The Portland Training Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09158239 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

The Portland Training Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss H A Warren

Mr K D Heppenstall

REGISTERED OFFICE:

28 Bailey Street

Sheffield

South Yorkshire

S1 4EH

REGISTERED NUMBER:

09158239 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Salim FCCA

AUDITORS:

SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

4

38,071

59,315

CURRENT ASSETS

Debtors

5

769,762

821,978

Cash at bank

8,928

47,763

778,690

869,741

CREDITORS

Amounts falling due within one year

6

356,745

257,933

NET CURRENT ASSETS

421,945

611,808

TOTAL ASSETS LESS CURRENT LIABILITIES

460,016

671,123

PROVISIONS FOR LIABILITIES

8

-

11,334

NET ASSETS

460,016

659,789

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

459,916

659,689

SHAREHOLDERS' FUNDS

460,016

659,789

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 31 July 2026 and were signed on its behalf by:

Miss H A Warren - Director

1.	STATUTORY INFORMATION

The Portland Training Company 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, where this can be estimated reliably. The stage of completion is calculated by comparing related costs incurred as a proportion of total related costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

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.

Going concern

Management have prepared financial forecasts on a consolidated basis for a period covering at least 12 months from the date of signature of these financial statements.

Accordingly, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have concluded that it is appropriate to prepare these financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

185,774

Additions

2,421

Disposals

(3,898

)

At 31 October 2025

184,297

DEPRECIATION

At 1 November 2024

126,459

Charge for year

22,261

Eliminated on disposal

(2,494

)

At 31 October 2025

146,226

NET BOOK VALUE

At 31 October 2025

38,071

At 31 October 2024

59,315

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

226,661

614,387

Other debtors

543,101

207,591

769,762

821,978

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

33,474

80,622

Taxation and social security

34,066

55,198

Other creditors

289,205

122,113

356,745

257,933

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

8,398

25,323

Between one and five years

9,671

18,069

43,392

8.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

11,334

Deferred tax

£

Balance at 1 November 2024

11,334

Provided during year

(56,584

)

Balance at 31 October 2025

(45,250

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

76

Ordinary

£1

76

24

Ordinary A

£1

24

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

11.	OTHER FINANCIAL COMMITMENTS

There is a floating charge over all assets of the company, and also an intercompany guarantee over all companies in the group.

12.	RELATED PARTY DISCLOSURES

At the year end £121,725 (2024: £75,000) was owed by companies under the common control of Mr M Davison.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Davison.

At 31 October 2025 the company's parent company was The Portland Training Company Holdings Limited, a company which is incorporated in the UK, which is the parent of both the smallest and largest group in which the results of the company are published. The accounts of this company are available to the public and may be obtained from Companies House, Cardiff.