REGISTERED NUMBER: 06655392 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Portico Designs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Harrison

Ms C Czul

REGISTERED OFFICE:

6 Kingsmead Square

Bath

BA1 2AB

REGISTERED NUMBER:

06655392 (England and Wales)

FIXED ASSETS

Tangible assets

4

43,152

52,914

CURRENT ASSETS

Stocks

396,804

459,476

Debtors

5

2,101,891

1,393,957

Cash at bank

344,906

153,873

2,843,601

2,007,306

CREDITORS

Amounts falling due within one year

6

1,799,007

1,631,427

NET CURRENT ASSETS

1,044,594

375,879

TOTAL ASSETS LESS CURRENT LIABILITIES

1,087,746

428,793

CREDITORS

Amounts falling due after more than one year

7

7,873

24,204

NET ASSETS

1,079,873

404,589

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,079,773

404,489

SHAREHOLDERS' FUNDS

1,079,873

404,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

S R Harrison - Director

1.	STATUTORY INFORMATION

Portico Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

10% on cost

Computer equipment

-

33% on straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

3,090

51,990

14,677

69,757

Additions

-

-

1,986

1,986

Disposals

(3,090

)

-

(1

)

(3,091

)

At 31 December 2025

-

51,990

16,662

68,652

DEPRECIATION

At 1 January 2025

3,090

8,115

5,638

16,843

Charge for year

-

6,492

5,255

11,747

Eliminated on disposal

(3,090

)

-

-

(3,090

)

At 31 December 2025

-

14,607

10,893

25,500

NET BOOK VALUE

At 31 December 2025

-

37,383

5,769

43,152

At 31 December 2024

-

43,875

9,039

52,914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

748,663

672,867

Amounts owed by group undertakings

948,571

336,381

Other debtors

341,916

341,916

Tax

-

12,834

Prepayments and accrued income

62,741

29,959

2,101,891

1,393,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

169,876

10,000

Hire purchase contracts (see note 8)

10,497

10,497

Trade creditors

16,828

102,623

Social security and other taxes

29,517

18,666

VAT

31,674

6,850

Other creditors

810,508

811,018

Directors' current accounts

10

320

Accruals and deferred income

730,097

671,453

1,799,007

1,631,427

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

5,833

Hire purchase contracts (see note 8)

7,873

18,371

7,873

24,204

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

10,497

10,497

Between one and five years

7,873

18,371

18,370

28,868

Non-cancellable

operating leases

2025

2024

£

£

Within one year

19,250

-

Between one and five years

59,354

-

78,604

-

9.	RELATED PARTY DISCLOSURES

Portico Business Services Limited

Portico Business Services Ltd is the parent company of Portico Designs Ltd

During the year, the company made purchases of £7,290 (2024 - £107,480) from Portico Business Services Ltd.

At the year end there is an intercompany loan balance of £948,571 (2024 - £336,381) owed by Portico Business Services Ltd.

Included in other creditors is a balance of £10 (2024 - £320) that is owed to Mr S R Harrison, a director of the company. This loan is unsecured, interest free and has no set terms for repayment.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Harrison.

S R Harrison holds a controlling interest in the issued share capital of the parent company, Portico Business Services Limited.