1 April 2024 false No description of principal activity Taxfiler 2024.6 11236418 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11236418 2024-03-31 11236418 2024-04-01 2025-03-31 11236418 business:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11236418 business:FilletedAccounts 2024-04-01 2025-03-31 11236418 2025-03-31 11236418 business:Director1 2024-04-01 2025-03-31 11236418 business:RegisteredOffice 2024-04-01 2025-03-31 11236418 2024-03-31 11236418 core:WithinOneYear 2025-03-31 11236418 core:WithinOneYear 2024-03-31 11236418 core:AfterOneYear 2025-03-31 11236418 core:AfterOneYear 2024-03-31 11236418 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 11236418 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 11236418 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 11236418 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 11236418 core:PreviouslyStatedAmount 2025-03-31 11236418 core:PreviouslyStatedAmount 2024-03-31 11236418 business:SmallEntities 2024-04-01 2025-03-31 11236418 countries:EnglandWales 2024-04-01 2025-03-31 11236418 core:FurnitureFittings 2024-03-31 11236418 core:ComputerEquipment 2024-03-31 11236418 core:FurnitureFittings 2025-03-31 11236418 core:ComputerEquipment 2025-03-31 11236418 core:FurnitureFittings 2024-04-01 2025-03-31 11236418 core:ComputerEquipment 2024-04-01 2025-03-31 11236418 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11236418 (England and Wales)
Aurora Financial IFA Limited Unaudited accounts for the year ended 31 March 2025
Aurora Financial IFA Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Aurora Financial IFA Limited Company Information for the year ended 31 March 2025
Director
Ajmer Singh Somal
Company Number
11236418 (England and Wales)
Registered Office
Aurora Financial IFA Limited Eleven Brindley Place Brunswick Square Birmingham West Midlands B1 2LP England
Accountants
Daniel Raj (ACA) North Stone Chartered Accountants 99 Chester Road Streetly Sutton Coldfield West Midlands B74 2HE
- 3 -
Aurora Financial IFA Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,750
2,186
Current assets
Debtors
5
1,022
4,912
Cash at bank and in hand
38,523
25,787
39,545
30,699
Creditors: amounts falling due within one year
6
(3,926)
(11,301)
Net current assets
35,619
19,398
Total assets less current liabilities
37,369
21,584
Creditors: amounts falling due after more than one year
7
(14,364)
(5,272)
Provisions for liabilities
Deferred tax
(332)
(415)
Net assets
22,673
15,897
Capital and reserves
Called up share capital
4,000
4,000
Profit and loss account
18,673
11,897
Shareholders' funds
22,673
15,897
For the year ending 31 March 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2025 and were signed on its behalf by
Ajmer Singh Somal Director Company Registration No. 11236418
- 4 -
Aurora Financial IFA Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Aurora Financial IFA Limited is a private company, limited by shares, registered in England and Wales, registration number 11236418. The registered office is Aurora Financial IFA Limited, Eleven Brindley Place, Brunswick Square, Birmingham, West Midlands, B1 2LP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
2,639
3,417
6,056
At 31 March 2025
2,639
3,417
6,056
Depreciation
At 1 April 2024
2,640
1,230
3,870
Charge for the year
(1)
437
436
At 31 March 2025
2,639
1,667
4,306
Net book value
At 31 March 2025
-
1,750
1,750
At 31 March 2024
(1)
2,187
2,186
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,022
4,912
- 5 -
Aurora Financial IFA Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,926
3,926
Taxes and social security
-
7,319
Loans from directors
-
56
3,926
11,301
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,062
5,272
Taxes and social security
12,302
-
14,364
5,272
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -