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REGISTERED NUMBER: 09473392 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Altius Healthcare Ltd

Altius Healthcare Ltd (Registered number: 09473392)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Altius Healthcare Ltd (Registered number: 09473392)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,088 117,591

CURRENT ASSETS
Debtors 5 79,888 94,580
Cash at bank 73,542 37,228
153,430 131,808
CREDITORS
Amounts falling due within one year 6 103,142 59,854
NET CURRENT ASSETS 50,288 71,954
TOTAL ASSETS LESS CURRENT LIABILITIES 148,376 189,545

CREDITORS
Amounts falling due after more than one year 7 (47,711 ) (74,626 )

PROVISIONS FOR LIABILITIES (24,522 ) (21,685 )
NET ASSETS 76,143 93,234

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 75,143 92,234
SHAREHOLDERS' FUNDS 76,143 93,234

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mrs A J L Jones - Director


Altius Healthcare Ltd (Registered number: 09473392)

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

1. STATUTORY INFORMATION

Altius Healthcare Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09473392

Registered office: Dairy House Farm Livery
Dairyhouse Lane
Broadheath
Altrincham
WA14 5RE

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


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Altius Healthcare Ltd (Registered number: 09473392)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 - 97,614 108,588 206,202
Additions 4,800 5,107 - 9,907
At 31 March 2024 4,800 102,721 108,588 216,109
DEPRECIATION
At 1 April 2023 - 58,254 30,357 88,611
Charge for year 960 8,893 19,557 29,410
At 31 March 2024 960 67,147 49,914 118,021
NET BOOK VALUE
At 31 March 2024 3,840 35,574 58,674 98,088
At 31 March 2023 - 39,360 78,231 117,591

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 4,800
At 31 March 2024 4,800
DEPRECIATION
Charge for year 960
At 31 March 2024 960
NET BOOK VALUE
At 31 March 2024 3,840

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,492 19,883
Amounts owed by group undertakings 31,950 31,200
Other debtors 28,446 43,497
79,888 94,580

Altius Healthcare Ltd (Registered number: 09473392)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 20,910 17,383
Taxation and social security 25,675 2,361
Other creditors 46,557 30,110
103,142 59,854

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,505
Hire purchase contracts (see note 8) 35,211 52,121
47,711 74,626

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 20,910 17,383
Between one and five years 35,211 52,121
56,121 69,504

Non-cancellable operating leases
2024 2023
£    £   
Within one year 720 -
Between one and five years 1,860 -
2,580 -