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REGISTERED NUMBER: 04484160 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Auriga Energy Limited

Auriga Energy Limited (Registered number: 04484160)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Auriga Energy Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J Singh





REGISTERED OFFICE: Easton Business Centre
Felix Road
Easton
Bristol
BS5 0HE





REGISTERED NUMBER: 04484160 (England and Wales)





ACCOUNTANTS: DEP Business Services Ltd
Easton Business Centre
Felix Road
Easton
Bristol
BS5 0HE

Auriga Energy Limited (Registered number: 04484160)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 94,357 55,937
Tangible assets 5 232 465
94,589 56,402

CURRENT ASSETS
Debtors 6 95,060 92,394
Cash at bank 68,668 80,531
163,728 172,925
CREDITORS
Amounts falling due within one year 7 326,414 267,752
NET CURRENT LIABILITIES (162,686 ) (94,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(68,097

)

(38,425

)

CAPITAL AND RESERVES
Called up share capital 1,112 1,112
Share premium 24,888 24,888
Retained earnings (94,097 ) (64,425 )
(68,097 ) (38,425 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 22 April 2024 and were signed by:



J Singh - Director


Auriga Energy Limited (Registered number: 04484160)

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

1. STATUTORY INFORMATION

Auriga Energy 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.

Intangible assets
Intangible assets comprise research and development projects which are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Where a project results in sales income further research and development costs are written off in the year in which they are incurred. Research and development costs which have been capitalised are amortised evenly over their estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Auriga Energy Limited (Registered number: 04484160)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022 318,259
Additions 123,290
Grants (66,098 )
At 31 July 2023 375,451
AMORTISATION
At 1 August 2022 262,322
Charge for year 18,772
At 31 July 2023 281,094
NET BOOK VALUE
At 31 July 2023 94,357
At 31 July 2022 55,937

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 931
DEPRECIATION
At 1 August 2022 466
Charge for year 233
At 31 July 2023 699
NET BOOK VALUE
At 31 July 2023 232
At 31 July 2022 465

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 944 923
Other debtors 94,116 91,471
95,060 92,394

Auriga Energy Limited (Registered number: 04484160)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 59
Trade creditors 927 1,412
Taxation and social security 4,396 (4,600 )
Other creditors 321,091 270,881
326,414 267,752

The amount owed to the Director at the year end is £316,080 which will be subjugated in favour of the company's other creditors.