Portal UK Automatic Door Service and Maintenance Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08461280

Portal UK Automatic Door Service and Maintenance Limited

Filleted Unaudited Financial Statements

31 March 2025

Portal UK Automatic Door Service and Maintenance Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	73,496	32,519

Current assets

Stocks		–	100,975
Debtors	6	52,209	379,700
Cash at bank and in hand		–	1,729
		--------	---------
		52,209	482,404

Creditors: amounts falling due within one year	7	250,240	600,763
		---------	---------
Net current liabilities		198,031	118,359
		---------	---------
Total assets less current liabilities		( 124,535)	( 85,840)

Creditors: amounts falling due after more than one year	8	77,256	88,985

Provisions	517	6,179
	---------	---------
Net liabilities	( 202,308)	( 181,004)
	---------	---------

Capital and reserves

Called up share capital	9	122	122
Share premium account		99,978	99,978
Profit and loss account		( 302,408)	( 281,104)
		---------	---------
Shareholders deficit		( 202,308)	( 181,004)
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Portal UK Automatic Door Service and Maintenance Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 August 2025 , and are signed on behalf of the board by:

Mr P D Ryan

Director

Company registration number: 08461280

Portal UK Automatic Door Service and Maintenance Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3b Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 19 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	5,281	19,097	48,130	72,508
Additions	–	–	61,080	61,080
Disposals	–	( 14,952)	( 16,560)	( 31,512)
	-------	--------	--------	---------
At 31 March 2025	5,281	4,145	92,650	102,076
	-------	--------	--------	---------
Depreciation
At 1 April 2024	3,970	15,551	20,468	39,989
Charge for the year	328	265	13,035	13,628
Disposals	–	( 12,462)	( 12,575)	( 25,037)
	-------	--------	--------	---------
At 31 March 2025	4,298	3,354	20,928	28,580
	-------	--------	--------	---------
Carrying amount
At 31 March 2025	983	791	71,722	73,496
	-------	--------	--------	---------
At 31 March 2024	1,311	3,546	27,662	32,519
	-------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	230,095
Prepayments and accrued income	6,847	17,209
Directors loan account	–	118,195
Other debtors	45,362	14,201
	--------	---------
	52,209	379,700
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	68,838	50,000
Trade creditors	81,966	363,464
Amounts owed to associated companies	28,122	–
Accruals and deferred income	2,500	8,375
Corporation tax	41,410	29,096
Social security and other taxes	–	22,252
Obligations under finance leases and hire purchase contracts	13,493	4,120
Other creditors	13,911	123,456
	---------	---------
	250,240	600,763
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	12,500	62,500
Obligations under finance leases and hire purchase contracts	64,756	26,485
	--------	--------
	77,256	88,985
	--------	--------

9. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
A Ordinary shares of £ 1 each	19	19	19	19
B Ordinary shares of £ 1 each	24	24	24	24
Ordinary C shares of £ 1 each	19	19	19	19
Ordinary D shares of £ 1 each	19	19	19	19
Ordinary E shares of £ 1 each	19	19	19	19
F Ordinary shares of £1 each	22	22	22	22
	----	----	----	----
	122	122	122	122
	----	----	----	----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
A Ordinary shares of £ 1 each	19	19	19	19
B Ordinary shares of £ 1 each	24	24	24	24
Ordinary C shares of £ 1 each	19	19	19	19
Ordinary D shares of £ 1 each	19	19	19	19
Ordinary E shares of £ 1 each	19	19	19	19
F Ordinary shares of £1 each	22	22	22	22
	----	----	----	----
	122	122	122	122
	----	----	----	----

10. Directors' advances, credits and guarantees

J Barnett At the end of the prior period, J Barnett had an overdrawn director's loan account balance of £36,059. This was repaid in full on the 31 March 2025, and the balance at the year end date is £nil. J Boot At the end of the prior period, J Boot had an overdrawn director's loan account balance of £36,877. This was repaid in full on the 31 March 2025, and the balance at the year end date is £nil. N Brown At the end of the prior period, N Brown had an overdrawn director's loan account balance of £8,492. This was repaid in full on the 31 March 2025, and the balance at the year end date is £nil. S Button At the end of the prior period, S Button had an overdrawn director's loan account balance of £36,768. This was repaid in full on the 31 March 2025, and the balance at the year end date is £nil.

11. Related party transactions

Alimet Fabrications Limited During the year the company received net purchases of £17,874 from Alimet Fabrications Limited, a company with common directors. At the year end there was a balance of £37,198 included with trade creditors due to the company. Automatic Access Limited During the year the company made net sales of £355,148 and received net purchases of £147,607 from Automatic Access Limited, an associated company with common directors. At the year end there was a balance of £28,122 included within amounts due to associated companies. Locks & Fittings Limited During the year the company made net sales of £27,193 and received net purchases of £5,747 from Locks & Fittings Limited, a company with common beneficial owners. There are no outstanding balances due to or from the company at the year end. P D Ryan Limited During the year there were no sales or purchases to P D Ryan Limited, a company with common directors. At the year end there was a balance of £11,720 included within trade creditors due to the company. Strand Hardware Limited During the year the company received net purchases of £108,679 from Strand Hardware Limited, a company with common beneficial owners. At the year end there was a balance of £4,420 included within trade creditors due to the company.