Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11564329 Ptw International Holdings Limited Mr Ioannis Agiomyrgiannakis Mr Alexandros Eleftheriadis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11564329 2023-09-30 11564329 2024-09-30 11564329 2023-10-01 2024-09-30 11564329 frs-core:CurrentFinancialInstruments 2024-09-30 11564329 frs-core:Non-currentFinancialInstruments 2024-09-30 11564329 frs-core:ComputerEquipment 2024-09-30 11564329 frs-core:ComputerEquipment 2023-10-01 2024-09-30 11564329 frs-core:ComputerEquipment 2023-09-30 11564329 frs-core:SharePremium 2024-09-30 11564329 frs-core:ShareCapital 2024-09-30 11564329 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11564329 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11564329 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11564329 frs-bus:SmallEntities 2023-10-01 2024-09-30 11564329 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11564329 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11564329 frs-bus:Director1 2023-10-01 2024-09-30 11564329 frs-bus:Director2 2023-10-01 2024-09-30 11564329 frs-bus:Director3 2023-10-01 2024-09-30 11564329 frs-core:CurrentFinancialInstruments 1 2024-09-30 11564329 frs-countries:EnglandWales 2023-10-01 2024-09-30 11564329 2022-09-30 11564329 2023-09-30 11564329 2022-10-01 2023-09-30 11564329 frs-core:CurrentFinancialInstruments 2023-09-30 11564329 frs-core:Non-currentFinancialInstruments 2023-09-30 11564329 frs-core:SharePremium 2023-09-30 11564329 frs-core:ShareCapital 2023-09-30 11564329 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 11564329 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 11564329
Altered Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11564329
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,259 68,254
25,259 68,254
CURRENT ASSETS
Debtors 5 6,753 21,433
Cash at bank and in hand 43,618 226,754
50,371 248,187
Creditors: Amounts Falling Due Within One Year 6 (80,516 ) (92,335 )
NET CURRENT ASSETS (LIABILITIES) (30,145 ) 155,852
TOTAL ASSETS LESS CURRENT LIABILITIES (4,886 ) 224,106
Creditors: Amounts Falling Due After More Than One Year 7 (700,000 ) (700,000 )
NET LIABILITIES (704,886 ) (475,894 )
CAPITAL AND RESERVES
Called up share capital 8 141 141
Share premium account 1,999,955 1,999,955
Profit and Loss Account (2,704,982 ) (2,475,990 )
SHAREHOLDERS' FUNDS (704,886) (475,894)
Page 1
Page 2
For the year ending 30 September 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ioannis Agiomyrgiannakis
Director
22 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Altered Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11564329 . The registered office is Ground Floor Flat, 298 West End Lane, London, NW6 1LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 21% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 12)
5 12
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 215,614
Additions 595
As at 30 September 2024 216,209
Depreciation
As at 1 October 2023 147,360
Provided during the period 43,590
As at 30 September 2024 190,950
Net Book Value
As at 30 September 2024 25,259
As at 1 October 2023 68,254
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 418 8,308
Prepayments and accrued income 708 9,328
Other debtors 4,117 3,666
VAT recoverable 1,510 131
6,753 21,433
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 342 1,564
Other creditors 33,381 29,391
Accruals and deferred income 45,893 60,480
Directors' loan accounts 900 900
80,516 92,335
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 700,000 700,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 141 141
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