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REGISTERED NUMBER: 05188874 (England and Wales)















AURIGA AUTOMOTIVE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






AURIGA AUTOMOTIVE LIMITED (REGISTERED NUMBER: 05188874)

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


AURIGA AUTOMOTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N A Prados
S Scarratt





REGISTERED OFFICE: Dyche Lane
Coal Aston
Dronfield
Derbyshire
S18 3AA





REGISTERED NUMBER: 05188874 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

AURIGA AUTOMOTIVE LIMITED (REGISTERED NUMBER: 05188874)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,457 41,131

CURRENT ASSETS
Stocks 528,861 468,689
Debtors 5 49,216 26,557
Cash at bank and in hand 74,793 27,525
652,870 522,771
CREDITORS
Amounts falling due within one year 6 297,429 194,656
NET CURRENT ASSETS 355,441 328,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,898

369,246

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,502

)

PROVISIONS FOR LIABILITIES 10 (13,000 ) (9,450 )
NET ASSETS 384,398 337,294

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 384,396 337,292
SHAREHOLDERS' FUNDS 384,398 337,294

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.

AURIGA AUTOMOTIVE LIMITED (REGISTERED NUMBER: 05188874)

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 4 November 2024 and were signed on its behalf by:




N A Prados - Director



S Scarratt - Director


AURIGA AUTOMOTIVE LIMITED (REGISTERED NUMBER: 05188874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Auriga Automotive 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 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.

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.

AURIGA AUTOMOTIVE LIMITED (REGISTERED NUMBER: 05188874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 68,117 2,979 6,088 77,184
Additions 26,267 1,574 - 27,841
Disposals - (208 ) - (208 )
At 31 March 2024 94,384 4,345 6,088 104,817
DEPRECIATION
At 1 April 2023 29,633 2,103 4,317 36,053
Charge for year 13,142 861 443 14,446
Eliminated on disposal - (139 ) - (139 )
At 31 March 2024 42,775 2,825 4,760 50,360
NET BOOK VALUE
At 31 March 2024 51,609 1,520 1,328 54,457
At 31 March 2023 38,484 876 1,771 41,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,723 15,189
Other debtors 11,493 11,368
49,216 26,557

AURIGA AUTOMOTIVE LIMITED (REGISTERED NUMBER: 05188874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 131,006 54,879
Trade creditors 52,613 48,616
Taxation and social security 42,635 17,225
VAT 39,777 55,012
Other creditors 9,120 8,232
Directors' current accounts 22,278 10,692
297,429 194,656

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 9,998 10,000
Bank loans - 2-5 years 2,502 12,502
12,500 22,502

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 44,000 44,000
Between one and five years 44,833 88,833
88,833 132,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Stock loan 121,007 44,880

The stock loan is secured on stock held.

An overdraft facility of £25,000 is secured with a personal guarantee from the directors.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 13,000 9,450

AURIGA AUTOMOTIVE LIMITED (REGISTERED NUMBER: 05188874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 9,450
Provided during year 3,550
Balance at 31 March 2024 13,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2