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REGISTERED NUMBER: SC404958 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Aurora Marine Ltd.

Aurora Marine Ltd. (Registered number: SC404958)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aurora Marine Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C A Leask
Mrs V C Leask





REGISTERED OFFICE: Vaarhjem
Hillhead
Symbister
Whalsay
Shetland
ZE2 9AQ





REGISTERED NUMBER: SC404958 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Aurora Marine Ltd. (Registered number: SC404958)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,367 7,879
Investments 5 50 50
5,417 7,929

CURRENT ASSETS
Debtors: amounts falling due within one year 6 266,166 111,263
Debtors: amounts falling due after more than
one year

6

4,732,007

4,707,007
Cash at bank 21,399 12,432
5,019,572 4,830,702
CREDITORS
Amounts falling due within one year 7 63,745 18,728
NET CURRENT ASSETS 4,955,827 4,811,974
TOTAL ASSETS LESS CURRENT LIABILITIES 4,961,244 4,819,903

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 4,961,094 4,819,753
SHAREHOLDERS' FUNDS 4,961,244 4,819,903

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

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

Aurora Marine Ltd. (Registered number: SC404958)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:




C A Leask - Director



Mrs V C Leask - Director


Aurora Marine Ltd. (Registered number: SC404958)

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

1. STATUTORY INFORMATION

Aurora Marine Ltd. is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost and 20% 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 2 (2022 - 2 ) .

Aurora Marine Ltd. (Registered number: SC404958)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 12,042 2,173 14,215
DEPRECIATION
At 1 January 2023 4,695 1,641 6,336
Charge for year 2,261 251 2,512
At 31 December 2023 6,956 1,892 8,848
NET BOOK VALUE
At 31 December 2023 5,086 281 5,367
At 31 December 2022 7,347 532 7,879

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 50
NET BOOK VALUE
At 31 December 2023 50
At 31 December 2022 50

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 2,857 1,800
Other debtors 263,309 109,463
266,166 111,263

Amounts falling due after more than one year:
Other debtors 4,732,007 4,707,007

Aggregate amounts 4,998,173 4,818,270

Aurora Marine Ltd. (Registered number: SC404958)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 318 1,081
Taxation and social security 61,242 16,527
Other creditors 2,185 1,120
63,745 18,728