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Registration number: 10958248

Altiora Marketing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Altiora Marketing Limited

(Registration number: 10958248)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

27,286

7,559

Current assets

 

Debtors

6

41,916

64,435

Cash at bank and in hand

 

34,904

30,218

 

76,820

94,653

Creditors: Amounts falling due within one year

7

(27,010)

(28,139)

Net current assets

 

49,810

66,514

Total assets less current liabilities

 

77,096

74,073

Creditors: Amounts falling due after more than one year

7

(6,100)

(9,653)

Provisions for liabilities

-

(330)

Net assets

 

70,996

64,090

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

70,986

64,080

Shareholders' funds

 

70,996

64,090

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Altiora Marketing Limited

(Registration number: 10958248)
Balance Sheet as at 30 September 2024
(continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 June 2025 and signed on its behalf by:
 

.........................................
Mrs Anna Catherine Roby-Welford
Director

.........................................
Mr Colin Eric Roby-Welford
Director

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Risbury Mill
Risbury
Nr Leominster
Herefordshire
HR6 0NG
England

These financial statements were authorised for issue by the Board on 19 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
(continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
(continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Fixtures and fittings

20% of cost per annum

Computer equipment

33% of cost per annum

Plant and machinery

15% of cost per annum

Motor vehicles

25% of written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
(continued)

2

Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
(continued)

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

6,556

1,956

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
(continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

18,192

-

18,192

Additions

1,083

25,200

26,283

At 30 September 2024

19,275

25,200

44,475

Depreciation

At 1 October 2023

10,633

-

10,633

Charge for the year

1,831

4,725

6,556

At 30 September 2024

12,464

4,725

17,189

Carrying amount

At 30 September 2024

6,811

20,475

27,286

At 30 September 2023

7,559

-

7,559

6

Debtors

Current

2024
£

2023
£

Trade debtors

39,887

64,435

Prepayments

2,029

-

 

41,916

64,435

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
(continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9,862

5,433

Trade creditors

 

1,460

12,923

Taxation and social security

 

12,687

7,953

Accruals and deferred income

 

1,958

1,826

Other creditors

 

1,043

4

 

27,010

28,139

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6,100

9,653

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

       

9

Obligations under leases and hire purchase contracts

Finance leases

 

Altiora Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
(continued)

9

Obligations under leases and hire purchase contracts (continued)

HP on ranger

The total of future minimum lease payments is as follows:

2024
£

2023
£

Later than one year and not later than five years

5,675

-

10

Related party transactions

The company received management charges of £6,929 (2023 £16,293) from the Three Counties Defence and Security (Trading) Limited which is under the control of Mr Richard Morgan and Mrs Anna Roby-Welford, who is a director of this company.

The company incurred expenses of £37,080 (2023 £23,474) on behalf of the Three Counties Defence and Security (Trading) Limited which are shown in the accounts, the expenses will be recharged.