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Registered number: 12166353
Aura Birmingham Events Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12166353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 608,654 337,936
Investments 5 818,791 805,932
1,427,445 1,143,868
CURRENT ASSETS
Stocks 6 7,200 6,590
Debtors 7 - 6,149
Cash at bank and in hand 120,090 363,927
127,290 376,666
Creditors: Amounts Falling Due Within One Year 8 (396,054 ) (454,498 )
NET CURRENT ASSETS (LIABILITIES) (268,764 ) (77,832 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,158,681 1,066,036
Creditors: Amounts Falling Due After More Than One Year 9 (55,154 ) (65,783 )
NET ASSETS 1,103,527 1,000,253
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,103,526 1,000,252
SHAREHOLDERS' FUNDS 1,103,527 1,000,253
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Attique Suleman
Director
03/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aura Birmingham Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12166353 . The registered office is 51 Tennyson Road, Birmingham, B10 0EX.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Freehold 0%
Plant & Machinery 20
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 20)
- 20
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2023 123,421 - 8,750 403,740
Additions 236,631 5,980 51,000 20,009
As at 31 August 2024 360,052 5,980 59,750 423,749
Depreciation
As at 1 September 2023 - - 3,214 196,817
Provided during the period - - 1,107 41,384
As at 31 August 2024 - - 4,321 238,201
Net Book Value
As at 31 August 2024 360,052 5,980 55,429 185,548
As at 1 September 2023 123,421 - 5,536 206,923
Computer Equipment Total
£ £
Cost
As at 1 September 2023 4,303 540,214
Additions - 313,620
As at 31 August 2024 4,303 853,834
Depreciation
As at 1 September 2023 2,247 202,278
Provided during the period 411 42,902
As at 31 August 2024 2,658 245,180
Net Book Value
As at 31 August 2024 1,645 608,654
As at 1 September 2023 2,056 337,936
Page 4
Page 5
5. Investments
Other
£
Cost
As at 1 September 2023 805,932
Additions 12,859
As at 31 August 2024 818,791
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 818,791
As at 1 September 2023 805,932
6. Stocks
2024 2023
£ £
Finished goods 7,200 6,590
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 6,149
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 11,647
Bank loans and overdrafts 100,000 -
Corporation tax 156,242 247,984
Other taxes and social security - 69,331
VAT 2,815 35,802
Other creditors 46,997 49,734
Director's loan account 90,000 40,000
396,054 454,498
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,873 39,502
Directors loan account 26,281 26,281
55,154 65,783
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6