Portech Ltd,Ltd - Accounts

Portech Ltd,Ltd - Accounts

PORTECH LIMITED - Company Information

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2015-04-01 true false Private Limited Company 03973672 2016-03-31 03973672 2015-04-01 2016-03-31 03973672 2015-03-31 03973672 2014-04-01 2015-03-31 03973672 uk-bus:Director1 2015-04-01 2016-03-31 03973672 uk-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP
Portech Ltd
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03973672
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Contents Page
Portech Ltd
For the year ended 31 March 2016
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Portech Ltd
As at 31 March 2016
03973672
Registered Number :
£
£
2016
Notes
2015
Current assets
Debtors
1,967
-
Cash at bank and in hand
472
3,241
472
5,208
Creditors: amounts falling due within one year
(5,204)
(470)
4
2
Net current assets
Total assets less current liabilities
2
4
2
Net assets
4
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
-
2
2
4
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 10 December 2016
Andrew Wilczur Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Portech Ltd
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Share capital
Authorised
100 Class A shares of £1.00 each
Allotted called up and fully paid
2016
2015
£
£
2 Class A shares of £1.00 each
2
2
2
2
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