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REGISTERED NUMBER: 11494141 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AURIS EAR CARE LIMITED

AURIS EAR CARE LIMITED (REGISTERED NUMBER: 11494141)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AURIS EAR CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Dr R Rampuri
Dr M M Verkerk





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 11494141 (England and Wales)





ACCOUNTANTS: AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA

AURIS EAR CARE LIMITED (REGISTERED NUMBER: 11494141)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,914 41,289
Tangible assets 5 7,962 13,736
Investments 6 20,754 20,095
67,630 75,120

CURRENT ASSETS
Debtors 7 10,158 18,570
Cash at bank 3,062 20,122
13,220 38,692
CREDITORS
Amounts falling due within one year 8 4,160 5,196
NET CURRENT ASSETS 9,060 33,496
TOTAL ASSETS LESS CURRENT LIABILITIES 76,690 108,616

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 76,680 108,606
76,690 108,616

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.

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 13 September 2024 and were signed on its behalf by:





Dr R Rampuri - Director


AURIS EAR CARE LIMITED (REGISTERED NUMBER: 11494141)

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

1. STATUTORY INFORMATION

Auris Ear Care Limited 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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
Motor vehicles - 25% on cost
Computer equipment - 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 4 (2022 - 4 ) .

AURIS EAR CARE LIMITED (REGISTERED NUMBER: 11494141)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 47,489
AMORTISATION
At 1 January 2023 6,200
Charge for year 2,375
At 31 December 2023 8,575
NET BOOK VALUE
At 31 December 2023 38,914
At 31 December 2022 41,289

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 4,951 16,600 3,170 24,721
DEPRECIATION
At 1 January 2023 2,821 6,896 1,268 10,985
Charge for year 990 4,150 634 5,774
At 31 December 2023 3,811 11,046 1,902 16,759
NET BOOK VALUE
At 31 December 2023 1,140 5,554 1,268 7,962
At 31 December 2022 2,130 9,704 1,902 13,736

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 20,095
Additions 659
At 31 December 2023 20,754
NET BOOK VALUE
At 31 December 2023 20,754
At 31 December 2022 20,095

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 350
Other debtors 10,158 18,220
10,158 18,570

AURIS EAR CARE LIMITED (REGISTERED NUMBER: 11494141)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,960 268
Taxation and social security - 3,728
Other creditors 1,200 1,200
4,160 5,196