Altimus.Com Limited - Abbreviated accounts 16.1

Altimus.Com Limited - Abbreviated accounts 16.1

ALTIMUS.COM LIMITED - Company Information

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REGISTERED NUMBER: 03263714 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

ALTIMUS.COM LIMITED

ALTIMUS.COM LIMITED (REGISTERED NUMBER: 03263714)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

ALTIMUS.COM LIMITED (REGISTERED NUMBER: 03263714)

ABBREVIATED BALANCE SHEET
31 October 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,349 3,132

CURRENT ASSETS
Debtors 39,334 37,354
Cash at bank and in hand 78,127 42,967
117,461 80,321
CREDITORS
Amounts falling due within one year 36,303 25,144
NET CURRENT ASSETS 81,158 55,177
TOTAL ASSETS LESS CURRENT
LIABILITIES
83,507
58,309

PROVISIONS FOR LIABILITIES 393 533
NET ASSETS 83,114 57,776

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 83,014 57,676
SHAREHOLDERS' FUNDS 83,114 57,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 24 May 2016 and were signed on its behalf by:





R C Edmonds - Director


The notes form part of these abbreviated accounts

Page 1
ALTIMUS.COM LIMITED (REGISTERED NUMBER: 03263714)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2015

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 2014
and 31 October 2015 76,880
DEPRECIATION
At 1 November 2014 73,748
Charge for year 783
At 31 October 2015 74,531
NET BOOK VALUE
At 31 October 2015 2,349
At 31 October 2014 3,132

Page 2 continued...
ALTIMUS.COM LIMITED (REGISTERED NUMBER: 03263714)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 October 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
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 2015 and
31 October 2014:

2015 2014
£    £   
R C Edmonds and Mrs S A Edmonds
Balance outstanding at start of year 3,569 (10,212 )
Amounts advanced 26,169 48,281
Amounts repaid (32,000 ) (34,500 )
Balance outstanding at end of year (2,262 ) 3,569

Page 3