REGISTERED NUMBER:
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ALTIUM UK LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022 |
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REGISTERED NUMBER:
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ALTIUM UK LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022 |
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ALTIUM UK LIMITED (REGISTERED NUMBER: 02889888) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2022 |
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Page |
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Company information | 1 |
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Statement of financial position | 2 | to | 3 |
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Notes to the financial statements | 4 | to | 7 |
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ALTIUM UK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2022 |
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Directors: |
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Registered office: |
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Registered number: |
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Auditors: |
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Chartered Accountants and Statutory Auditors |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
ALTIUM UK LIMITED (REGISTERED NUMBER: 02889888) |
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STATEMENT OF FINANCIAL POSITION |
30TH JUNE 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Share premium |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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ALTIUM UK LIMITED (REGISTERED NUMBER: 02889888) |
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STATEMENT OF FINANCIAL POSITION - continued |
30TH JUNE 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ALTIUM UK LIMITED (REGISTERED NUMBER: 02889888) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2022 |
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1. | STATUTORY INFORMATION |
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Altium UK Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are prepared on a going concern basis and under the historical cost convention. |
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Significant judgements and estimates |
No significant judgements or estimates have had to be made by the directors in preparing these financial statements. |
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Revenue |
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year. |
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Income recognition |
Software licences: |
Revenue is recognised at a point in time when license activation is available to the user. |
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Subscription and maintenance: |
Revenue is deferred and is subsequently recognised over the period in which the subscription service is provided. As the billing structure for customers is often bundled with licenses and billed on activation, there is an allocation methodology applied based on stand-alone selling prices to calculate the portion of revenue to be deferred. |
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Services revenue: |
Revenue from providing services is recognised over the period in which the services are rendered. Services include training and implementation services. |
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Property, plant and equipment |
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Fixtures and fittings | - |
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Computer equipment | - |
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ALTIUM UK LIMITED (REGISTERED NUMBER: 02889888) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2022 |
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3. | ACCOUNTING POLICIES - continued |
Tax |
Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred tax assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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. |
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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 income statement in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ALTIUM UK LIMITED (REGISTERED NUMBER: 02889888) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2022 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1st July 2021 |
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Additions |
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Disposals | ( |
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At 30th June 2022 |
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Depreciation |
At 1st July 2021 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30th June 2022 |
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Net book value |
At 30th June 2022 |
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At 30th June 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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ALTIUM UK LIMITED (REGISTERED NUMBER: 02889888) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2022 |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
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9. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2022 | 2021 |
£ | £ |
Within one year |
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Between one and five years |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary A | £1 | 2,500 | 2,500 |
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Ordinary B | £1 | 500 | 500 |
3,000 | 3,000 |
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11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the auditors was unqualified. |
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for and on behalf of
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12. | PARENT UNDERTAKING AND ULTIMATE HOLDING COMPANY |
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The parent undertaking and ultimate holding company is Altium Limited, a company incorporated in Australia. The group financial statements in which the company's results are consolidated can be obtained from: Level 6, Tower B, The Zenith, 821 Pacific Highway, Chatswood NSW 2067, Australia. |