Portfolio Kitchens And Bathrooms Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09697329

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		41,251		46,032

			41,251		46,032
CURRENT ASSETS
Stocks	5	145,793		34,671
Debtors	6	108,059		179,500

		253,852		214,171
Creditors: Amounts Falling Due Within One Year	7	(247,610 )		(169,024 )

NET CURRENT ASSETS (LIABILITIES)			6,242		45,147

TOTAL ASSETS LESS CURRENT LIABILITIES			47,493		91,179

Creditors: Amounts Falling Due After More Than One Year	8		-		(8,773 )

NET ASSETS			47,493		82,406

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			47,483		82,396

SHAREHOLDERS' FUNDS			47,493		82,406

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Portfolio Kitchens And Bathrooms Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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 Robert Greenhalgh

Director

27/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Portfolio Kitchens And Bathrooms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09697329 . The registered office is 35 Stamford New Road, Altrincham, Cheshire, WA14 1EB.

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:

Plant & Machinery	20% on Reducing balance
Fixtures & Fittings	15% on Reducing balance
Computer Equipment	33% on Cost

2.4. 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.

2.5. 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.

...CONTINUED

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Portfolio Kitchens And Bathrooms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Taxation - continued

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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 4 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2024	65,366	-	12,293	77,659
Additions	51,132	441	-	51,573
Disposals	(65,366 )	-	-	(65,366 )

As at 31 July 2025	51,132	441	12,293	63,866

Depreciation
As at 1 August 2024	19,771	-	11,856	31,627
Provided during the period	10,256	66	437	10,759
Disposals	(19,771 )	-	-	(19,771 )

As at 31 July 2025	10,256	66	12,293	22,615

Net Book Value
As at 31 July 2025	40,876	375	-	41,251

As at 1 August 2024	45,595	-	437	46,032

5. Stocks

	2025	2024
	£	£
Materials	145,793	34,671

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	26,744	(1,070 )
Other debtors	81,315	180,570

	108,059	179,500

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Portfolio Kitchens And Bathrooms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	112,217	7,781
Bank loans and overdrafts	34,691	34,305
Other loans	4,040	18,891
Other Loan_IWOCA	9,124	21,893
Other creditors	4,396	20,714
Taxation and social security	83,142	65,440

	247,610	169,024

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

	2025	2024
	£	£
Bank loans	-	8,773

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr Robert Greenhalgh	41,278	97,996	(93,458 )	-	45,816
Mr Keith Hardwidge	16,292	11,698	(6,500 )	-	21,490

The above loan is unsecured and repayable on demand.

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