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REGISTERED NUMBER: NI682666 (Northern Ireland)















ALORA REJUVENATION LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






ALORA REJUVENATION LIMITED (REGISTERED NUMBER: NI682666)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALORA REJUVENATION LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Ciara Elmore
Jacqueline O'Reilly





REGISTERED OFFICE: 10 Russell Street
Armagh
Armagh
BT61 9AA





REGISTERED NUMBER: NI682666 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

ALORA REJUVENATION LIMITED (REGISTERED NUMBER: NI682666)

Statement of Financial Position
30 JUNE 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Tangible assets 5 1,184,775 1,314,125

CURRENT ASSETS
Inventories 10,170 15,397
Receivables: amounts falling due within
one year

6

31,454

69,843
Cash at bank 60,126 5,186
101,750 90,426
PAYABLES
Amounts falling due within one year 7 (1,524,659 ) (417,211 )
NET CURRENT LIABILITIES (1,422,909 ) (326,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(238,134

)

987,340

PAYABLES
Amounts falling due after more than
one year

8

-

(913,289

)
NET (LIABILITIES)/ASSETS (238,134 ) 74,051

CAPITAL AND RESERVES
Called up share capital 240 240
Retained earnings (238,374 ) 73,811
(238,134 ) 74,051

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 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.

ALORA REJUVENATION LIMITED (REGISTERED NUMBER: NI682666)

Statement of Financial Position - continued
30 JUNE 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 27 January 2025 and were signed on its behalf by:





Jacqueline O'Reilly - Director


ALORA REJUVENATION LIMITED (REGISTERED NUMBER: NI682666)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Alora Rejuvenation Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold Improvements - 10% straight line
Plant and machinery - 20% straight line
Fixtures and fittings - 10% straight line

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

ALORA REJUVENATION LIMITED (REGISTERED NUMBER: NI682666)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold Plant and and
Improvements machinery fittings Totals
£ £ £ £
COST
At 1 July 2023 282,719 814,970 452,979 1,550,668
Additions - 161,386 5,112 166,498
Disposals - (45,200 ) - (45,200 )
At 30 June 2024 282,719 931,156 458,091 1,671,966
DEPRECIATION
At 1 July 2023 28,251 162,994 45,298 236,543
Charge for year 28,290 176,645 45,713 250,648
At 30 June 2024 56,541 339,639 91,011 487,191
NET BOOK VALUE
At 30 June 2024 226,178 591,517 367,080 1,184,775
At 30 June 2023 254,468 651,976 407,681 1,314,125

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 15,964 3,809
Other receivables 15,490 66,034
31,454 69,843

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to related party 1,445,483 360,000
Trade payables 71,774 45,766
Social security and other taxes - 1,769
Pension 440 472
VAT 6,275 6,324
Directors' loan accounts - 753
Accruals and deferred income 687 2,127
1,524,659 417,211

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Amounts owed to related party - 913,289