Abbreviated Company Accounts - PORTLAND DATA LTD

05688588 PORTLAND DATA LTD 2014-03-31 false 2013-04-01 2014-03-31 true 05688588 2013-04-01 2014-03-31 05688588 2014-03-31 05688588 2013-03-31 05688588 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05688588 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-31 iso4217:GBP shares

Registered Number 05688588

PORTLAND DATA LTD

Abbreviated Accounts

31 March 2014

PORTLAND DATA LTD Registered Number 05688588

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	2,790	3,488
Tangible assets	3	818	323
		3,608	3,811
Current assets
Debtors		13,389	10,735
Cash at bank and in hand		33,848	30,414
		47,237	41,149
Creditors: amounts falling due within one year		(25,602)	(20,695)
Net current assets (liabilities)		21,635	20,454
Total assets less current liabilities		25,243	24,265
Provisions for liabilities		0	(327)
Total net assets (liabilities)		25,243	23,938
Capital and reserves
Called up share capital	4	1,020	1,020
Profit and loss account		24,223	22,918
Shareholders' funds		25,243	23,938

For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 December 2014

And signed on their behalf by:
Dr I R C Hill, Director

PORTLAND DATA LTD Registered Number 05688588

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for services net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Office equipment 25% reducing balance
Computer equipment 33% straight line

Intangible assets amortisation policy
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual installments over their estimated useful lives.

2Intangible fixed assets

	£
Cost
At 1 April 2013	4,038
Additions	0
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	4,038
Amortisation
At 1 April 2013	550
Charge for the year	698
On disposals	-
At 31 March 2014	1,248
Net book values
At 31 March 2014	2,790
At 31 March 2013	3,488

3Tangible fixed assets

	£
Cost
At 1 April 2013	4,026
Additions	714
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	4,740
Depreciation
At 1 April 2013	3,703
Charge for the year	219
On disposals	-
At 31 March 2014	3,922
Net book values
At 31 March 2014	818
At 31 March 2013	323

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000
10 A Ordinary shares of £1 each	10	10
10 B Ordinary shares of £1 each	10	10