ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 11985640

AURIC SKB LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

AURIC SKB LTD

REGISTERED NUMBER: 11985640

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		803		803
			803		803
Current assets
Debtors: amounts falling due within one year	5	889,501		618,885
Cash at bank and in hand	6	1,645		-
		891,146		618,885
Creditors: amounts falling due within one year	7	(674,162)		(403,952)
Net current assets			216,984		214,933
Total assets less current liabilities			217,787		215,736
Creditors: amounts falling due after more than one year	8		(202,005)		(202,005)

Net assets			15,782		13,731

Capital and reserves
Called up share capital	100	100
Profit and loss account	15,682	13,631
	15,782	13,731

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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AURIC SKB LTD

REGISTERED NUMBER: 11985640

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

................................................

Sameer Bajaj

Director

Date: 30 December 2025

The notes on pages 4 to 8 form part of these financial statements.

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		AURIC SKB LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023	100	13,549	13,649

Profit for the year	-	82	82
Total comprehensive income for the year	-	82	82

At 1 January 2024	100	13,631	13,731

Profit for the year	-	2,051	2,051
Total comprehensive income for the year	-	2,051	2,051
At 31 December 2024	100	15,682	15,782

The notes on pages 4 to 8 form part of these financial statements.

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AURIC SKB LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Auric SKB Ltd is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address are as below:
Registered number: 11985640
Registered office: 14 Old Queen Street, London, England, SW1H 9HP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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AURIC SKB LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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AURIC SKB LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

	The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	803
	At 31 December 2024	803

Debtors

					2024	2023
					£	£


Trade debtors	314,578	246,922
Amounts owed by group undertakings	565,242	371,763
Other debtors	9,681	200
	889,501	618,885

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AURIC SKB LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.Debtors (continued)

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	1,645	-
	1,645	-

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	402,248	277,604
Amounts owed to group undertakings	-	20,232
Corporation tax	3,077	2,596
Other creditors	28,355	3,038
Accruals and deferred income	240,482	100,482
	674,162	403,952

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Other loans	202,005	202,005
	202,005	202,005

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AURIC SKB LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024



Amounts falling due 2-5 years
Other loans	202,005	202,005
	202,005	202,005

	202,005	202,005

10.	Related party transactions
	Sameer Bajaj is the common director of Auric SKB Ltd and Biokemix Worldwide Ltd. As on 31 December 2024, Worldwide Ltd owes to the company £374,514 (2023 : 365,952) to Company.

11.	Controlling party

Sameer Bajaj is ultimate controlling party of the company.
Exemption from preparation of consolidated financial statement.
The company is part of small group and are not required by the act to prepare consolidated financial
statements.

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