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REGISTERED NUMBER: 04439391 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Alta Engineering Ltd

Alta Engineering Ltd (Registered number: 04439391)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Alta Engineering Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr A Taylor





REGISTERED OFFICE: Unit 8 Cannon Way
Baugh Green
Barnsley
S75 1JU





REGISTERED NUMBER: 04439391 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Alta Engineering Ltd (Registered number: 04439391)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 227,217 228,675

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 23,876 17,048
Cash at bank and in hand 1,602 8,122
26,978 26,670
CREDITORS
Amounts falling due within one year 7 95,601 105,179
NET CURRENT LIABILITIES (68,623 ) (78,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,594

150,166

CREDITORS
Amounts falling due after more than one
year

8

207,964

218,805
NET LIABILITIES (49,370 ) (68,639 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 83,991 83,991
Retained earnings (133,362 ) (152,631 )
SHAREHOLDERS' FUNDS (49,370 ) (68,639 )

Alta Engineering Ltd (Registered number: 04439391)

Statement of Financial Position - continued
31 May 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





Mr A Taylor - Director


Alta Engineering Ltd (Registered number: 04439391)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Alta Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities. Turnover is recognised at the point the goods and services are despatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost straight line

All fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


Alta Engineering Ltd (Registered number: 04439391)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 210,000 72,781 282,781
Additions - 753 753
At 31 May 2024 210,000 73,534 283,534
DEPRECIATION
At 1 June 2023 - 54,106 54,106
Charge for year - 2,211 2,211
At 31 May 2024 - 56,317 56,317
NET BOOK VALUE
At 31 May 2024 210,000 17,217 227,217
At 31 May 2023 210,000 18,675 228,675

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 (32,326 ) - (32,326 )
Cost 242,326 73,534 315,860
210,000 73,534 283,534

Alta Engineering Ltd (Registered number: 04439391)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,876 17,048

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,317 10,000
Trade creditors 10,076 8,482
Taxation and social security 58,528 63,635
Other creditors 9,680 23,062
95,601 105,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,605 22,446
Other creditors 196,359 196,359
207,964 218,805

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 83,991