Acorah Software Products - Accounts Production 16.7.461 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11346691 Velocity Corporate Directors Limited Mr Michael Minett Mr Desmond Matthewman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11346691 2023-12-31 11346691 2024-12-31 11346691 2024-01-01 2024-12-31 11346691 frs-core:CurrentFinancialInstruments 2024-12-31 11346691 frs-core:Non-currentFinancialInstruments 2024-12-31 11346691 frs-core:ComputerEquipment 2024-12-31 11346691 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11346691 frs-core:ComputerEquipment 2023-12-31 11346691 frs-core:SharePremium 2024-12-31 11346691 frs-core:ShareCapital 2024-12-31 11346691 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11346691 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11346691 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11346691 frs-bus:SmallEntities 2024-01-01 2024-12-31 11346691 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11346691 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11346691 frs-core:CostValuation 2023-12-31 11346691 frs-core:CostValuation 2024-12-31 11346691 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 11346691 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 11346691 frs-bus:Director1 2024-01-01 2024-12-31 11346691 frs-bus:Director2 2024-01-01 2024-12-31 11346691 frs-bus:Director3 2024-01-01 2024-12-31 11346691 frs-countries:EnglandWales 2024-01-01 2024-12-31 11346691 2022-12-31 11346691 2023-12-31 11346691 2023-01-01 2023-12-31 11346691 frs-core:CurrentFinancialInstruments 2023-12-31 11346691 frs-core:Non-currentFinancialInstruments 2023-12-31 11346691 frs-core:SharePremium 2023-12-31 11346691 frs-core:ShareCapital 2023-12-31 11346691 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11346691
Portabl.Co Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11346691
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 5 300 300
300 300
CURRENT ASSETS
Debtors 6 377,258 315,701
Cash at bank and in hand - 123,026
377,258 438,727
Creditors: Amounts Falling Due Within One Year 7 (127,665 ) (122,864 )
NET CURRENT ASSETS (LIABILITIES) 249,593 315,863
TOTAL ASSETS LESS CURRENT LIABILITIES 249,893 316,163
Creditors: Amounts Falling Due After More Than One Year 8 (5,949 ) (10,149 )
NET ASSETS 243,944 306,014
CAPITAL AND RESERVES
Called up share capital 9 2,254 2,255
Share premium account 934,333 934,333
Profit and Loss Account (692,643 ) (630,574 )
SHAREHOLDERS' FUNDS 243,944 306,014
Page 1
Page 2
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 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 Michael Minett
Director
23 December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Portabl.Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11346691 . The registered office is Basement, 34a Hyde Park Square, London, W2 2NW.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Computer Equipment 3 year straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 1,454
As at 31 December 2024 1,454
Depreciation
As at 1 January 2024 1,454
As at 31 December 2024 1,454
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2024 300
As at 31 December 2024 300
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 300
As at 1 January 2024 300
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 187 1,773
Due after more than one year
Amounts owed by group undertakings 377,071 313,928
377,258 315,701
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,400 6,487
Bank loans and overdrafts 12,216 -
Other creditors 113,049 113,049
Taxation and social security - 3,328
127,665 122,864
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 5,949 10,149
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 187 187
Called Up Share Capital has been paid up 2,067 2,068
Amount of Allotted, Called Up Share Capital 2,254 2,255
Page 4