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REGISTERED NUMBER: SC576890 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GRAND AURA LIMITED

GRAND AURA LIMITED (REGISTERED NUMBER: SC576890)






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

Chartered Certified Accountants' Report 6

GRAND AURA LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Dr S M Rajpara





REGISTERED OFFICE: 27 Queens Crescent
Aberdeen
AB15 4AZ





REGISTERED NUMBER: SC576890 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

GRAND AURA LIMITED (REGISTERED NUMBER: SC576890)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 48,492 67,519

CURRENT ASSETS
Stocks 6 1,406 29,511
Debtors 7 27,494 34,679
Cash at bank 1,098 3,533
29,998 67,723
CREDITORS
Amounts falling due within one year 8 485,591 502,608
NET CURRENT LIABILITIES (455,593 ) (434,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(407,101

)

(367,366

)

CREDITORS
Amounts falling due after more than one year 9 (11,299 ) (19,609 )

PROVISIONS FOR LIABILITIES 11 (12,123 ) (12,444 )
NET LIABILITIES (430,523 ) (399,419 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (430,623 ) (399,519 )
SHAREHOLDERS' FUNDS (430,523 ) (399,419 )

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 director acknowledges his 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 director and authorised for issue on 16 September 2024 and were signed by:





Dr S M Rajpara - Director


GRAND AURA LIMITED (REGISTERED NUMBER: SC576890)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Grand Aura Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

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.

GRAND AURA LIMITED (REGISTERED NUMBER: SC576890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 21,157 163,597 7,320 6,075 198,149
Additions - 2,210 - 116 2,326
At 31 December 2023 21,157 165,807 7,320 6,191 200,475
DEPRECIATION
At 1 January 2023 19,132 98,867 6,790 5,841 130,630
Charge for year 2,025 18,587 469 272 21,353
At 31 December 2023 21,157 117,454 7,259 6,113 151,983
NET BOOK VALUE
At 31 December 2023 - 48,353 61 78 48,492
At 31 December 2022 2,025 64,730 530 234 67,519

6. STOCKS
2023 2022
£    £   
Stocks 1,406 29,511

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,683 5,195
Other debtors 17,280 17,280
Prepayments and accrued income 6,531 12,204
27,494 34,679

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,034 7,725
Other loans 320,869 285,869
Trade creditors 21,011 24,874
Social security and other taxes 3,352 3,061
VAT 10,164 4,037
Other creditors 359 357
Directors' current accounts 121,802 176,685
485,591 502,608

GRAND AURA LIMITED (REGISTERED NUMBER: SC576890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 11,299 19,609

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,600 12,000

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 12,123 12,444

Deferred
tax
£   
Balance at 1 January 2023 12,444
Movement (321 )
Balance at 31 December 2023 12,123

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2023, there is a loan balance due to the director of £121,802 (2022: £176,685).

The loans are interest free and has no fixed repayment terms.

13. RELATED PARTY DISCLOSURES

As at 31 December 2023, there is a balance due to a company under same ownership and control of the director of £320,869 (2022: £285,869).

This loan is interest free and has no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRAND AURA LIMITED (REGISTERED NUMBER: SC576890)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grand Aura Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Grand Aura Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grand Aura Limited and state those matters that we have agreed to state to the director of Grand Aura Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Grand Aura Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Grand Aura Limited. You consider that Grand Aura Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grand Aura Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


17 September 2024