Registered number
05343367
AURA SALES RECRUITMENT LIMITED
Filleted Accounts
29 February 2024
AURA SALES RECRUITMENT LIMITED
Registered number: 05343367
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,890 31,856
Current assets
Debtors 4 6,950 32,599
Cash at bank and in hand 354,717 354,860
361,667 387,459
Creditors: amounts falling due within one year 5 (57,553) (95,944)
Net current assets 304,114 291,515
Total assets less current liabilities 328,004 323,371
Creditors: amounts falling due after more than one year 6 - (8,727)
Provisions for liabilities (4,539) (6,052)
Net assets 323,465 308,592
Capital and reserves
Called up share capital 100 100
Profit and loss account 323,365 308,492
Shareholder's funds 323,465 308,592
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Sembi
Director
Approved by the board on 8 November 2024
AURA SALES RECRUITMENT LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Office equipment 25% per annum reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2023 85,786 23,075 108,861
At 29 February 2024 85,786 23,075 108,861
Depreciation
At 1 March 2023 71,236 5,769 77,005
Charge for the year 3,639 4,327 7,966
At 29 February 2024 74,875 10,096 84,971
Net book value
At 29 February 2024 10,911 12,979 23,890
At 28 February 2023 14,550 17,306 31,856
4 Debtors 2024 2023
£ £
Trade debtors and prepayments 6,950 32,599
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,167 27,818
Obligations under finance lease and hire purchase contracts 8,727 2,723
Trade creditors and accruals 4,630 4,585
Corporation tax 24,452 45,379
Other taxes and social security costs 12,671 13,400
Other creditors - director's loan account 2,906 2,039
57,553 95,944
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 8,727
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the year end.
9 Controlling party
The director, Mr J Sembi, together with his spouse own 100% of the issued ordinary share capital of the company.
10 Other information
AURA SALES RECRUITMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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