PTP Accounts Production v22.1.0.628 NI618286 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI6182862022-05-31NI6182862023-05-31NI6182862022-06-012023-05-31NI6182862021-05-31NI6182862021-06-012022-05-31NI6182862022-05-31NI618286ns16:NorthernIreland2022-06-012023-05-31NI618286ns15:PoundSterling2022-06-012023-05-31NI618286ns11:Director12022-06-012023-05-31NI618286ns11:Director22022-06-012023-05-31NI618286ns11:PrivateLimitedCompanyLtd2022-06-012023-05-31NI618286ns11:SmallEntities2022-06-012023-05-31NI618286ns11:AuditExempt-NoAccountantsReport2022-06-012023-05-31NI618286ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31NI618286ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-31NI618286ns11:FullAccounts2022-06-012023-05-31NI618286ns11:CompanySecretary12022-06-012023-05-31NI618286ns11:RegisteredOffice2022-06-012023-05-31NI618286ns6:CurrentFinancialInstruments2023-05-31NI618286ns6:CurrentFinancialInstruments2022-05-31NI618286ns6:ShareCapital2023-05-31NI618286ns6:ShareCapital2022-05-31NI618286ns6:RetainedEarningsAccumulatedLosses2023-05-31NI618286ns6:RetainedEarningsAccumulatedLosses2022-05-31NI618286ns6:PlantMachinery2022-06-012023-05-31NI618286ns6:PlantMachinery2022-05-31NI618286ns6:PlantMachinery2023-05-31NI618286ns6:PlantMachinery2022-05-31NI618286ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-31NI618286ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-31
REGISTERED NUMBER: NI618286 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Aurora Medical Skin Clinic Ltd

Aurora Medical Skin Clinic Ltd (Registered number: NI618286)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aurora Medical Skin Clinic Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Dr G Burns
Mrs B Burns





SECRETARY: Mrs B Burns





REGISTERED OFFICE: Unit HF 9, Twin Spires Complex
Howard Buildings
155 Northumberland Street
Belfast
Co. Antrim
BT13 2JF





REGISTERED NUMBER: NI618286 (Northern Ireland)





ACCOUNTANTS: Toman Accountancy Services Ltd
Unit HF 9, Twin Spires Complex
Howard Buildings
155 Northumberland Street
Belfast
Antrim
BT13 2JF

Aurora Medical Skin Clinic Ltd (Registered number: NI618286)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,962 16,202

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 2,876 5,500
Cash at bank 49,879 74,281
53,755 80,781
CREDITORS
Amounts falling due within one year 6 9,855 4,052
NET CURRENT ASSETS 43,900 76,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,862

92,931

PROVISIONS FOR LIABILITIES 2,462 3,078
NET ASSETS 54,400 89,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,300 89,753
SHAREHOLDERS' FUNDS 54,400 89,853

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.

Aurora Medical Skin Clinic Ltd (Registered number: NI618286)

Statement of Financial Position - 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.

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

The financial statements were authorised and approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:




Dr G Burns - Director



Mrs B Burns - Director


Aurora Medical Skin Clinic Ltd (Registered number: NI618286)

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

1. STATUTORY INFORMATION

Aurora Medical Skin Clinic Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

Consider the recoverability of trade debtors and work in progress and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 20% on reducing balance

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

Financial instruments
All financial statements of the company are considered to meet the definition of basic financial instruments.

-Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

-Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

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 statement of financial position date.


Aurora Medical Skin Clinic Ltd (Registered number: NI618286)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and is available to carry forward to future periods. This is measured at the un-discounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 84,294
DEPRECIATION
At 1 June 2022 68,092
Charge for year 3,240
At 31 May 2023 71,332
NET BOOK VALUE
At 31 May 2023 12,962
At 31 May 2022 16,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 2,876 5,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 3,445 53
Taxation and social security 508 (169 )
Other creditors 5,902 4,168
9,855 4,052

Aurora Medical Skin Clinic Ltd (Registered number: NI618286)

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

7. ULTIMATE CONTROLLING PARTY

The company continues to be controlled by Dr G Burns and Mrs B Burns by way of their shareholding.

8. SUBSEQUENT EVENTS

Subsequent to the year end, COVID-19 has caused significant disruption to the economic activity of many business's and their activities, this disruption has been worldwide.

The company has set robust cost containment measures to enable the business to continue to operate.