Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3162022-11-01falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09511035 2022-11-01 2023-10-31 09511035 2021-11-01 2022-10-31 09511035 2023-10-31 09511035 2022-10-31 09511035 c:Director1 2022-11-01 2023-10-31 09511035 d:PlantMachinery 2022-11-01 2023-10-31 09511035 d:PlantMachinery 2023-10-31 09511035 d:PlantMachinery 2022-10-31 09511035 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09511035 d:OfficeEquipment 2022-11-01 2023-10-31 09511035 d:OfficeEquipment 2023-10-31 09511035 d:OfficeEquipment 2022-10-31 09511035 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09511035 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09511035 d:CurrentFinancialInstruments 2023-10-31 09511035 d:CurrentFinancialInstruments 2022-10-31 09511035 d:Non-currentFinancialInstruments 2023-10-31 09511035 d:Non-currentFinancialInstruments 2022-10-31 09511035 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09511035 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09511035 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09511035 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09511035 d:ShareCapital 2023-10-31 09511035 d:ShareCapital 2022-10-31 09511035 d:RetainedEarningsAccumulatedLosses 2023-10-31 09511035 d:RetainedEarningsAccumulatedLosses 2022-10-31 09511035 c:FRS102 2022-11-01 2023-10-31 09511035 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09511035 c:FullAccounts 2022-11-01 2023-10-31 09511035 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 09511035







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


ALTIUS TECHNICAL SOLUTIONS LIMITED






































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ALTIUS TECHNICAL SOLUTIONS LIMITED
REGISTERED NUMBER:09511035



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
993
1,664

  
993
1,664

Current assets
  

Stocks
  
-
71,289

Debtors: amounts falling due within one year
 4 
39,665
43,668

Cash at bank and in hand
  
74,328
52,457

  
113,993
167,414

Creditors: amounts falling due within one year
 5 
(159,375)
(157,046)

Net current (liabilities)/assets
  
 
 
(45,382)
 
 
10,368

Total assets less current liabilities
  
(44,389)
12,032

Creditors: amounts falling due after more than one year
  
(51,060)
-

  

Net (liabilities)/assets
  
(95,449)
12,032


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(95,549)
11,932

  
(95,449)
12,032

Page 1

 


ALTIUS TECHNICAL SOLUTIONS LIMITED
REGISTERED NUMBER:09511035


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R A Morosco
Director

Date: 31 July 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


ALTIUS TECHNICAL SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Going concern

The director has undertaken to continue his financial support of the company for the foreseeable future. On this basis he believes it is appropriate to prepare these accounts on a going concern basis.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 


ALTIUS TECHNICAL SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as noted below.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Office equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


2.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).

Page 4

 


ALTIUS TECHNICAL SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
458
2,232
2,690



At 31 October 2023

458
2,232
2,690



Depreciation


At 1 November 2022
223
803
1,026


Charge for the year on owned assets
59
612
671



At 31 October 2023

282
1,415
1,697



Net book value



At 31 October 2023
176
817
993



At 31 October 2022
235
1,429
1,664


4.


Debtors

2023
2022
£
£


Trade debtors
9,235
33,672

Other debtors
30,430
9,472

Prepayments and accrued income
-
524

39,665
43,668


Page 5

 


ALTIUS TECHNICAL SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
26,609

Bank loans
22,667
36,339

Other loans
40,000
-

Trade creditors
16,794
27,888

Other taxation and social security
65,652
31,532

Other creditors
11,439
33,415

Accruals and deferred income
2,823
1,263

159,375
157,046


The following liabilities were secured:

2023
2022
£
£



Bank overdrafts
-
26,609

-
26,609

Details of security provided:

Debt factoring amounts payable, included within bank overdrafts, is secured by way of a fixed and floating charge over the assets of the company.


6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
51,060
-

51,060
-



7.


Related party transactions

At the balance sheet date the company was owed £15,000 by connected undertakings. The balance is being repaid after the year end and is free of any interest.

 
Page 6