REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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FOR |
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PORTON VENTURES (UK) LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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FOR |
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PORTON VENTURES (UK) LTD |
PORTON VENTURES (UK) LTD (REGISTERED NUMBER: 03934852) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
PORTON VENTURES (UK) LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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PORTON VENTURES (UK) LTD (REGISTERED NUMBER: 03934852) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2016 |
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30.11.16 | 30.11.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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PROVISIONS FOR LIABILITIES |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
PORTON VENTURES (UK) LTD (REGISTERED NUMBER: 03934852) |
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ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2016 |
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The financial statements were approved by the Board of Directors on
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Mr A J Allen - Director | Mrs M E Allen - Director |
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Mr G J Allen - Director | Mrs L D Maher - Director |
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PORTON VENTURES (UK) LTD (REGISTERED NUMBER: 03934852) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
The turnover shown in the profit and loss account represents retail sales during the year, exclusive of Value |
Added Tax. |
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Goodwill |
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and |
amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be the |
maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. |
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Goodwill purchased in November 2002 of £800,000 is being amortised over 20 years on a straight line basis. |
Goodwill of £1,120 purchased in February 2006 was written off in the year of acquisition. |
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Tangible fixed assets |
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Improvements to leasehold property | - |
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Equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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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 the profit and loss account in the period to which they relate. |
PORTON VENTURES (UK) LTD (REGISTERED NUMBER: 03934852) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2015 |
and 30 November 2016 |
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AMORTISATION |
At 1 December 2015 |
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Amortisation for year |
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At 30 November 2016 |
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NET BOOK VALUE |
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At 30 November 2016 |
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At 30 November 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 December 2015 |
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Additions |
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At 30 November 2016 |
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DEPRECIATION |
At 1 December 2015 |
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Charge for year |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.16 | 30.11.15 |
value: | £ | £ |
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Ordinary | £1 |
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