Altius Consulting Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02748906

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Altius Consulting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S J Goldsmith

S J Anderson

D J A Kilpatrick

SECRETARY:

Ms J Brewer

REGISTERED OFFICE:

River Court

Mill Lane

Godalming

Surrey

GU7 1EZ

REGISTERED NUMBER:

02748906

ACCOUNTANTS:

Roffe Swayne

Chartered Accountants

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

FIXED ASSETS

Tangible assets

2

104,531

94,452

CURRENT ASSETS

Debtors

2,709,597

1,242,542

Cash at bank

390,999

173,137

3,100,596

1,415,679

CREDITORS

Amounts falling due within one year

2,135,005

1,240,991

NET CURRENT ASSETS

965,591

174,688

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,070,122

269,140

CAPITAL AND RESERVES

Called up share capital

3

202

Share premium

706

Capital redemption reserve

1

Profit and loss account

1,069,213

268,231

1,070,122

269,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2016 and were signed on
its behalf by:

S J Goldsmith - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8

Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries

within the group.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains 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.

Short leasehold

-

not provided

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

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.

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.

Share based payments

Altius Consulting Limited operates an Enterprise Management Incentive Scheme ('EMI Scheme') for a

number of its employees. The options are exercisable in three separate tranches over a four year

period.

The Financial Reporting Standard for Smaller Entities requires the company to determine the fair value

of the options granted each year, and to make a charge to the profit and loss account for that amount.

In respect of the requirement to determine the fair value of the options granted, the directors have

referred to the HM Revenue & Customs valuations as a guide.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

239,102

Additions

44,585

Disposals

(3,571

)

At 31 December 2015

280,116

DEPRECIATION

At 1 January 2015

144,650

Charge for year

31,491

Eliminated on disposal

(556

)

At 31 December 2015

175,585

NET BOOK VALUE

At 31 December 2015

104,531

At 31 December 2014

94,452

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

Value:

£

100

Ordinary A

£1

100

1

Ordinary B

£1

1

100

Ordinary C

£1

100

1

Ordinary D

£1

1

202

4.	ULTIMATE PARENT COMPANY

Cloudpoint Limited is regarded by the directors as being the company's ultimate parent company.