ALTWOOD SERVICES LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06845725

ALTWOOD SERVICES LIMITED

Filleted Unaudited Financial Statements

31 March 2026

ALTWOOD SERVICES LIMITED

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	5,950	7,459
Tangible assets	6	78,810	109,700
		--------	---------
		84,760	117,159

Current assets

Debtors	7	–	1,552
Cash at bank and in hand		39,792	15,253
		--------	--------
		39,792	16,805

Creditors: amounts falling due within one year	8	108,648		177,676
		---------		---------
Net current liabilities			68,856	160,871
			--------	---------
Total assets less current liabilities			15,904	( 43,712)

Creditors: amounts falling due after more than one year	9		139,682	308,900

Provisions

Taxation including deferred tax	10	( 54,546)	( 113,769)
		---------	---------
Net liabilities		( 69,232)	( 238,843)
		---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	( 79,232)	( 248,843)
	--------	---------
Shareholders deficit	( 69,232)	( 238,843)
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

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

ALTWOOD SERVICES LIMITED

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

L Taylor

Director

Company registration number: 06845725

ALTWOOD SERVICES LIMITED

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, W1F 7JY, London.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable during the period, in respect of hosting sales, web design, programming and various consultancy services.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Software Development	-	3 Years
Web Design	-	7 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Furniture	-	25% reducing balance
Motor Vehicle	-	20% reducing balance
Computer Equipment	-	33 % reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Intangible assets

	Software Development	Web Design	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	249,993	53,850	303,843
	---------	--------	---------
Amortisation
At 1 April 2025	247,817	48,567	296,384
Charge for the year	755	754	1,509
	---------	--------	---------
At 31 March 2026	248,572	49,321	297,893
	---------	--------	---------
Carrying amount
At 31 March 2026	1,421	4,529	5,950
	---------	--------	---------
At 31 March 2025	2,176	5,283	7,459
	---------	--------	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	192,887	59,495	139,200	391,582
Additions	3,951	–	13,280	17,231
Disposals	–	( 59,495)	–	( 59,495)
	---------	--------	---------	---------
At 31 March 2026	196,838	–	152,480	349,318
	---------	--------	---------	---------
Depreciation
At 1 April 2025	112,937	35,161	133,784	281,882
Charge for the year	17,617	–	6,170	23,787
Disposals	–	( 35,161)	–	( 35,161)
	---------	--------	---------	---------
At 31 March 2026	130,554	–	139,954	270,508
	---------	--------	---------	---------
Carrying amount
At 31 March 2026	66,284	–	12,526	78,810
	---------	--------	---------	---------
At 31 March 2025	79,950	24,334	5,416	109,700
	---------	--------	---------	---------

7. Debtors

	2026	2025
	£	£
Other debtors	–	1,552
	----	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	38,594	4,981
Other creditors	70,054	172,695
	---------	---------
	108,648	177,676
	---------	---------

Other creditor include Hire purchase creditor of £nil(2025:£7,191). In addition, there are bank loans of £67,854 (2025:£85,746).

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	29,595	38,106
Directors loan due more than 1 year	110,087	245,104
Other creditors	–	25,690
	---------	---------
	139,682	308,900
	---------	---------

Other creditors include Hire purchase creditor due after more than one year of £nil (2025:£25,690).

10. Provisions

	Deferred tax
	£
At 1 April 2025	( 113,769)
Charge against provision	59,223
	---------
At 31 March 2026	( 54,546)
	---------

This consists of deferred tax asset based on tax losses.

11. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.