Company Registration No. 09364592 (England and Wales)
Port Side Solutions Ltd
Unaudited accounts
for the year ended 31 December 2024
Port Side Solutions Ltd
Unaudited accounts
Contents
Port Side Solutions Ltd
Company Information
for the year ended 31 December 2024
Company Number
09364592 (England and Wales)
Registered Office
Epsilon House
West Road
Ipswich
Suuffolk
IP3 9FJ
Accountants
Pro Tax Accounting
The Colchester Centre
Hawkins Road
Colchester
Essex
CO2 8JX
Port Side Solutions Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
10,715
12,734
Cash at bank and in hand
6,495
15,166
Creditors: amounts falling due within one year
(434,971)
(237,888)
Net current assets
97,320
10,659
Total assets less current liabilities
108,035
23,393
Creditors: amounts falling due after more than one year
(48,356)
(23,188)
Called up share capital
1
1
Profit and loss account
59,678
204
Shareholders' funds
59,679
205
For the year ending 31 December 2024 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 18 December 2025 and were signed on its behalf by
Mr A J Blackman
Director
Company Registration No. 09364592
Port Side Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2024
Port Side Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09364592. The registered office is Epsilon House, West Road, Ipswich, Suuffolk, IP3 9FJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
33% reducing balance basis
Fixtures & fittings
15% reducing balance basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
9,436
20,899
30,335
At 31 December 2024
9,436
20,899
30,335
At 1 January 2024
8,833
8,768
17,601
Charge for the year
199
1,820
2,019
At 31 December 2024
9,032
10,588
19,620
At 31 December 2024
404
10,311
10,715
At 31 December 2023
603
12,131
12,734
Port Side Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
513,206
212,155
Other debtors
12,590
21,226
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
241,405
140,237
Trade creditors
71,433
12,496
Taxes and social security
62,186
23,535
Other creditors
4,578
6,251
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).