Registered number
11831836
AUN Limited
Filleted Accounts
29 February 2024
AUN Limited
Registered number: 11831836
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,000 8,000
Tangible assets 4 19,918 6,378
21,918 14,378
Current assets
Debtors 5 67,796 56,617
Cash at bank and in hand 90,226 50,625
158,022 107,242
Creditors: amounts falling due within one year 6 (104,908) (103,521)
Net current assets 53,114 3,721
Total assets less current liabilities 75,032 18,099
Creditors: amounts falling due after more than one year 7 - (2,216)
Net assets 75,032 15,883
Capital and reserves
Called up share capital 300 300
Profit and loss account 74,732 15,583
Shareholder's funds 75,032 15,883
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SMA Akbar
Director
Approved by the board on 25 July 2024
AUN Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 18
3 Intangible fixed assets £
Franchise fee:
Cost
At 1 March 2023 30,000
At 29 February 2024 30,000
Amortisation
At 1 March 2023 22,000
Provided during the year 6,000
At 29 February 2024 28,000
Net book value
At 29 February 2024 2,000
At 28 February 2023 8,000
Franchise fee is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 2,199 7,000 9,199
Additions - 20,300 20,300
At 29 February 2024 2,199 27,300 29,499
Depreciation
At 1 March 2023 1,071 1,750 2,821
Charge for the year 372 6,388 6,760
At 29 February 2024 1,443 8,138 9,581
Net book value
At 29 February 2024 756 19,162 19,918
At 28 February 2023 1,128 5,250 6,378
5 Debtors 2024 2023
£ £
Trade debtors 60,651 47,999
Other debtors 7,145 8,618
67,796 56,617
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,812 10,000
Trade creditors 43,891 38,210
Taxation and social security costs 22,861 10,094
Other creditors 36,344 45,217
104,908 103,521
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 2,216
8 Other information
AUN Limited is a private company limited by shares and incorporated in England. Its registered office is:
Old Court House
20 Simpson Road
Bletchley
Milton Keynes
MK2 2DD
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