Portland Electrical and Mechanical Services Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Portland Electrical and Mechanical Services Limited for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Portland Electrical and Mechanical Services Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Portland Electrical and Mechanical Services Limited , as a body, in accordance with the terms of our engagement letter dated 11 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of Portland Electrical and Mechanical Services Limited and state those matters that we have agreed to state to the directors of Portland Electrical and Mechanical Services Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portland Electrical and Mechanical Services Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Portland Electrical and Mechanical Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Portland Electrical and Mechanical Services Limited . You consider that Portland Electrical and Mechanical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Portland Electrical and Mechanical Services Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

3rd December 2025

Ascendis Group

Chartered Certified Accountants, Taxation and Business Advisors

Unit 3, Building 2, The Colony Wilmslow

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

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Portland Electrical and Mechanical Services Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 13538607

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		88,494		104,684

			88,494		104,684
CURRENT ASSETS
Stocks	5	179,141		179,141
Debtors	6	232,745		345,909
Cash at bank and in hand		69,830		43,360

		481,716		568,410
Creditors: Amounts Falling Due Within One Year	7	(197,088 )		(267,701 )

NET CURRENT ASSETS (LIABILITIES)			284,628		300,709

TOTAL ASSETS LESS CURRENT LIABILITIES			373,122		405,393

Creditors: Amounts Falling Due After More Than One Year	8		(162,404 )		(174,530 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(22,123 )		(26,171 )

NET ASSETS			188,595		204,692

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			188,495		204,592

SHAREHOLDERS' FUNDS			188,595		204,692

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Portland Electrical and Mechanical Services Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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

Mr Steven Bailey

Director

3rd December 2025

The notes on pages 4 to 7 form part of these financial statements.

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Portland Electrical and Mechanical Services Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Portland Electrical and Mechanical Services Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number 13538607 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY. The principal place of trade address is Portland House, Wilmslow Road, Alderley Edge, Cheshire, SK9 7QL.

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 includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	25% Straight Line Method
Motor Vehicles	25% Straight Line Method
Fixtures & Fittings	25% Straight Line Method
Computer Equipment	33.33% Straight Line Method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Portland Electrical and Mechanical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	-	125,919	1,660	5,178	132,757
Additions	5,079	12,995	-	985	19,059

As at 31 March 2025	5,079	138,914	1,660	6,163	151,816

Depreciation
As at 1 April 2024	-	24,340	663	3,070	28,073
Provided during the period	365	32,699	415	1,770	35,249

As at 31 March 2025	365	57,039	1,078	4,840	63,322

Net Book Value
As at 31 March 2025	4,714	81,875	582	1,323	88,494

As at 1 April 2024	-	101,579	997	2,108	104,684

5. Stocks

	2025	2024
	£	£
Stock	179,141	179,141

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Portland Electrical and Mechanical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	91,573	22,387
Other debtors	141,172	323,522

	232,745	345,909

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	77,278	118,479
Trade creditors	70,536	46,935
Amounts owed to group undertakings	1,740	-
Other creditors	8,379	37,786
Taxation and social security	39,155	64,501

	197,088	267,701

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	162,404	174,530

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	77,278	118,479
Later than one year and not later than five years	162,404	174,530

	239,682	293,009

	239,682	293,009

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	26,171	26,171
Reversals	(4,048 )	(4,048)

Balance at 31 March 2025	22,123	22,123

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Portland Electrical and Mechanical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
50 Ordinary A shares of £ 1 each	50	50
50 Ordinary B shares of £ 1 each	50	50

	100	100

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