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REGISTERED NUMBER: 06035216 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARIS TECHNOLOGIES LTD

ARIS TECHNOLOGIES LTD (REGISTERED NUMBER: 06035216)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARIS TECHNOLOGIES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: MV Mistry





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 06035216 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

ARIS TECHNOLOGIES LTD (REGISTERED NUMBER: 06035216)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,962 59,274

CURRENT ASSETS
Debtors 5 563,221 391,522
Cash at bank 35,147 50,898
598,368 442,420
CREDITORS
Amounts falling due within one year 6 267,376 308,479
NET CURRENT ASSETS 330,992 133,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,954

193,215

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 380,953 193,214
SHAREHOLDERS' FUNDS 380,954 193,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 1 October 2024 and were signed by:





MV Mistry - Director


ARIS TECHNOLOGIES LTD (REGISTERED NUMBER: 06035216)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aris Technologies 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.

The company's trading address is Sandford Gate, Eastpoint Business Park, Sandy Lane West, Oxford, OX4 6LB.

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 represents net invoiced sales of services, excluding value added tax. Aris Technologies develop apps, selling their services to overseas companies. Invoices are billed monthly in arrears for the the hours spent developing the apps.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measure at cost less any accumulated depreciation and any accumulated impairment losses.

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

Plant and machinery etc - 33% on cost and 10% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

ARIS TECHNOLOGIES LTD (REGISTERED NUMBER: 06035216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 388,841
Additions 22,855
At 31 March 2024 411,696
DEPRECIATION
At 1 April 2023 329,567
Charge for year 32,167
At 31 March 2024 361,734
NET BOOK VALUE
At 31 March 2024 49,962
At 31 March 2023 59,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 438,999 281,729
Other debtors 124,222 109,793
563,221 391,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 5,578 143,988
Taxation and social security 61,507 48,407
Other creditors & accruals 200,291 116,084
267,376 308,479

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 38,493 -

ARIS TECHNOLOGIES LTD (REGISTERED NUMBER: 06035216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

During the year Agrilytix a company controlled by the director charged Aris Technologies Ltd £6,000 (2023: £6,000) for professional services. The balance owed at year end by Aris Technologies Ltd was £nil (2023: £1,500)

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MV Mistry.