Company Registration No. 11564329 (England and Wales)
Altered Ltd
Unaudited accounts
for the year ended 30 September 2025
Altered Ltd
Unaudited accounts
Contents
Altered Ltd
Company Information
for the year ended 30 September 2025
Directors
Ioannis Agiomyrgiannakis
Ptw International Holdings Limited
Company Number
11564329 (England and Wales)
Registered Office
80 Paul Street
London
EC2A 4NE
England
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Altered Ltd
Statement of financial position
as at 30 September 2025
Tangible assets
16,937
25,259
Cash at bank and in hand
12,879
43,618
Creditors: amounts falling due within one year
(152,445)
(80,516)
Net current liabilities
(131,860)
(30,145)
Total assets less current liabilities
(114,923)
(4,886)
Creditors: amounts falling due after more than one year
(700,000)
(700,000)
Net liabilities
(814,923)
(704,886)
Called up share capital
141
141
Share premium
1,999,955
1,999,955
Profit and loss account
(2,815,019)
(2,704,982)
Shareholders' funds
(814,923)
(704,886)
For the year ending 30 September 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 November 2025 and were signed on its behalf by
Ioannis Agiomyrgiannakis
Director
Company Registration No. 11564329
Altered Ltd
Notes to the Accounts
for the year ended 30 September 2025
Altered Ltd is a private company, limited by shares, registered in England and Wales, registration number 11564329. The registered office is 80 Paul Street, London, EC2A 4NE, England.
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.
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.
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:
Computer equipment
21% straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The directors have considered the company’s financial position and the foreseeable future. After reviewing the company’s forecasts and projections, and taking into account the current economic conditions and expected future performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the financial statements have been prepared on a going concern basis.
Altered Ltd
Notes to the Accounts
for the year ended 30 September 2025
4
Tangible fixed assets
Computer equipment
At 30 September 2025
216,674
At 30 September 2025
199,737
At 30 September 2025
16,937
At 30 September 2024
25,259
Amounts falling due within one year
Accrued income and prepayments
-
708
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
23,904
33,381
Loans from directors
124,146
900
Deferred income
1,164
45,893
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
700,000
700,000
8
Average number of employees
During the year the average number of employees was 2 (2024: 5).