Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity108truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09979828 2022-04-01 2023-03-31 09979828 2021-04-01 2022-03-31 09979828 2023-03-31 09979828 2022-03-31 09979828 c:Director1 2022-04-01 2023-03-31 09979828 d:FurnitureFittings 2022-04-01 2023-03-31 09979828 d:FurnitureFittings 2023-03-31 09979828 d:FurnitureFittings 2022-03-31 09979828 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09979828 d:OfficeEquipment 2022-04-01 2023-03-31 09979828 d:OfficeEquipment 2023-03-31 09979828 d:OfficeEquipment 2022-03-31 09979828 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09979828 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09979828 d:CurrentFinancialInstruments 2023-03-31 09979828 d:CurrentFinancialInstruments 2022-03-31 09979828 d:Non-currentFinancialInstruments 2023-03-31 09979828 d:Non-currentFinancialInstruments 2022-03-31 09979828 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09979828 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09979828 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09979828 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09979828 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09979828 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09979828 d:ShareCapital 2023-03-31 09979828 d:ShareCapital 2022-03-31 09979828 d:RetainedEarningsAccumulatedLosses 2023-03-31 09979828 d:RetainedEarningsAccumulatedLosses 2022-03-31 09979828 c:FRS102 2022-04-01 2023-03-31 09979828 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09979828 c:FullAccounts 2022-04-01 2023-03-31 09979828 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09979828 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09979828









AURIC SOUTHERN LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
AURIC SOUTHERN LTD
REGISTERED NUMBER: 09979828

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,143
7,032

  
6,143
7,032

Current assets
  

Stocks
  
275,275
295,494

Debtors: amounts falling due within one year
 5 
113,401
62,610

Cash at bank and in hand
  
17,241
23,902

  
405,917
382,006

Creditors: amounts falling due within one year
 6 
(325,113)
(275,795)

Net current assets
  
 
 
80,804
 
 
106,211

Total assets less current liabilities
  
86,947
113,243

Creditors: amounts falling due after more than one year
 7 
(43,055)
(46,527)

  

Net assets
  
43,892
66,716


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
43,792
66,616

  
43,892
66,716


Page 1

 
AURIC SOUTHERN LTD
REGISTERED NUMBER: 09979828
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 November 2023.




................................................
R Bentley
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
AURIC SOUTHERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Auric Southern Ltd is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is 30/32 High Street, Wimborne, Dorset, BH21 1HT. The registered number is 09979828.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AURIC SOUTHERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.

Page 4

 
AURIC SOUTHERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance method
Office equipment
-
25% reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
AURIC SOUTHERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. 


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 8).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
15,665
4,894
20,559


Additions
800
360
1,160



At 31 March 2023

16,465
5,254
21,719



Depreciation


At 1 April 2022
10,182
3,346
13,528


Charge for the year on owned assets
1,571
477
2,048



At 31 March 2023

11,753
3,823
15,576



Net book value



At 31 March 2023
4,712
1,431
6,143



At 31 March 2022
5,483
1,549
7,032

Page 6

 
AURIC SOUTHERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
12
12

Other debtors
107,389
58,598

Prepayments and accrued income
6,000
4,000

113,401
62,610



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,565
-

Corporation tax
4,136
4,082

Other taxation and social security
13,943
6,029

Other creditors
294,745
262,684

Accruals and deferred income
5,724
3,000

325,113
275,795



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
43,055
46,527

43,055
46,527


Page 7

 
AURIC SOUTHERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,565
-


6,565
-


Amounts falling due 2-5 years

Bank loans
43,055
46,528


43,055
46,528


49,620
46,528


 
Page 8