Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03769921 Mr D E Challen Mr C Mason Mr D E Challen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03769921 2023-05-31 03769921 2024-05-31 03769921 2023-06-01 2024-05-31 03769921 frs-core:CurrentFinancialInstruments 2024-05-31 03769921 frs-core:ComputerEquipment 2024-05-31 03769921 frs-core:ComputerEquipment 2023-06-01 2024-05-31 03769921 frs-core:ComputerEquipment 2023-05-31 03769921 frs-core:FurnitureFittings 2024-05-31 03769921 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03769921 frs-core:FurnitureFittings 2023-05-31 03769921 frs-core:MotorVehicles 2024-05-31 03769921 frs-core:MotorVehicles 2023-06-01 2024-05-31 03769921 frs-core:MotorVehicles 2023-05-31 03769921 frs-core:ShareCapital 2024-05-31 03769921 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03769921 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03769921 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03769921 frs-bus:SmallEntities 2023-06-01 2024-05-31 03769921 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03769921 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03769921 frs-bus:Director1 2023-06-01 2024-05-31 03769921 frs-bus:Director1 2023-05-31 03769921 frs-bus:Director1 2024-05-31 03769921 frs-bus:Director2 2023-06-01 2024-05-31 03769921 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03769921 1 2023-06-01 2024-05-31 03769921 frs-countries:EnglandWales 2023-06-01 2024-05-31 03769921 2022-05-31 03769921 2023-05-31 03769921 2022-06-01 2023-05-31 03769921 frs-core:CurrentFinancialInstruments 2023-05-31 03769921 frs-core:ShareCapital 2023-05-31 03769921 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 03769921 1 2022-06-01 2023-05-31
Registered number: 03769921
Aurora Technologies Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03769921
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,264 24,722
19,264 24,722
CURRENT ASSETS
Stocks 5 19,370 27,422
Debtors 6 140,857 133,384
Cash at bank and in hand 475,130 434,640
635,357 595,446
Creditors: Amounts Falling Due Within One Year 7 (153,398 ) (149,889 )
NET CURRENT ASSETS (LIABILITIES) 481,959 445,557
TOTAL ASSETS LESS CURRENT LIABILITIES 501,223 470,279
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,546 ) (5,835 )
NET ASSETS 496,677 464,444
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 496,577 464,344
SHAREHOLDERS' FUNDS 496,677 464,444
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D E Challen
Director
16 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aurora Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03769921 . The registered office is Leicester Business Centre, 111 Ross Walk, Leicester, LE4 5HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
5 5
5 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 29,896 3,995 57,890 91,781
As at 31 May 2024 29,896 3,995 57,890 91,781
Depreciation
As at 1 June 2023 12,718 3,995 50,346 67,059
Provided during the period 3,435 - 2,023 5,458
As at 31 May 2024 16,153 3,995 52,369 72,517
Net Book Value
As at 31 May 2024 13,743 - 5,521 19,264
As at 1 June 2023 17,178 - 7,544 24,722
5. Stocks
2024 2023
£ £
Stock 19,370 27,422
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 135,435 126,974
Other debtors 4,499 6,410
Directors' loan accounts 923 -
140,857 133,384
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,480 43,985
Corporation tax 37,486 25,545
Other taxes and social security 1,794 1,935
VAT 26,902 33,639
Other creditors 188 82
Accruals and deferred income 42,228 44,703
Directors' loan accounts 320 -
153,398 149,889
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr David Challen 1,239 - 316 - 923
The above loan is unsecured, interest free and repayable on demand.
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