Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Portway Precision Limited
Contents
|
|||
|
Portway Precision Limited
(Registration number: 2013742)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015
|
2014
|
|||||||
Fixed assets |
|||||||||
Tangible fixed assets |
|
|
|||||||
Investments |
|
|
|||||||
|
|
||||||||
Current assets |
|||||||||
Debtors |
|
|
|||||||
Investments |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
|
|
||||||||
Creditors: Amounts falling due within one year |
( |
( |
|||||||
Net current assets |
|
|
|||||||
Total assets less current liabilities |
|
|
|||||||
Creditors: Amounts falling due after more than one year |
- |
( |
|||||||
Net assets |
|
|
|||||||
Capital and reserves |
|||||||||
Called up share capital |
|
|
|||||||
Revaluation reserve |
|
|
|||||||
Profit and loss account |
|
|
|||||||
Shareholders' funds |
|
|
Approved by the Board on
.........................................
J G Foster
Director
1
Portway Precision Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Exemption from preparing group accounts
Turnover
Depreciation
No depreciation is provided in respect of the freehold investment property. This is in accordance with applicable accounting standards but represents a departure from the Companies Act requirements concerning the depreciation of fixed assets. The directors consider that the adoption of this policy is necessary to give a true and fair view.
Asset class |
Depreciation method and rate |
Land and buildings |
|
Fixed asset investments
Current asset investments
Financial instruments
Portway Precision Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Fixed assets |
Tangible assets
|
Investments
|
Total
|
|||||||
Cost |
|||||||||
At 1 April 2014 |
2,252,643 |
1,000 |
2,253,643 |
||||||
Additions |
384,527 |
- |
384,527 |
||||||
At 31 March 2015 |
2,637,170 |
1,000 |
2,638,170 |
||||||
Depreciation |
|||||||||
At 31 March 2015 |
- |
- |
- |
||||||
Net book value |
|||||||||
At 31 March 2015 |
|
|
|
||||||
At 31 March 2014 |
|
|
|
|
Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
||||
|
England and Wales |
Ordinary £1 |
|
|
The profit for the financial period of Sarum Hydraulics Ltd was £148,721 and the aggregate amount of capital and reserves at the end of the period was £111,756.
Portway Precision Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Debtors |
Debtors includes £200,000 (2014 - £219,017) receivable after more than one year.
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
|
2014
|
|||||
Amounts falling due within one year |
15,769 |
24,997 |
||||
Amounts falling due after more than one year |
- |
16,295 |
||||
Total secured creditors |
15,769 |
41,292 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
|||||||||||
No. |
£ |
No. |
£ |
|||||||||
|
|
|
|
|
||||||||