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REGISTERED NUMBER: 11834256 (England and Wales)














Financial Statements for the Year Ended 28 February 2024

for

Auryn Ltd

Auryn Ltd (Registered number: 11834256)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Auryn Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: Mr N Torelli





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11834256 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Auryn Ltd (Registered number: 11834256)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,200 9,600
Tangible assets 5 4,041 4,593
11,241 14,193

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 53,906 39,562
Investments 7 1,697 1,697
Cash at bank 1,311 10,082
66,914 61,341
CREDITORS
Amounts falling due within one year 8 37,789 33,938
NET CURRENT ASSETS 29,125 27,403
TOTAL ASSETS LESS CURRENT LIABILITIES 40,366 41,596

CREDITORS
Amounts falling due after more than one
year

9

22,130

25,596
NET ASSETS 18,236 16,000

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 18,135 15,899
18,236 16,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Auryn Ltd (Registered number: 11834256)

Balance Sheet - continued
28 February 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 director and authorised for issue on 20 July 2024 and were signed by:





Mr N Torelli - Director


Auryn Ltd (Registered number: 11834256)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Auryn 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

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 1 (2023 - 1 ) .

Auryn Ltd (Registered number: 11834256)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 28 February 2024 12,000
AMORTISATION
At 1 March 2023 2,400
Charge for year 2,400
At 28 February 2024 4,800
NET BOOK VALUE
At 28 February 2024 7,200
At 28 February 2023 9,600

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 11,514
Additions 703
At 28 February 2024 12,217
DEPRECIATION
At 1 March 2023 6,921
Charge for year 1,255
At 28 February 2024 8,176
NET BOOK VALUE
At 28 February 2024 4,041
At 28 February 2023 4,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 53,356 39,562
Other debtors 550 -
53,906 39,562

7. CURRENT ASSET INVESTMENTS
28.2.24 28.2.23
£    £   
Unlisted investments 1,697 1,697

Auryn Ltd (Registered number: 11834256)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 9,180 9,836
Taxation and social security 20,608 21,053
Other creditors 8,001 3,049
37,789 33,938

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans 22,130 25,596