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REGISTERED NUMBER: 12853464 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALTILITECH LTD

ALTILITECH LTD (REGISTERED NUMBER: 12853464)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALTILITECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K Mahdavi
C H Marston





SECRETARY: C H Newson





REGISTERED OFFICE: Phase 2, Room 205 1 Davy Road
Derriford
Plymouth Science Park
PL6 8BX





REGISTERED NUMBER: 12853464 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

ALTILITECH LTD (REGISTERED NUMBER: 12853464)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 79,389 1,004

CURRENT ASSETS
Debtors 5 193,659 148,557
Cash in hand 96,336 8,085
289,995 156,642
CREDITORS
Amounts falling due within one year 6 534,422 279,849
NET CURRENT LIABILITIES (244,427 ) (123,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(165,038

)

(122,203

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (165,039 ) (122,204 )
(165,038 ) (122,203 )

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.

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 4 September 2024 and were signed on its behalf by:





K Mahdavi - Director


ALTILITECH LTD (REGISTERED NUMBER: 12853464)

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


1. STATUTORY INFORMATION

Altilitech Ltd 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.

The accounts are prepared on a going concern basis with the on going support of the creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 3 ) .

ALTILITECH LTD (REGISTERED NUMBER: 12853464)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 - 1,004 1,004
Additions 9,832 91,480 101,312
At 31 December 2023 9,832 92,484 102,316
DEPRECIATION
Charge for year 1,844 21,083 22,927
At 31 December 2023 1,844 21,083 22,927
NET BOOK VALUE
At 31 December 2023 7,988 71,401 79,389
At 31 December 2022 - 1,004 1,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1 84,369
Altilium TC Ltd 166,843 64,188
VAT 548 -
Prepayments 26,267 -
193,659 148,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 72 785
Taxation - 7,502
Social security and other taxes 2,545 -
Other creditors 373 23,411
Altilium Metals Ltd 507,884 224,603
Altilium Clean Technology Ltd 23,548 23,548
534,422 279,849

7. RELATED PARTY DISCLOSURES

At the year end NIL (2022- £23,411) was owed to group undertakings.