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AYU TECHNOLOGIES LIMITED
REGISTERED NUMBER: 10885164
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operation for the forseeable future, this being a period of at least twelve months from the date of approval of these financial statements.
The directors and investors have confirmed that they will continue to provide the company with financial support for the forseeable future.
In view of the above, the directors are satisfied that the company will have sufficient resources to enable it to continue normal trading operations for the forseeable future and therefore it is appropriate to prepare these financial statements on the going concern basis.
Average number of employees
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The average monthly number of employees, including directors, during the year was 7 (2024 - 8).
Directors' benefits: advances, credits and guarantees
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At 1 August 2024, the company was owed £26,805 by a director. During the year the company made advances to the director of £8,834 and the director made repayments £2,500. Interest of £674 has been charged at the HMRC approved rate. The amount owed to the company at the year end was £33,813. The loan is repaybale on demand.
Directors' confirmations
The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the 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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