ALTIDO_LIMITED - Accounts

ALTIDO LIMITED - Company Information

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Company Registration No. 08795525 (England and Wales)

ALTIDO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

ALTIDO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ALTIDO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,049

1,606

Current assets

Debtors

15,149

22,164

Cash at bank and in hand

16,034

7,533

31,183

29,697

Creditors: amounts falling due within one year

(34,188)

(26,422)

Net current liabilities/(assets)

(3,005)

3,275

Total assets less current liabilities

(956)

4,881

Capital and reserves

Called up share capital

102

Profit and loss account

(1,058)

4,779

Shareholders' funds

(956)

4,881

For the financial year ended 30 November 2016 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 April 2017

S L Lakin

S C Eyre

Director

Company Registration No. 08795525

ALTIDO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Going Concern

The company is no longer a going concern. Altido Limited ceased trading on 31 October 2016 and the company will enter into voluntary liquidation.

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

Fixtures, fittings & equipment

25% straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Fixed assets

Tangible assets

Cost

At 1 December 2015

2,297

Additions

1,646

At 30 November 2016

3,943

Depreciation

At 1 December 2015

691

Charge for the year

1,203

At 30 November 2016

1,894

Net book value

At 30 November 2016

2,049

At 30 November 2015

1,606

ALTIDO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

2 Ordinary A shares of £1 each

102

Related party relationships and transactions

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

S L Lakin

3,632

3,511

121

S C Eyre

3,632

7,016

(3,384)

7,264

10,527

(3,263)