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REGISTERED NUMBER: 04114139 (England and Wales)















ALTRIGEN SOLUTIONS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






ALTRIGEN SOLUTIONS LIMITED (Registered number: 04114139)






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


ALTRIGEN SOLUTIONS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J P Frear
M A Fullarton





SECRETARY: M A Fullarton





REGISTERED OFFICE: 1 C/O H.C Slingsby
1 Otley Road
Shipley
West Yorkshire
BD17 7LW





REGISTERED NUMBER: 04114139 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

ALTRIGEN SOLUTIONS LIMITED (Registered number: 04114139)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,458 18,794
Tangible assets 5 15,737 9,925
25,195 28,719

CURRENT ASSETS
Stocks 17,294 13,110
Debtors 6 94,041 97,700
Cash at bank 178,624 184,255
289,959 295,065
CREDITORS
Amounts falling due within one year 7 189,521 190,714
NET CURRENT ASSETS 100,438 104,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,633

133,070

CREDITORS
Amounts falling due after more than one
year

8

39,839

44,983
NET ASSETS 85,794 88,087

CAPITAL AND RESERVES
Called up share capital 14 14
Retained earnings 85,780 88,073
SHAREHOLDERS' FUNDS 85,794 88,087

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 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.

ALTRIGEN SOLUTIONS LIMITED (Registered number: 04114139)

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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




J P Frear - Director



M A Fullarton - Director


ALTRIGEN SOLUTIONS LIMITED (Registered number: 04114139)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

ALTRIGEN SOLUTIONS 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.

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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Research and development
The company capitalises expenditure on programs and systems which it will actively market in future years. Such expenditure is amortised over the succeeding four years in equal instalments.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

ALTRIGEN SOLUTIONS LIMITED (Registered number: 04114139)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 158,539
AMORTISATION
At 1 January 2023 139,745
Amortisation for year 9,336
At 31 December 2023 149,081
NET BOOK VALUE
At 31 December 2023 9,458
At 31 December 2022 18,794

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 10,999 43,917 54,916
Additions 5,141 8,633 13,774
At 31 December 2023 16,140 52,550 68,690
DEPRECIATION
At 1 January 2023 10,262 34,729 44,991
Charge for year 2,022 5,940 7,962
At 31 December 2023 12,284 40,669 52,953
NET BOOK VALUE
At 31 December 2023 3,856 11,881 15,737
At 31 December 2022 737 9,188 9,925

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 89,976 94,616
Other debtors 4,065 3,084
94,041 97,700

ALTRIGEN SOLUTIONS LIMITED (Registered number: 04114139)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 33,848 23,170
Taxation 49,433 52,308
Other creditors 106,240 115,236
189,521 190,714

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 39,839 44,983

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 39,839 44,983