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Registered number: 11990104
Auric Global Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2023
Simpson Associates
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11990104
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105 140
Investments 5 769 769
874 909
CURRENT ASSETS
Debtors 6 1,313,422 987,478
Cash at bank and in hand 396 8,938
1,313,818 996,416
Creditors: Amounts Falling Due Within One Year 7 (1,148,005 ) (785,161 )
NET CURRENT ASSETS (LIABILITIES) 165,813 211,255
TOTAL ASSETS LESS CURRENT LIABILITIES 166,687 212,164
Creditors: Amounts Falling Due After More Than One Year 8 (38,049 ) (39,721 )
NET ASSETS 128,638 172,443
CAPITAL AND RESERVES
Called up share capital 9 120 120
Share premium account 800,005 800,005
Profit and Loss Account (671,487 ) (627,682 )
SHAREHOLDERS' FUNDS 128,638 172,443
Page 1
Page 2
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J G Riddick
Director
Mr R A Healey
Director
16/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Auric Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11990104 . The registered office is International House, 36-38 Cornhill, London, EC3V 3NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2022 333
As at 31 May 2023 333
Depreciation
As at 1 June 2022 193
Provided during the period 35
As at 31 May 2023 228
Net Book Value
As at 31 May 2023 105
As at 1 June 2022 140
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 June 2022 769
As at 31 May 2023 769
Provision
As at 1 June 2022 -
As at 31 May 2023 -
Net Book Value
As at 31 May 2023 769
As at 1 June 2022 769
6. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 965,754 959,383
Other debtors 347,668 28,095
1,313,422 987,478
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,711 2,711
Bank loans and overdrafts 9,700 9,526
Other creditors 1,132,564 769,894
Taxation and social security 3,030 3,030
1,148,005 785,161
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 38,049 39,721
38,049 39,721
Page 4
Page 5
9. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 100 100
Called Up Share Capital has been paid up 20 20
Amount of Allotted, Called Up Share Capital 120 120
Page 5