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REGISTERED NUMBER: 06905633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALTIDO GROUP LIMITED

ALTIDO GROUP LIMITED (REGISTERED NUMBER: 06905633)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTIDO GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S C Eyre





REGISTERED OFFICE: Eagle Tower
Montpellier Drive
Cheltenham
Gloucestershire
GL50 1TA





REGISTERED NUMBER: 06905633 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

ALTIDO GROUP LIMITED (REGISTERED NUMBER: 06905633)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 766 908
Tangible assets 5 20,980 27,281
21,746 28,189

CURRENT ASSETS
Debtors 6 42,279 42,447
Cash at bank 50,740 45,785
93,019 88,232
CREDITORS
Amounts falling due within one year 7 14,898 1,975
NET CURRENT ASSETS 78,121 86,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,867

114,446

CREDITORS
Amounts falling due after more than one
year

8

-

(7,784

)

PROVISIONS FOR LIABILITIES (5,245 ) (4,820 )
NET ASSETS 94,622 101,842

CAPITAL AND RESERVES
Called up share capital 961 966
Capital redemption reserve 39 34
Retained earnings 93,622 100,842
94,622 101,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ALTIDO GROUP LIMITED (REGISTERED NUMBER: 06905633)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





S C Eyre - Director


ALTIDO GROUP LIMITED (REGISTERED NUMBER: 06905633)

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

1. STATUTORY INFORMATION

Altido Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimate reliably, revenue is recognised only to the extent of the expenses recognised that is probably will be recovered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, was amortised evenly over its estimated useful life and has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ALTIDO GROUP LIMITED (REGISTERED NUMBER: 06905633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss over the expected useful lives of the assets to which they relate. Government grants which are not directly attributable to fixed assets are recognised in the profit and loss in accordance with the accruals method in line with FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

ALTIDO GROUP LIMITED (REGISTERED NUMBER: 06905633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 14,500 1,415 15,915
AMORTISATION
At 1 January 2023 14,500 507 15,007
Amortisation for year - 142 142
At 31 December 2023 14,500 649 15,149
NET BOOK VALUE
At 31 December 2023 - 766 766
At 31 December 2022 - 908 908

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 2,113 42,908 12,707 57,728
Additions - - 999 999
At 31 December 2023 2,113 42,908 13,706 58,727
DEPRECIATION
At 1 January 2023 2,091 21,077 7,279 30,447
Charge for year 22 4,366 2,912 7,300
At 31 December 2023 2,113 25,443 10,191 37,747
NET BOOK VALUE
At 31 December 2023 - 17,465 3,515 20,980
At 31 December 2022 22 21,831 5,428 27,281

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,730 25,180
Prepayments and accrued income 7,549 17,267
42,279 42,447

ALTIDO GROUP LIMITED (REGISTERED NUMBER: 06905633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,792 6,792
Trade creditors 1,972 5,823
Corporation Tax (8,977 ) (29,125 )
Social security and other taxes 2,466 4,112
VAT 10,532 10,641
Pension creditor 538 736
Directors' current accounts 1,283 966
Accruals and deferred income 292 2,030
14,898 1,975

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
HP 2-5Yr - 6,792
Deferred Income-Grant Eplugin - 992
- 7,784

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023 2022
£    £   
S C Eyre
Balance outstanding at start of year (966 ) (624 )
Amounts advanced - 200
Amounts repaid (317 ) (542 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,283 ) (966 )

No interest is being charged on the loan and there are no set repayment terms.