PORTABLE GAS LIMITED


Director	WILKINS, Philip Cornwall


Registered Address	Longmoor Farm Park Lane
	Finchampstead
	Wokingham
	RG40 4PT


Registered Number	09710685 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		10,500		10,500
Tangible assets	4		1,048,418		981,396
			1,058,918		991,896
Current assets
Debtors		492,674		381,131
Cash at bank and on hand		376,877		170,101
		869,551		551,232
Creditors amounts falling due within one year		(397,006)		(150,913)
Net current assets (liabilities)			472,545		400,319
Total assets less current liabilities			1,531,463		1,392,215
Creditors amounts falling due after one year			(67,904)		(116,287)
Net assets			1,463,559		1,275,928
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,463,459		1,275,828
Shareholders' funds			1,463,559		1,275,928

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 28 May 2026, and are signed on its behalf by:

WILKINS, Philip Cornwall
Director
Registered Company No. 09710685

PORTABLE GAS LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	10
	Vehicles	10
	Office Equipment	25

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		11

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 June 24	10,500
	At 31 May 25	10,500
	Net book value
	At 31 May 25	10,500
	At 31 May 24	10,500

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 June 24	1,552,608
	Additions	238,861
	Disposals	(132,749)
	At 31 May 25	1,658,721
	Depreciation and impairment
	At 01 June 24	571,212
	Charge for year	113,131
	On disposals	(74,041)
	At 31 May 25	610,303
	Net book value
	At 31 May 25	1,048,418
	At 31 May 24	981,396