Company registration number 12540481 (England and Wales)
ALTERD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ALTERD LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ALTERD LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,636
5,338
Current assets
Debtors
4
261,517
77,194
Cash at bank and in hand
4,936
54,010
266,453
131,204
Creditors: amounts falling due within one year
5
(244,716)
(126,320)
Net current assets
21,737
4,884
Total assets less current liabilities
30,373
10,222
Provisions for liabilities
(2,159)
(1,054)
Net assets
28,214
9,168
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
28,212
9,166
Total equity
28,214
9,168

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 October 2025 and are signed on its behalf by:
Mr W R Lucking
Director
Company registration number 12540481 (England and Wales)
ALTERD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Alterd Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 584 Wellsway, Bath, Somerset, UK, BA2 2UE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ALTERD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
4
ALTERD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
8,522
Additions
6,177
At 31 March 2025
14,699
Depreciation and impairment
At 1 April 2024
3,184
Depreciation charged in the year
2,879
At 31 March 2025
6,063
Carrying amount
At 31 March 2025
8,636
At 31 March 2024
5,338
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
249,743
67,989
Other debtors
11,774
9,205
261,517
77,194
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
103,260
24,254
Amounts owed to group undertakings
41,517
50,746
Corporation tax
37,506
26,982
Other taxation and social security
34,433
22,238
Other creditors
28,000
2,100
244,716
126,320
2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr W Lucking Miss C Richards 12540481 2024-04-01 2025-03-31 12540481 2025-03-31 12540481 2024-03-31 12540481 core:OtherPropertyPlantEquipment 2025-03-31 12540481 core:OtherPropertyPlantEquipment 2024-03-31 12540481 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12540481 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12540481 core:ShareCapital 2025-03-31 12540481 core:ShareCapital 2024-03-31 12540481 core:RetainedEarningsAccumulatedLosses 2025-03-31 12540481 core:RetainedEarningsAccumulatedLosses 2024-03-31 12540481 bus:Director1 2024-04-01 2025-03-31 12540481 core:ComputerEquipment 2024-04-01 2025-03-31 12540481 2023-04-01 2024-03-31 12540481 core:OtherPropertyPlantEquipment 2024-03-31 12540481 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 12540481 core:CurrentFinancialInstruments 2025-03-31 12540481 core:CurrentFinancialInstruments 2024-03-31 12540481 core:WithinOneYear 2025-03-31 12540481 core:WithinOneYear 2024-03-31 12540481 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12540481 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12540481 bus:FRS102 2024-04-01 2025-03-31 12540481 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12540481 bus:Director2 2024-04-01 2025-03-31 12540481 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP