1 April 2022 false No description of principal activity Taxfiler 2023.10.1 11609127business:PrivateLimitedCompanyLtd2022-04-012023-03-31 116091272022-03-31 116091272022-04-012023-03-31 11609127business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 11609127business:FilletedAccounts2022-04-012023-03-31 116091272023-03-31 11609127business:Director12022-04-012023-03-31 11609127business:Director22022-04-012023-03-31 11609127business:RegisteredOffice2022-04-012023-03-31 116091272022-03-31 11609127core:WithinOneYear2023-03-31 11609127core:WithinOneYear2022-03-31 11609127core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11609127core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 11609127core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11609127core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 11609127core:PreviouslyStatedAmount2023-03-31 11609127core:PreviouslyStatedAmount2022-03-31 11609127business:SmallEntities2022-04-012023-03-31 11609127countries:EnglandWales2022-04-012023-03-31 11609127core:PlantMachinery2022-04-012023-03-31 11609127core:MotorVehicles2022-04-012023-03-31 11609127core:FurnitureFittings2022-04-012023-03-31 11609127core:ComputerEquipment2022-04-012023-03-31 11609127core:Goodwill2022-03-31 11609127core:Goodwill2022-04-012023-03-31 11609127core:Goodwill2023-03-31 11609127core:PlantMachinery2022-03-31 11609127core:MotorVehicles2022-03-31 11609127core:FurnitureFittings2022-03-31 11609127core:ComputerEquipment2022-03-31 11609127core:PlantMachinery2023-03-31 11609127core:MotorVehicles2023-03-31 11609127core:FurnitureFittings2023-03-31 11609127core:ComputerEquipment2023-03-31 11609127core:AdditionsToInvestments2023-03-31 11609127core:DisposalsRepaymentsInvestments2023-03-31 116091272021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11609127 (England and Wales)
Altitude Accounting Limited Unaudited accounts for the year ended 31 March 2023
Altitude Accounting Limited Unaudited accounts Contents
Page
- 2 -
Altitude Accounting Limited Company Information for the year ended 31 March 2023
Directors
Graham Seddon Amy Askew
Company Number
11609127 (England and Wales)
Registered Office
First Floor 129 High Street Guildford GU1 3AA
- 3 -
Altitude Accounting Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
687,420 
- 
Tangible assets
157,013 
150,328 
Investments
- 
720,000 
844,433 
870,328 
Current assets
Debtors
156,636 
147,290 
Cash at bank and in hand
342,887 
343,543 
499,523 
490,833 
Creditors: amounts falling due within one year
(652,911)
(992,660)
Net current liabilities
(153,388)
(501,827)
Net assets
691,045 
368,501 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
691,043 
368,499 
Shareholders' funds
691,045 
368,501 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by
Amy Askew Director Company Registration No. 11609127
- 4 -
Altitude Accounting Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Altitude Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 11609127. The registered office is First Floor, 129 High Street, Guildford, GU1 3AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
Altitude Accounting Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
- 
Additions
723,600 
At 31 March 2023
723,600 
Amortisation
At 1 April 2022
- 
Charge for the year
36,180 
At 31 March 2023
36,180 
Net book value
At 31 March 2023
687,420 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
8,414 
120,352 
100 
21,462 
150,328 
Additions
4,985 
499 
- 
1,201 
6,685 
At 31 March 2023
13,399 
120,851 
100 
22,663 
157,013 
Depreciation
At 31 March 2023
- 
- 
- 
- 
- 
Net book value
At 31 March 2023
13,399 
120,851 
100 
22,663 
157,013 
At 31 March 2022
8,414 
120,352 
100 
21,462 
150,328 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
720,000 
Additions
3,600 
Disposals
(723,600)
Valuation at 31 March 2023
- 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,274 
82,835 
Amounts due from group undertakings etc.
27,112 
50,212 
Accrued income and prepayments
15,250 
14,243 
Other debtors
60,000 
- 
156,636 
147,290 
- 6 -
Altitude Accounting Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
76,185 
58,252 
Trade creditors
29,516 
48,582 
Amounts owed to group undertakings and other participating interests
68,180 
275,930 
Taxes and social security
95,429 
23,600 
Other creditors
2,610 
3,583 
Loans from directors
359,090 
579,774 
Accruals
21,901 
2,939 
652,911 
992,660 
9
Average number of employees
During the year the average number of employees was 21 (2022: 6).
- 7 -