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REGISTERED NUMBER: 07062233 (England and Wales)





















AUSTRALIA LUXE COLLECTIVE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






AUSTRALIA LUXE COLLECTIVE LIMITED (REGISTERED NUMBER: 07062233)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


AUSTRALIA LUXE COLLECTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: S Rush





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 07062233 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

AUSTRALIA LUXE COLLECTIVE LIMITED (REGISTERED NUMBER: 07062233)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 166,267 88,000
Debtors 4 68,149 120,364
Cash at bank 40,127 7,333
274,543 215,697
CREDITORS
Amounts falling due within one year 5 225,471 91,063
NET CURRENT ASSETS 49,072 124,634
TOTAL ASSETS LESS CURRENT LIABILITIES 49,072 124,634

CREDITORS
Amounts falling due after more than one year 6 29,926 29,630
NET ASSETS 19,146 95,004

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 18,146 94,004
SHAREHOLDERS' FUNDS 19,146 95,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AUSTRALIA LUXE COLLECTIVE LIMITED (REGISTERED NUMBER: 07062233)

BALANCE SHEET - continued
30 JUNE 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2023 and were signed by:





S Rush - Director


AUSTRALIA LUXE COLLECTIVE LIMITED (REGISTERED NUMBER: 07062233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Australia Luxe Collective Limited 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 represents net invoiced sales of goods and services excluding value added tax.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (169 ) 19,546
Other debtors 65,350 98,829
VAT 2,968 1,989
68,149 120,364

AUSTRALIA LUXE COLLECTIVE LIMITED (REGISTERED NUMBER: 07062233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,808 13,373
Payments on account - 28,584
Trade creditors 179,494 16,721
Corporation tax 7,111 14,758
Social security and other taxes - 224
Other creditors 4,440 -
Directors' current accounts 31,618 17,403
225,471 91,063

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 -
Bank loans - 2-5 years 19,926 29,630
29,926 29,630

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
800 Ordinary £1 800 1,000
100 B Ordinary £1 100 -
100 C Ordinary £1 100 -
1,000 1,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is S Rush.