Company Registration No. 11609127 (England and Wales)
Altitude Accounting Limited
Unaudited accounts
for the year ended 31 March 2025
Altitude Accounting Limited
Unaudited accounts
Contents
Altitude Accounting Limited
Company Information
for the year ended 31 March 2025
Directors
Graham Seddon
Amy Askew
Company Number
11609127 (England and Wales)
Registered Office
First Floor
129 High Street
Guildford
GU1 3AA
Altitude Accounting Limited
Statement of financial position
as at 31 March 2025
Intangible assets
-
651,240
Tangible assets
158,625
158,625
Cash at bank and in hand
147,862
50,185
Creditors: amounts falling due within one year
(238,299)
(395,970)
Net current assets/(liabilities)
37,925
(6,816)
Net assets
196,550
803,049
Called up share capital
2
2
Profit and loss account
196,548
803,047
Shareholders' funds
196,550
803,049
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by
Amy Askew
Director
Company Registration No. 11609127
Altitude Accounting Limited
Notes to the Accounts
for the year ended 31 March 2025
Altitude Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 11609127. The registered office is First Floor, 129 High Street, Guildford, GU1 3AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Altitude Accounting Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Charge for the year
36,180
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
13,399
120,851
100
24,275
158,625
At 31 March 2025
13,399
120,851
100
24,275
158,625
At 31 March 2025
-
-
-
-
-
At 31 March 2025
13,399
120,851
100
24,275
158,625
At 31 March 2024
13,399
120,851
100
24,275
158,625
Amounts falling due within one year
Trade debtors
104,512
104,480
Amounts due from group undertakings etc.
-
30,533
Accrued income and prepayments
26,643
18,956
Other debtors
(2,793)
185,000
Altitude Accounting Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
21,315
69,598
Taxes and social security
108,475
67,127
Other creditors
3,333
3,424
Loans from directors
-
158,824
8
Average number of employees
During the year the average number of employees was 25 (2024: 23).