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Company Registration No. 09992155 (England and Wales)
PortMap Ltd Filleted accounts for the year ended 28 February 2025
PortMap Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PortMap Ltd Company Information for the year ended 28 February 2025
Director
Sajad Ghafoor
Company Number
09992155 (England and Wales)
Registered Office
5 Bromham Road Biddenham Bedford MK40 4AF
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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PortMap Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
40,060
50,075
Investment property
5
6,041
6,041
46,101
56,116
Current assets
Cash at bank and in hand
30,632
18,800
Creditors: amounts falling due within one year
6
(7,760)
(3,324)
Net current assets
22,872
15,476
Total assets less current liabilities
68,973
71,592
Creditors: amounts falling due after more than one year
7
(28,764)
(30,821)
Net assets
40,209
40,771
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
40,109
40,671
Shareholders' funds
40,209
40,771
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2025 and were signed on its behalf by
Sajad Ghafoor Director Company Registration No. 09992155
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PortMap Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
PortMap Ltd is a private company, limited by shares, registered in England and Wales, registration number 09992155. The registered office is 5 Bromham Road, Biddenham, Bedford, MK40 4AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PortMap Ltd Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 March 2024
50,075
At 28 February 2025
50,075
Depreciation
Charge for the year
10,015
At 28 February 2025
10,015
Net book value
At 28 February 2025
40,060
At 29 February 2024
50,075
5
Investment property
2025
£
Fair value at 1 March 2024
6,041
At 28 February 2025
6,041
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
2,056
2,056
Loans from directors
5,208
772
Accruals
496
496
7,760
3,324
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
28,764
30,821
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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