AURIS TECH LIMITED


Directors	ANTONIOU, Kim Patricia
	BUNGAY, William Stanley
	HILL, Louise Mary
	MEE, Andrew
	TANKARD, Colin Edward


Company Secretary	ALDRIDGE, Sharon


Registered Address	2a The Quadrant
	Epsom
	KT17 4RH


Registered Number	09443035 (England and Wales)

Notes to the Financial Statements
for the period ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has the support of it's directors and shareholders to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from rendering of services
	Revenue 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.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Borrowing costs
	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Development expenditure is capitalised where the recognition criteria for an intangible asset are met. Capitalised development costs are amortised on a straight-line basis over their estimated useful economic lives from the date on which the asset is available for use. Patents and trademarks are stated at cost less accumulated amortisation and impairment losses and are amortised on a straight-line basis over their estimated useful economic lives. Intangible assets are reviewed for impairment where events or changes in circumstances indicate that their carrying amounts may not be recoverable. The estimated useful economic lives are 5 years for development costs and 10 years for patents and trademarks. Amortisation is charged on a straight-line basis over these periods

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses.

Development expenditure is capitalised where the recognition criteria for an intangible asset are met. Capitalised development costs are amortised on a straight-line basis over their estimated useful economic lives from the date on which the asset is available for use.

Patents and trademarks are stated at cost less accumulated amortisation and impairment losses and are amortised on a straight-line basis over their estimated useful economic lives.

Intangible assets are reviewed for impairment where events or changes in circumstances indicate that their carrying amounts may not be recoverable.

The estimated useful economic lives are 5 years for development costs and 10 years for patents and trademarks. Amortisation is charged on a straight-line basis over these periods

	Research and development
	All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.

	Development costs
	Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful life.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	33

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2026		2024
	Average number of employees during the year	7		7

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 December 24	2,171,371	2,171,371
Additions	119,402	119,402
At 31 March 26	2,290,773	2,290,773
Amortisation and impairment
Charge for year	120	120
At 31 March 26	120	120
Net book value
At 31 March 26	2,290,653	2,290,653
At 30 November 24	2,171,371	2,171,371

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 December 24	17,792	17,792
Additions	312	312
At 31 March 26	18,104	18,104
Depreciation and impairment
At 01 December 24	15,112	15,112
Charge for year	1,274	1,274
At 31 March 26	16,386	16,386
Net book value
At 31 March 26	1,718	1,718
At 30 November 24	2,680	2,680

5.	Creditors: amounts due within one year

	2026	2024
	£	£
Trade creditors / trade payables	113,733	130,368
Payments received on account	8,874	9,981
Other creditors	222,996	228,207
Accrued liabilities and deferred income	2,575	-
Total	348,178	368,556

6.	Creditors: amounts due after one year

	2026	2024
	£	£
Bank borrowings and overdrafts	894,074	925,536
Total	894,074	925,536

	Notes	31 Mar 2026		30 Nov 2024
		£	£	£	£
Fixed assets
Intangible assets	3		2,290,653		2,171,371
Tangible assets	4		1,718		2,680
			2,292,371		2,174,051
Current assets
Debtors		7,605		9,326
Cash at bank and on hand		59,334		317
		66,939		9,643
Creditors amounts falling due within one year	5	(348,178)		(368,556)
Net current assets (liabilities)			(281,239)		(358,913)
Total assets less current liabilities			2,011,132		1,815,138
Creditors amounts falling due after one year	6		(894,074)		(925,536)
Net assets			1,117,058		889,602
Capital and reserves
Called up share capital			345		290
Share premium			3,453,511		2,709,376
Profit and loss account			(2,336,798)		(1,820,064)
Shareholders' funds			1,117,058		889,602