Auxillio Solutions Limited 14899355 false 2023-05-29 2024-07-31 2024-07-31 The principal activity of the company is letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true 14899355 2023-05-29 2024-07-31 14899355 2024-07-31 14899355 core:CurrentFinancialInstruments 2024-07-31 14899355 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14899355 bus:SmallEntities 2023-05-29 2024-07-31 14899355 bus:AuditExemptWithAccountantsReport 2023-05-29 2024-07-31 14899355 bus:FullAccounts 2023-05-29 2024-07-31 14899355 bus:SmallCompaniesRegimeForAccounts 2023-05-29 2024-07-31 14899355 bus:RegisteredOffice 2023-05-29 2024-07-31 14899355 bus:Director1 2023-05-29 2024-07-31 14899355 bus:PrivateLimitedCompanyLtd 2023-05-29 2024-07-31 14899355 countries:England 2023-05-29 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 14899355

Auxillio Solutions Limited

Annual Report and Unaudited Filleted Financial Statements

for the Period from 29 May 2023 to 31 July 2024

 

Auxillio Solutions Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Auxillio Solutions Limited

(Registration number: 14899355)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Investment property

4

205,708

Current assets

 

Debtors

5

4,253

Cash at bank and in hand

 

5,119

 

9,372

Creditors: Amounts falling due within one year

6

(210,434)

Net current liabilities

 

(201,062)

Net assets

 

4,646

Capital and reserves

 

Called up share capital

2

Retained earnings

4,644

Shareholders' funds

 

4,646

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................
J T Gardner
Director

 

Auxillio Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 29 May 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
505 Park Way
Worle
Weston Super Mare
BS22 6WA

These financial statements were authorised for issue by the Board on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Auxillio Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 29 May 2023 to 31 July 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Auxillio Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 29 May 2023 to 31 July 2024

4

Investment properties

2024
£

Additions

205,708

At 31 July

205,708

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

Note

2024
£

Amounts owed by related parties

4,253

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

17

Taxation and social security

1,559

Accruals and deferred income

1,152

Other creditors

207,706

210,434