Portico Stone Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07906185

Portico Stone Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Portico Stone Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		–	241

Current assets

Debtors	6	136,443	98,953
Cash at bank and in hand		230,283	106,628
		---------	---------
		366,726	205,581

Creditors: amounts falling due within one year	7	270,083		171,096
		---------		---------
Net current assets			96,643	34,485
			--------	--------
Total assets less current liabilities			96,643	34,726

Creditors: amounts falling due after more than one year	8	6,160	16,514
		--------	--------
Net assets		90,483	18,212
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	90,383	18,112
	--------	--------
Shareholder funds	90,483	18,212
	--------	--------

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 income and retained earnings 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.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Portico Stone Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

G C Williams
Director

Company registration number: 07906185

Portico Stone 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 Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered during the year, stated net of discounts and of value added tax.

Taxation

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 that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

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

Plant and machinery	-	20% straight line
Motor vehicles	-	20% straight line
Office equipment	-	20% straight line

Defined contribution plans

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	19,534	22,924	1,306	43,764
	--------	--------	-------	--------
Depreciation
At 1 April 2024	19,293	22,924	1,306	43,523
Charge for the year	241	–	–	241
	--------	--------	-------	--------
At 31 March 2025	19,534	22,924	1,306	43,764
	--------	--------	-------	--------
Carrying amount
At 31 March 2025	–	–	–	–
	--------	--------	-------	--------
At 31 March 2024	241	–	–	241
	--------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	31,491	–
Other debtors	104,952	98,953
	---------	--------
	136,443	98,953
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,354	10,098
Trade creditors	14,322	–
Social security and other taxes	100,228	43,981
Other creditors	145,179	117,017
	---------	---------
	270,083	171,096
	---------	---------

Included within bank loans and overdrafts is a bank loan of £10,354 (2024: £10,098) which has been provided to the company under the Bounce Back Loan Scheme.

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

	2025	2024
	£	£
Bank loans and overdrafts	6,160	16,514
	-------	--------

Included within bank loans and overdrafts is a bank loan of £6,160 (2024: £16,514) which has been provided to the company under the Bounce Back Loan Scheme.

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in debtors (note 6)	3,505	3,668
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Decelerated capital allowances	( 3,505)	( 3,668)
	-------	-------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	2,598	6,443
	-------	-------

11. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
G C Williams	61,223	96,684	( 100,000)	57,907
	--------	--------	---------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
G C Williams	71,816	( 10,593)	–	61,223
	--------	--------	----	--------

Annual interest at a rate of 2.25% was charged to the director's loan account during periods when the loan account was overdrawn. This loan is unsecured and repayable on demand.

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Portico Stone Developments Limited	17,918	–	17,918	–
	--------	----	--------	----

G C Williams is the sole director and majority shareholder of Portico Stone Developments Limited (CRN:13861052).