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REGISTERED NUMBER: 08777984 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Altuity Solutions Ltd

Altuity Solutions Ltd (Registered number: 08777984)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Altuity Solutions Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr S R Voller





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 08777984 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Altuity Solutions Ltd (Registered number: 08777984)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,155 25,849
Tangible assets 5 1,026 1,820
18,181 27,669

CURRENT ASSETS
Debtors 6 4,553 -
Cash at bank 1,769 7,546
6,322 7,546
CREDITORS
Amounts falling due within one year 7 351,217 350,264
NET CURRENT LIABILITIES (344,895 ) (342,718 )
TOTAL ASSETS LESS CURRENT LIABILITIES (326,714 ) (315,049 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (326,715 ) (315,050 )
SHAREHOLDERS' FUNDS (326,714 ) (315,049 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





Mr S R Voller - Director


Altuity Solutions Ltd (Registered number: 08777984)

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

1. STATUTORY INFORMATION

Altuity Solutions 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 financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Initial costs developing the business have resulted in trading losses, however the director is confident that the company will trade profitably in due course and recover the initial losses incurred. The director has confirmed their continued financial support until the deficit has been recovered.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Software
The company continues to develop software products and a website to facilitate their use.

These costs have been treated as capital and are being amortised over their useful economic life of 5 years.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024 170,487
Additions 1,305
At 31 December 2024 171,792
AMORTISATION
At 1 January 2024 144,638
Amortisation for year 9,999
At 31 December 2024 154,637
NET BOOK VALUE
At 31 December 2024 17,155
At 31 December 2023 25,849

Altuity Solutions Ltd (Registered number: 08777984)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 2,841 1,302 8,786 12,929
DEPRECIATION
At 1 January 2024 1,687 1,087 8,335 11,109
Charge for year 289 54 451 794
At 31 December 2024 1,976 1,141 8,786 11,903
NET BOOK VALUE
At 31 December 2024 865 161 - 1,026
At 31 December 2023 1,154 215 451 1,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,553 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2,752 4,126
VAT 455 585
Directors' current accounts 346,740 343,161
Accruals and deferred income 1,270 2,392
351,217 350,264

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 1p 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2024 (315,050 )
Deficit for the year (11,665 )
At 31 December 2024 (326,715 )

Altuity Solutions Ltd (Registered number: 08777984)

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

10. GOING CONCERN

At the year end the company had net liabilities. However, the director has confirmed that in their opinion the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months) due to the continued financial support from the Director.

Consequently the company is considered to be a going concern.