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Company Registration No. 12467866 (England and Wales)
ALTITUDE DIRECT LTD Unaudited accounts for the year ended 28 February 2023
ALTITUDE DIRECT LTD Unaudited accounts Contents
Page
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ALTITUDE DIRECT LTD Company Information for the year ended 28 February 2023
Director
ASHAYE, Michael
Company Number
12467866 (England and Wales)
Registered Office
UNIT G18, EXPRESSWAY 1 DOCK ROAD LONDON E16 1AG ENGLAND
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ALTITUDE DIRECT LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,644 
- 
Current assets
Cash at bank and in hand
1,868 
256 
Creditors: amounts falling due within one year
(51,693)
(53,923)
Net current liabilities
(49,825)
(53,667)
Total assets less current liabilities
(43,181)
(53,667)
Creditors: amounts falling due after more than one year
(1,019)
- 
Net liabilities
(44,200)
(53,667)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(44,201)
(53,668)
Shareholders' funds
(44,200)
(53,667)
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 22 April 2024 and were signed on its behalf by
ASHAYE, Michael Director Company Registration No. 12467866
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ALTITUDE DIRECT LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
ALTITUDE DIRECT LTD is a private company, limited by shares, registered in England and Wales, registration number 12467866. The registered office is UNIT G18, EXPRESSWAY, 1 DOCK ROAD, LONDON, E16 1AG, ENGLAND.
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:
Motor vehicles
18%
Computer equipment
18%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
- 
- 
- 
Additions
7,103 
1,000 
8,103 
At 28 February 2023
7,103 
1,000 
8,103 
Depreciation
Charge for the year
1,279 
180 
1,459 
At 28 February 2023
1,279 
180 
1,459 
Net book value
At 28 February 2023
5,824 
820 
6,644 
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ALTITUDE DIRECT LTD Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
45,938 
- 
Trade creditors
3,000 
- 
Taxes and social security
- 
1,019 
Other creditors
- 
47,338 
Loans from directors
755 
2,566 
Accruals
2,000 
3,000 
51,693 
53,923 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
1,019 
- 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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