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REGISTERED NUMBER: 10941572 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

AURORA BUILDING ENVELOPE SPECIALISTS LTD

AURORA BUILDING ENVELOPE SPECIALISTS LTD (REGISTERED NUMBER: 10941572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AURORA BUILDING ENVELOPE SPECIALISTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J C Watson
A A Mihaylov
Mrs L D Chiorean-Soldan





REGISTERED OFFICE: C/O AKS Advisers
14-15 Lower Grosvenor Place
London
SW1W 0EX





REGISTERED NUMBER: 10941572 (England and Wales)





ACCOUNTANTS: AKS Advisers
Fourth & Fifth Floors
14-15 Lower Grosvenor Place
London
SW1W 0EX

AURORA BUILDING ENVELOPE SPECIALISTS LTD (REGISTERED NUMBER: 10941572)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,521 119,122

CURRENT ASSETS
Debtors 5 1,336,859 1,579,086
Cash at bank and in hand 2,838,840 962,691
4,175,699 2,541,777
CREDITORS
Amounts falling due within one year 6 2,973,014 1,553,719
NET CURRENT ASSETS 1,202,685 988,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,273,206

1,107,180

PROVISIONS FOR LIABILITIES (2,635 ) (4,780 )
NET ASSETS 1,275,841 1,111,960

CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings 1,275,681 1,111,800
1,275,841 1,111,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 BUILDING ENVELOPE SPECIALISTS LTD (REGISTERED NUMBER: 10941572)

BALANCE SHEET - continued
31 AUGUST 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 30 August 2024 and were signed on its behalf by:




J C Watson - Director



Mrs L D Chiorean-Soldan - Director


AURORA BUILDING ENVELOPE SPECIALISTS LTD (REGISTERED NUMBER: 10941572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Aurora Building Envelope Specialists Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities.

Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Due to the simplicity of the Company's transaction streams and year-end financial position, the directors consider there to be no critical judgements, estimates or assumptions in the preparation of these financial statements.

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 etc - 25% on cost

Computer and office equipment - 25% straight line
Motor vehicles - 25% straight line

Financial instruments
Financial instruments are recognised in the Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument. Financial instruments are initially measured at transaction price unless the arrangement constitutes a financing transaction which includes transaction costs for financial instruments not subsequently measured at fair value.

Subsequent to initial recognition, they are measured as set out below. A financing transaction is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument


AURORA BUILDING ENVELOPE SPECIALISTS LTD (REGISTERED NUMBER: 10941572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company has reasonable cash balances and in addition the company has reported net assets of
£1,202,685 (2022: £988,058).

At the time of approving the financial statements, the directors are confident in the resilience of the business and its financial security, supported by a robust cash position, and believe that the company is well placed to manage its business risks successfully and has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

AURORA BUILDING ENVELOPE SPECIALISTS LTD (REGISTERED NUMBER: 10941572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 336,342
Additions 1,074
At 31 August 2023 337,416
DEPRECIATION
At 1 September 2022 217,220
Charge for year 49,675
At 31 August 2023 266,895
NET BOOK VALUE
At 31 August 2023 70,521
At 31 August 2022 119,122

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 602,866 623,432
Other debtors 699,876 955,654
1,302,742 1,579,086

Amounts falling due after more than one year:
Other debtors 34,117 -

Aggregate amounts 1,336,859 1,579,086

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 1,260,580 1,311,318
Taxation and social security 287,683 187,532
Other creditors 1,424,751 54,869
2,973,014 1,553,719

AURORA BUILDING ENVELOPE SPECIALISTS LTD (REGISTERED NUMBER: 10941572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
Mrs L D Chiorean-Soldan
Balance outstanding at start of year - 43,933
Amounts advanced 43,933 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,933 -

J C Watson
Balance outstanding at start of year - -
Amounts advanced 101,086 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 101,086 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is J C Watson.