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Company Registration No. 11236418 (England and Wales)
Aurora Financial IFA Limited Unaudited accounts for the year ended 31 March 2024
Aurora Financial IFA Limited Unaudited accounts Contents
Page
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Aurora Financial IFA Limited Company Information for the year ended 31 March 2024
Director
Ajmer Singh Somal
Company Number
11236418 (England and Wales)
Registered Office
COBALT SQUARE 83 HAGLEY ROAD EDGBASTON BIRMINGHAM B16 8QG
Accountants
Daniel Raj (ACA) North Stone Chartered Accountants 99 Chester Road Streetly Sutton Coldfield West Midlands B74 2HE
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Aurora Financial IFA Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,186 
2,908 
Current assets
Debtors
4,912 
2,045 
Cash at bank and in hand
25,787 
34,740 
30,699 
36,785 
Creditors: amounts falling due within one year
(11,301)
(20,226)
Net current assets
19,398 
16,559 
Total assets less current liabilities
21,584 
19,467 
Creditors: amounts falling due after more than one year
(5,272)
(8,483)
Provisions for liabilities
Deferred tax
(415)
(33)
Net assets
15,897 
10,951 
Capital and reserves
Called up share capital
4,000 
4,000 
Profit and loss account
11,897 
6,951 
Shareholders' funds
15,897 
10,951 
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2024 and were signed on its behalf by
Ajmer Singh Somal Director Company Registration No. 11236418
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Aurora Financial IFA Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Aurora Financial IFA Limited is a private company, limited by shares, registered in England and Wales, registration number 11236418. The registered office is COBALT SQUARE 83 HAGLEY ROAD, EDGBASTON, BIRMINGHAM, B16 8QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,639 
3,417 
6,056 
At 31 March 2024
2,639 
3,417 
6,056 
Depreciation
At 1 April 2023
2,465 
683 
3,148 
Charge for the year
175 
547 
722 
At 31 March 2024
2,640 
1,230 
3,870 
Net book value
At 31 March 2024
(1)
2,187 
2,186 
At 31 March 2023
174 
2,734 
2,908 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,912 
2,045 
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Aurora Financial IFA Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,926 
3,926 
Taxes and social security
7,319 
6,543 
Other creditors
- 
700 
Loans from directors
56 
9,057 
11,301 
20,226 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,272 
8,483 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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