Aurora Resourcing Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08570352 (England and Wales)

AURORA RESOURCING LTD

Unaudited Financial Statements

for the Period 1 March 2022 to 31 March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs R Sundhers

REGISTERED OFFICE:

Ground Floor

International House

20 Hatherton Street

Walsall

West Midlands

WS4 2LA

REGISTERED NUMBER:

08570352 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

304

450

CURRENT ASSETS

Debtors

5

85,515

225,984

Cash at bank

1,227

7,661

86,742

233,645

CREDITORS

Amounts falling due within one year

6

156,057

183,682

NET CURRENT (LIABILITIES)/ASSETS

(69,315

)

49,963

TOTAL ASSETS LESS CURRENT LIABILITIES

(69,011

)

50,413

CREDITORS

Amounts falling due after more than one year

7

35,452

41,136

NET (LIABILITIES)/ASSETS

(104,463

)

9,277

CAPITAL AND RESERVES

Called up share capital

133

133

Retained earnings

(104,596

)

9,144

SHAREHOLDERS' FUNDS

(104,463

)

9,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:

R E Sobol - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2022

and 31 March 2023

2,595

DEPRECIATION

At 1 March 2022

2,145

Charge for period

146

At 31 March 2023

2,291

NET BOOK VALUE

At 31 March 2023

304

At 28 February 2022

450

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

79,577

194,669

Amounts owed by group undertakings

-

26,472

Tax

4,843

4,843

Prepayments

1,095

-

85,515

225,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

5,253

5,113

Trade creditors

13,656

48,148

Pension liability

115

162

Amounts owed to group undertakings

52,225

-

Social security and other taxes

557

955

VAT

41,145

2,967

Invoice finance liability

26,868

115,814

Accruals and deferred income

16,238

10,523

156,057

183,682

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

5,386

5,242

Bank loans - 2-5 years

16,988

19,360

Bank loans more 5 yr by instal

13,078

16,534

35,452

41,136

2023

2022

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

13,078

16,534

8.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Invoice Finance

26,868

115,814

The Invoice finance liability is secured via a fixed & floating charge over the undertaking all property & assets present and future.