSETS

820

681

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

819

680

820

681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 October 2025 and were signed by:

M G Roberts - Director

1.	STATUTORY INFORMATION

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

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 etc

-

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 Income Statement, 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 AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

15,547

Additions

750

At 31 January 2025

16,297

DEPRECIATION

At 1 February 2024

14,667

Charge for year

931

At 31 January 2025

15,598

NET BOOK VALUE

At 31 January 2025

699

At 31 January 2024

880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

32,182

150,028

Other debtors

51,871

52,937

84,053

202,965

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

23,128

16,855

Trade creditors

46,353

9,384

Taxation and social security

690

15,007

Other creditors

11,961

223,104

82,132

264,350

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

22,576

33,483

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

M G Roberts

Balance outstanding at start of year

27,571

8,538

Amounts advanced

39,965

19,033

Amounts repaid

(27,571

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,965

27,571

The loan advanced to M Roberts was at NIL rate of interest and was repaid within 9 months of the year end.