Portfolio Bureau Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC359850 (Scotland)

Unaudited Financial Statements for the Year Ended 5 April 2020

for

Portfolio Bureau Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Walker

REGISTERED OFFICE:

18 Seaward Place

Glasgow

G41 1HH

REGISTERED NUMBER:

SC359850 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Suite 4f, Ingram House

227 Ingram Street

Glasgow

G1 1DA

CURRENT ASSETS

Cash at bank

4,361

20,098

CREDITORS

Amounts falling due within one year

4

8,668

26,356

NET CURRENT LIABILITIES

(4,307

)

(6,258

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,307

)

(6,258

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(4,308

)

(6,259

)

SHAREHOLDERS' FUNDS

(4,307

)

(6,258

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 April 2021 and were signed by:

G Walker - Director

1.	STATUTORY INFORMATION

Portfolio Bureau Limited is a private company, limited by shares , registered in Scotland. 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.

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.20

5.4.19

£

£

Social security and other taxes

3,547

459

Other creditors

5,121

14,776

Accrued expenses

-

11,121

8,668

26,356