Registered number
07557573
Altitude Roofing Services Ltd
Filleted Accounts
31 March 2024
Altitude Roofing Services Ltd
Registered number: 07557573
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 31,604 11,509
Current assets
Debtors 5 19,192 13,963
Cash at bank and in hand 474,726 430,014
493,918 443,977
Creditors: amounts falling due within one year 6 (188,228) (152,901)
Net current assets 305,690 291,076
Net assets 337,294 302,585
Capital and reserves
Called up share capital 1 1
Profit and loss account 337,293 302,584
Shareholder's funds 337,294 302,585
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr C Graham
Director
Approved by the board on 19 November 2024
Altitude Roofing Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 25% straight line
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 8,239 46,246 54,485
Additions 958 31,499 32,457
Disposals - (7,442) (7,442)
At 31 March 2024 9,197 70,303 79,500
Depreciation
At 1 April 2023 6,996 35,980 42,976
Charge for the year 927 10,110 11,037
On disposals - (6,117) (6,117)
At 31 March 2024 7,923 39,973 47,896
Net book value
At 31 March 2024 1,274 30,330 31,604
At 31 March 2023 1,243 10,266 11,509
5 Debtors 2024 2023
£ £
Trade debtors 19,192 11,968
Other debtors - 1,995
19,192 13,963
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,751 617
Taxation and social security costs 35,119 36,866
Other creditors 144,358 115,418
188,228 152,901
7 Other information
Altitude Roofing Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Merseyside
CH44 4BT
Altitude Roofing Services Ltd 07557573 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr C Graham No description of principal activity 07557573 2022-04-01 2023-03-31 07557573 core:WithinOneYear 2023-03-31 07557573 core:ShareCapital 2023-03-31 07557573 core:RetainedEarningsAccumulatedLosses 2023-03-31 07557573 2023-04-01 2024-03-31 07557573 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07557573 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07557573 bus:Director40 2023-04-01 2024-03-31 07557573 1 2023-04-01 2024-03-31 07557573 2 2023-04-01 2024-03-31 07557573 core:PlantMachinery 2023-04-01 2024-03-31 07557573 core:Vehicles 2023-04-01 2024-03-31 07557573 countries:England 2023-04-01 2024-03-31 07557573 bus:FRS102 2023-04-01 2024-03-31 07557573 bus:FilletedAccounts 2023-04-01 2024-03-31 07557573 2024-03-31 07557573 core:WithinOneYear 2024-03-31 07557573 core:ShareCapital 2024-03-31 07557573 core:RetainedEarningsAccumulatedLosses 2024-03-31 07557573 core:Goodwill 2024-03-31 07557573 core:PlantMachinery 2024-03-31 07557573 core:Vehicles 2024-03-31 07557573 2023-03-31 07557573 core:Goodwill 2023-03-31 07557573 core:PlantMachinery 2023-03-31 07557573 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure