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Registered number: 11990104
Auric Global Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Simpson Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11990104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79 105
Investments 5 769 769
848 874
CURRENT ASSETS
Debtors 6 1,262,856 1,313,422
Cash at bank and in hand 2,333 396
1,265,189 1,313,818
Creditors: Amounts Falling Due Within One Year 7 (1,140,924 ) (1,148,005 )
NET CURRENT ASSETS (LIABILITIES) 124,265 165,813
TOTAL ASSETS LESS CURRENT LIABILITIES 125,113 166,687
Creditors: Amounts Falling Due After More Than One Year 8 (39,287 ) (38,049 )
NET ASSETS 85,826 128,638
CAPITAL AND RESERVES
Called up share capital 9 120 120
Share premium account 800,005 800,005
Profit and Loss Account (714,299 ) (671,487 )
SHAREHOLDERS' FUNDS 85,826 128,638
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J G Riddick
Director
Mr R A Healey
Director
18/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Auric Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11990104 . The registered office is Alum House, 5 Alum Chine Road, Westbourne, Bournemouth, Dorset, BH4 8DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 333
As at 31 May 2024 333
Depreciation
As at 1 June 2023 228
Provided during the period 26
As at 31 May 2024 254
Net Book Value
As at 31 May 2024 79
As at 1 June 2023 105
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 June 2023 769
As at 31 May 2024 769
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 769
As at 1 June 2023 769
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 1,202,881 965,754
Other debtors 59,975 347,668
1,262,856 1,313,422
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,711
Bank loans and overdrafts 9,670 9,700
Other creditors 1,128,224 1,132,564
Taxation and social security 3,030 3,030
1,140,924 1,148,005
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,287 38,049
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Called Up Share Capital has been paid up 20 20
Amount of Allotted, Called Up Share Capital 120 120
Page 5