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REGISTERED NUMBER: 10249832 (England and Wales)





























Financial Statements

for the Year Ended 31 March 2024

for

Aura IT Solutions Limited

Aura IT Solutions Limited (Registered number: 10249832)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Aura IT Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C J Butler Esq
Mrs N J Butler





REGISTERED OFFICE: Suite 210
Grangewood House
Oakwood Hill Industrial Estate
Loughton
Essex
IG10 3TZ





REGISTERED NUMBER: 10249832 (England and Wales)





ACCOUNTANTS: Howard Modi & Co
99 Wynchgate
London
N14 6RJ

Aura IT Solutions Limited (Registered number: 10249832)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,788 91,645

CURRENT ASSETS
Stocks - 13,073
Debtors 5 474,737 299,021
Cash at bank and in hand 169,189 119,902
643,926 431,996
CREDITORS
Amounts falling due within one year 6 326,754 194,925
NET CURRENT ASSETS 317,172 237,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,960

328,716

CREDITORS
Amounts falling due after more than one
year

7

30,702

83,043
NET ASSETS 343,258 245,673

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 343,158 245,573
343,258 245,673

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 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.

Aura IT Solutions Limited (Registered number: 10249832)

Balance Sheet - continued
31 March 2024


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 2 October 2024 and were signed on its behalf by:





C J Butler Esq - Director


Aura IT Solutions Limited (Registered number: 10249832)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aura IT Solutions 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.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

Aura IT Solutions Limited (Registered number: 10249832)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 134,827
Additions 55,133
Disposals (94,750 )
At 31 March 2024 95,210
DEPRECIATION
At 1 April 2023 43,182
Charge for year 18,928
Eliminated on disposal (23,688 )
At 31 March 2024 38,422
NET BOOK VALUE
At 31 March 2024 56,788
At 31 March 2023 91,645

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 409,357 243,478
Other debtors 65,380 55,543
474,737 299,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,700 8,961
Trade creditors 158,338 102,555
Taxation and social security 155,792 76,476
Other creditors 4,924 6,933
326,754 194,925

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 30,702 83,043

Aura IT Solutions Limited

Report of the Accountants to the Directors of
Aura IT Solutions 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Howard Modi & Co
99 Wynchgate
London
N14 6RJ


2 October 2024