Altimus.Com Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03263714 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

ALTIMUS.COM LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

3,132

4,176

CURRENT ASSETS

Debtors

37,354

60,740

Cash at bank and in hand

42,967

50,920

80,321

111,660

CREDITORS

Amounts falling due within one year

25,144

64,151

NET CURRENT ASSETS

55,177

47,509

TOTAL ASSETS LESS CURRENT LIABILITIES

58,309

51,685

PROVISIONS FOR LIABILITIES

533

722

NET ASSETS

57,776

50,963

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

57,676

50,863

SHAREHOLDERS' FUNDS

57,776

50,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 July 2015 and were signed on its behalf by:

R C Edmonds - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the value of sales (excluding value added tax) of services provided within the normal course

of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

50% on cost

Office equipment

-

50% on cost and 20% on cost

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

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 rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

76,880

DEPRECIATION

At 1 November 2013

72,704

Charge for year

1,044

At 31 October 2014

73,748

NET BOOK VALUE

At 31 October 2014

3,132

At 31 October 2013

4,176

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2014 and

31 October 2013:

2014

2013

£

£

R C Edmonds and Mrs S A Edmonds

Balance outstanding at start of year

(10,212

)

(41,514

)

Amounts advanced

48,281

65,802

Amounts repaid

(34,500

)

(34,500

)

Balance outstanding at end of year

3,569

(10,212

)