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REGISTERED NUMBER: 09603693 (England and Wales)

















AiRa Business Solutions Limited

Financial Statements

for the Year Ended 31 May 2024






AiRa Business Solutions Limited (Registered number: 09603693)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AiRa Business Solutions Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: K Ralph
Mrs D Ralph





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 09603693 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

AiRa Business Solutions Limited (Registered number: 09603693)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,931 2,597

CURRENT ASSETS
Debtors 5 7,263 9,066
Cash at bank 7,092 7,153
14,355 16,219
CREDITORS
Amounts falling due within one year 6 14,921 16,166
NET CURRENT (LIABILITIES)/ASSETS (566 ) 53
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,365

2,650

PROVISIONS FOR LIABILITIES 557 493
NET ASSETS 1,808 2,157

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,708 2,057
SHAREHOLDERS' FUNDS 1,808 2,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 5 February 2025 and were signed on its behalf by:




Mrs D Ralph - Director



K Ralph - Director


AiRa Business Solutions Limited (Registered number: 09603693)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

AiRa Business Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings, equipment - 20% on reducing balance

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

AiRa Business Solutions Limited (Registered number: 09603693)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings,
equipment
£   
COST
At 1 June 2023 7,935
Additions 979
At 31 May 2024 8,914
DEPRECIATION
At 1 June 2023 5,338
Charge for year 645
At 31 May 2024 5,983
NET BOOK VALUE
At 31 May 2024 2,931
At 31 May 2023 2,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 192
Directors' current accounts 7,263 8,874
7,263 9,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
UK corporation tax 11,311 11,655
Tax and social security costs 3,118 4,031
Accruals and deferred income 492 480
14,921 16,166

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
K Ralph
Balance outstanding at start of year 8,874 4,178
Amounts advanced 7,263 8,874
Amounts repaid (8,874 ) (4,178 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,263 8,874