Registered number
05279982
Altair Building Limited
Filleted Accounts
30 November 2023
Altair Building Limited
Registered number: 05279982
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Work in Progress 4,500 25,000
Debtors 4 - 627
Cash at bank and in hand - 1,809
4,500 27,436
Creditors: amounts falling due within one year 5 (119,407) (98,278)
Net current liabilities (114,907) (70,842)
Net liabilities (114,907) (70,842)
Capital and reserves
Called up share capital 100 100
Profit and loss account (115,007) (70,942)
Shareholders' funds (114,907) (70,842)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Zbigniew Brudkiewicz
Director
Approved by the board on 16 October 2024
Altair Building Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Work in Progress
Work in Progress are measured at the higher of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 12,759
At 30 November 2023 12,759
Depreciation
At 1 December 2022 12,759
At 30 November 2023 12,759
Net book value
At 30 November 2023 -
4 Debtors 2023 2022
£ £
Other debtors - 627
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,725 43,213
Taxation and social security costs 62,650 50,318
Other creditors - loans from directors 54,032 4,747
119,407 98,278
6 Other information
Altair Building Limited is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
Kemp House
London
EC1V 2NX
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