Registered number
11461113
LUXURIOUS NIGHTS LTD
Filleted Accounts
30 June 2023
LUXURIOUS NIGHTS LTD
Registered number: 11461113
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 400 500
Current assets
Stocks 5,950 3,500
Debtors 4 - 10,852
Cash at bank and in hand 17,921 33,223
23,871 47,575
Creditors: amounts falling due within one year 5 (988) (6,952)
Net current assets 22,883 40,623
Total assets less current liabilities 23,283 41,123
Creditors: amounts falling due after more than one year 6 (30,162) (40,971)
Net (liabilities)/assets (6,879) 152
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,880) 151
Shareholder's funds (6,879) 152
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ADAL ALI
Director
Approved by the board on 3 August 2023
LUXURIOUS NIGHTS LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 July 2022 1,000
At 30 June 2023 1,000
Depreciation
At 1 July 2022 500
Charge for the year 100
At 30 June 2023 600
Net book value
At 30 June 2023 400
At 30 June 2022 500
4 Debtors 2023 2022
£ £
Trade debtors - 10,852
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 988 6,952
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans BBL 7,304 9,261
Other creditors 22,858 31,710
30,162 40,971
7 Controlling party
The company is under the full control of the director by virtue of them owning the fully issued share capital.
8 Other information
LUXURIOUS NIGHTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
UPPER GROUND FLOOR
UNIT 21, PROVIDENCE MILLS
SYKE LANE
DEWSBURY
WF12 8HT
LUXURIOUS NIGHTS LTD 11461113 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts April 2022 ADAL ALI No description of principal activity 11461113 2021-07-01 2022-06-30 11461113 core:WithinOneYear 2022-06-30 11461113 core:AfterOneYear 2022-06-30 11461113 core:ShareCapital 2022-06-30 11461113 core:RetainedEarningsAccumulatedLosses 2022-06-30 11461113 2022-07-01 2023-06-30 11461113 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11461113 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11461113 bus:Director40 2022-07-01 2023-06-30 11461113 1 2022-07-01 2023-06-30 11461113 2 2022-07-01 2023-06-30 11461113 core:PlantMachinery 2022-07-01 2023-06-30 11461113 countries:England 2022-07-01 2023-06-30 11461113 bus:FRS102 2022-07-01 2023-06-30 11461113 bus:FullAccounts 2022-07-01 2023-06-30 11461113 2023-06-30 11461113 core:WithinOneYear 2023-06-30 11461113 core:AfterOneYear 2023-06-30 11461113 core:ShareCapital 2023-06-30 11461113 core:RetainedEarningsAccumulatedLosses 2023-06-30 11461113 core:PlantMachinery 2023-06-30 11461113 2022-06-30 11461113 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure