REGISTERED NUMBER: NI038127 (Northern Ireland)

Aurion Limited

Unaudited Financial Statements for the Year Ended 31st December 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr B J Hagan

Dr M T Murphy

Mr C P O'Hare

Mr S T P Walsh

Mr G M Woods

Secretary:

Mr C P O'Hare

Registered office:

475 Ormeau Road

Belfast

BT7 3GR

Registered number:

NI038127 (Northern Ireland)

Accountants:

Exchange Accountants Limited

Chartered Certified Accountants

Oakmont House

2 Queens Road

Lisburn

BT27 4TZ

Bankers:

Bank of Ireland

1 Donegall Square

Bellfast

BT1 5LR

Fixed assets

Tangible assets

4

275,829

290,002

Current assets

Stocks

177,990

157,750

Debtors

5

1,395,808

1,181,894

Cash at bank and in hand

785,071

1,330,423

2,358,869

2,670,067

Creditors

Amounts falling due within one year

6

(305,559

)

(551,104

)

Net current assets

2,053,310

2,118,963

Total assets less current liabilities

2,329,139

2,408,965

Capital and reserves

Called up share capital

100

100

Retained earnings

2,329,039

2,408,865

Shareholders' funds

2,329,139

2,408,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 26th September 2025 and were signed on its behalf by:

Mr C P O'Hare - Director

1.	Statutory information

Aurion 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.	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.

Long leasehold - 2% straight line

Plant & machinery - 20% reducing balance

Fixtures & fittings - 20% reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	Employees and directors

The average number of employees during the year was 49 (2023 - 51 ) .

4.	Tangible fixed assets

Improvements

Long

to

Plant and

leasehold

property

machinery

Totals

£

£

£

£

Cost

At 1st January 2024

74,115

148,604

276,539

499,258

Additions

-

-

7,331

7,331

At 31st December 2024

74,115

148,604

283,870

506,589

Depreciation

At 1st January 2024

25,494

-

183,762

209,256

Charge for year

1,483

-

20,021

21,504

At 31st December 2024

26,977

-

203,783

230,760

Net book value

At 31st December 2024

47,138

148,604

80,087

275,829

At 31st December 2023

48,621

148,604

92,777

290,002

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

994,164

761,971

Other debtors

99,211

94,211

VAT

7,174

15,712

Prepayments

295,259

310,000

1,395,808

1,181,894

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

103,112

85,520

Social security and other taxes

40,516

64,947

Pension commitments

12,541

15,868

Other creditors

-

55,117

Directors' current accounts

200

380

Accruals and deferred income

149,190

329,272

305,559

551,104

7.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

Dr M T Murphy

Balance outstanding at start of year

(140

)

49,306

Amounts advanced

122,302

172,458

Amounts repaid

(122,262

)

(221,904

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(100

)

(140

)

Mr C P O'Hare

Balance outstanding at start of year

(140

)

49,306

Amounts advanced

122,302

172,458

Amounts repaid

(122,262

)

(221,904

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(100

)

(140

)