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REGISTERED NUMBER: NI038127 (Northern Ireland)












Aurion Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Aurion Limited (Registered number: NI038127)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Chartered certified accountants' report 2

Balance sheet 3

Notes to the financial statements 4


Aurion Limited

Company Information
for the year ended 31st December 2023







Directors: Mr B J Hagan
Dr M T Murphy
Mr C P O'Hare
Mr S T P Walsh
Mr G M Woods



Registered office: 475 Ormeau Road
Belfast
BT7 3GR



Registered number: NI038127 (Northern Ireland)



Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Bankers: Bank of Ireland
1 Donegall Square
Bellfast
BT1 5LR

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Aurion Limited

The following reproduces the text of the report prepared for the directors 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 directors 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 Aurion Limited for the year ended 31st 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 Board of Directors of Aurion Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aurion Limited and state those matters that we have agreed to state to the Board of Directors of Aurion Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aurion 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 profit of Aurion Limited. You consider that Aurion 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 Aurion 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.






Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ


Date: .............................................

Aurion Limited (Registered number: NI038127)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 290,002 291,570

Current assets
Stocks 157,750 157,750
Debtors 5 1,181,894 1,396,122
Cash at bank and in hand 1,330,423 1,131,130
2,670,067 2,685,002
Creditors
Amounts falling due within one year 6 (551,104 ) (646,847 )
Net current assets 2,118,963 2,038,155
Total assets less current liabilities 2,408,965 2,329,725

Capital and reserves
Called up share capital 100 100
Retained earnings 2,408,865 2,329,625
Shareholders' funds 2,408,965 2,329,725

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 6th September 2024 and were signed on its behalf by:





Mr C P O'Hare - Director


Aurion Limited (Registered number: NI038127)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Aurion Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 2% straight line
Plant & machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Aurion Limited (Registered number: NI038127)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. Employees and directors

The average number of employees during the year was 51 (2022 - 52 ) .

4. Tangible fixed assets
Improvements
Long to Plant and
leasehold property machinery Totals
£    £    £    £   
Cost
At 1st January 2023 74,115 148,604 256,450 479,169
Additions - - 20,089 20,089
At 31st December 2023 74,115 148,604 276,539 499,258
Depreciation
At 1st January 2023 24,012 - 163,587 187,599
Charge for year 1,482 - 20,175 21,657
At 31st December 2023 25,494 - 183,762 209,256
Net book value
At 31st December 2023 48,621 148,604 92,777 290,002
At 31st December 2022 50,103 148,604 92,863 291,570

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 761,971 972,900
Other debtors 94,211 88,513
Directors' current accounts - 98,612
VAT 15,712 -
Prepayments 310,000 236,097
1,181,894 1,396,122

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 85,520 89,939
Social security and other taxes 64,947 56,976
Pension commitments 15,868 13,129
VAT - 24,198
Other creditors 55,117 55,117
Directors' current accounts 380 -
Accruals and deferred income 329,272 407,488
551,104 646,847

Aurion Limited (Registered number: NI038127)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. Directors' advances, credits and guarantees

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

2023 2022
£    £   
Dr M T Murphy
Balance outstanding at start of year 49,306 (287 )
Amounts advanced 172,458 319,711
Amounts repaid (221,904 ) (270,118 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (140 ) 49,306

Mr C P O'Hare
Balance outstanding at start of year 49,306 (287 )
Amounts advanced 172,458 319,711
Amounts repaid (221,904 ) (270,118 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (140 ) 49,306