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REGISTERED NUMBER: 03017283 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Aujla Business Systems Limited

Aujla Business Systems Limited (Registered number: 03017283)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Aujla Business Systems Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr P Aujla
Miss R K Mahay





REGISTERED OFFICE: 34 Hercules Way
Farnborough
Hampshire
GU14 GUU





REGISTERED NUMBER: 03017283 (England and Wales)





ACCOUNTANTS: Northover & Co Accountants Ltd
132A Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Aujla Business Systems Limited (Registered number: 03017283)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 941,132 979,738
Investments 5 1,150,000 1,150,000
2,091,132 2,129,738

CURRENT ASSETS
Stocks 37,655 37,655
Debtors 214,504 164,004
Cash at bank 197,923 340,200
450,082 541,859
CREDITORS
Amounts falling due within one year 230,427 289,862
NET CURRENT ASSETS 219,655 251,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,310,787

2,381,735

CREDITORS
Amounts falling due after more than one
year

662,389

750,327
NET ASSETS 1,648,398 1,631,408

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 1,648,396 1,631,406
SHAREHOLDERS' FUNDS 1,648,398 1,631,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Aujla Business Systems Limited (Registered number: 03017283)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:




Mr P Aujla - Director



Miss R K Mahay - Director


Aujla Business Systems Limited (Registered number: 03017283)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Aujla Business Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on building cost
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Office Storage - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation 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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

Aujla Business Systems Limited (Registered number: 03017283)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 1,488,411
Additions 226
At 31 May 2023 1,488,637
DEPRECIATION
At 1 June 2022 508,673
Charge for year 38,832
At 31 May 2023 547,505
NET BOOK VALUE
At 31 May 2023 941,132
At 31 May 2022 979,738

5. FIXED ASSET INVESTMENTS

The company owns shares in Aujla Business Software Pvt Ltd, a company registered in Goa, India.

6. DEFERRED TAX
£   
Provided during year (1,870 )
Balance at 31 May 2023 (1,870 )

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

8. RESERVES
Retained
earnings
£   

At 1 June 2022 1,631,406
Profit for the year 64,990
Dividends (48,000 )
At 31 May 2023 1,648,396

Aujla Business Systems Limited (Registered number: 03017283)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Miss R K Mahay
Balance outstanding at start of year - -
Amounts advanced 228 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 228 -