Auratec Limited,Ltd - AccountsLtd - Accounts

Auratec Limited,Ltd - AccountsLtd - Accounts


2021-04-01 05087890 2022-03-31 05087890 2021-04-01 2022-03-31 05087890 2021-03-31 05087890 2020-04-01 2021-03-31 05087890 uk-core:WithinOneYear 2021-03-31 05087890 uk-core:WithinOneYear 2022-03-31 05087890 uk-core:AfterOneYear 2021-03-31 05087890 uk-core:AfterOneYear 2022-03-31 05087890 uk-core:ShareCapital 2022-03-31 05087890 uk-core:ShareCapital 2021-03-31 05087890 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 05087890 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 05087890 uk-bus:Director1 2021-04-01 2022-03-31 05087890 uk-core:ToolsEquipment 2021-04-01 2022-03-31 05087890 uk-core:OfficeEquipment 2021-04-01 2022-03-31 05087890 uk-core:OfficeEquipment 2021-03-31 05087890 uk-core:ToolsEquipment 2021-03-31 05087890 uk-core:ToolsEquipment 2022-03-31 05087890 uk-core:OfficeEquipment 2022-03-31 05087890 uk-core:AfterOneYear uk-core:Secured 2022-03-31 05087890 uk-core:AfterOneYear uk-core:Secured 2021-03-31 iso4217:GBP xbrli:pure 05087890 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 05087890 uk-bus:FRS102 2021-04-01 2022-03-31 05087890 uk-bus:FullAccounts 2021-04-01 2022-03-31 05087890 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Auratec Limited
Registered Number:05087890
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
Registered Number :
05087890
As at 31 March 2022
Auratec Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
6,331
3,904
2
6,331
3,904
Current assets
Trade and other receivables
5,180
3,663
3
13,848
Cash and cash equivalents
17,838
21,501
19,028
Trade and other payables: amounts falling due within one
year
(10,769)
(23,228)
4
8,259
(1,727)
Net current liabilities
Total assets less current liabilities
4,604
12,163
Trade and other payables: amounts falling due after more
than one year
(10,415)
(9,549)
5
(742)
(742)
Provisions for liabilities
(5,687)
Net assets/liabilities
1,006
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(6,687)
6
(5,687)
1,006
Shareholders' funds
For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Luke Craft Director
These financial statements were approved and authorised for issue by the Board on 04 January 2023 and were signed by:
1 of 5
3
Registered Number :
05087890
For the year ended 31 March 2022
Auratec Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
4
For the year ended 31 March 2022
Auratec Limited
Notes to the Financial Statements
Statutory Information
Auratec Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
05087890.
Registered address:
Highwood
Pudding Lane
Chigwell
Essex
IG7 6BY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
3 of 5
5
For the year ended 31 March 2022
Auratec Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2021
17,632
14,993
2,639
3,229
-
3,229
Additions
At 31 March 2022
5,868
14,993
20,861
Provision for depreciation and impairment
At 01 April 2021
13,728
12,803
925
Charge for year
802
545
257
At 31 March 2022
14,530
13,348
1,182
At 31 March 2022
Net book value
4,686
1,645
6,331
At 31 March 2021
1,714
2,190
3,904
3. Trade and other receivables
2021
2022
£
£
Trade debtors
1,663
1,489
Prepayments and accrued income
2,000
2,000
Taxation and social security
-
1,691
5,180
3,663
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Taxation and social security
3,165
2,348
Accruals and deferred income
700
1,550
Directors' loan accounts
19,363
6,871
23,228
10,769
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
9,549
10,415
4 of 5
6
For the year ended 31 March 2022
Auratec Limited
Notes to the Financial Statements Continued
6. Related party transactions
The company is controlled by the Director Luke Craft who holds 100% of the voting rights of the company.
7. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
5 of 5