AURA PAYE LIMITED

Company Registration Number:
14749788 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 22 March 2023

End date: 30 June 2024

AURA PAYE LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

AURA PAYE LIMITED

Balance sheet

As at 30 June 2024


Notes

15 months to 30 June 2024


£
Called up share capital not paid: 1
Fixed assets
Intangible assets: 3 425,000
Tangible assets: 4 12,800
Total fixed assets: 437,800
Current assets
Stocks: 0
Debtors:   315,665
Cash at bank and in hand: 15,580
Total current assets: 331,245
Creditors: amounts falling due within one year:   (155,418)
Net current assets (liabilities): 175,827
Total assets less current liabilities: 613,628
Creditors: amounts falling due after more than one year:   (20,000)
Total net assets (liabilities): 593,628
Capital and reserves
Called up share capital: 1
Share premium account: 0
Revaluation reserve: 0
Other reserves: 593,627
Profit and loss account: 0
Shareholders funds: 593,628

The notes form part of these financial statements

AURA PAYE LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: Neil Marchant
Status: Director

The notes form part of these financial statements

AURA PAYE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Annual depreciation of all our IT, Communications and Computer equipment is calculated at 25% of cost to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime.

Intangible fixed assets and amortisation policy

Annual amortisation of goodwill and design IP covering our PAYE software application will be calculated at 25% to write off the cost of the asset, minus its residual value, over its estimated useful lifetime.

AURA PAYE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

15 months to 30 June 2024
Average number of employees during the period 5

AURA PAYE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
Additions 425,000
At 30 June 2024 425,000
Net book value
At 30 June 2024 425,000

AURA PAYE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
Additions 12,800
At 30 June 2024 12,800
Net book value
At 30 June 2024 12,800

AURA PAYE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Loans to directors

Name of director receiving advance or credit: Neil Marchant
Description of the loan: The Director is owed a sum of £3,950 as of the 30th of June 2024, there is no interest being charged to the company by the Director whilst this loan is outstanding.
£
Advances or credits made: 3,950
Advances or credits repaid: 0
Balance at 30 June 2024 3,950