1 March 2022 false No description of principal activity Taxfiler 2023.10 05284825business:PrivateLimitedCompanyLtd2022-03-012023-02-28 052848252022-02-28 052848252022-03-012023-02-28 05284825business:AuditExemptWithAccountantsReport2022-03-012023-02-28 05284825business:FilletedAccounts2022-03-012023-02-28 052848252023-02-28 05284825business:Director12022-03-012023-02-28 05284825business:CompanySecretary12022-03-012023-02-28 05284825business:RegisteredOffice2022-03-012023-02-28 052848252022-02-28 05284825core:WithinOneYear2023-02-28 05284825core:WithinOneYear2022-02-28 05284825core:AfterOneYear2023-02-28 05284825core:AfterOneYear2022-02-28 05284825core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 05284825core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 05284825core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 05284825core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 05284825core:PreviouslyStatedAmount2023-02-28 05284825core:PreviouslyStatedAmount2022-02-28 05284825business:SmallEntities2022-03-012023-02-28 05284825countries:EnglandWales2022-03-012023-02-28 05284825core:LandBuildings2022-03-012023-02-28 05284825core:PlantMachinery2022-03-012023-02-28 05284825core:FurnitureFittings2022-03-012023-02-28 05284825core:ComputerEquipment2022-03-012023-02-28 05284825core:LandBuildings2022-02-28 05284825core:PlantMachinery2022-02-28 05284825core:FurnitureFittings2022-02-28 05284825core:ComputerEquipment2022-02-28 05284825core:LandBuildings2023-02-28 05284825core:PlantMachinery2023-02-28 05284825core:FurnitureFittings2023-02-28 05284825core:ComputerEquipment2023-02-28 05284825core:MoreThanFiveYears2023-02-28 05284825core:MoreThanFiveYears2022-02-28 052848252021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 05284825 (England and Wales)
Luxural Limited Unaudited filleted accounts for the year ended 28 February 2023
Luxural Limited Unaudited filleted accounts Contents
Page
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Luxural Limited Company Information for the year ended 28 February 2023
Director
Daran Salimian
Secretary
Asghar Salimian
Company Number
05284825 (England and Wales)
Registered Office
Churchill House 137-139 Brent Stree London NW4 4DJ
Accountants
1g Accountants 71 Cheyne Walk London NW4 3QU
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Luxural Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
298,933 
346,272 
Current assets
Inventories
346,248 
572,981 
Debtors
110,589 
87,321 
Cash at bank and in hand
37,972 
105,734 
494,809 
766,036 
Creditors: amounts falling due within one year
(231,818)
(368,238)
Net current assets
262,991 
397,798 
Total assets less current liabilities
561,924 
744,070 
Creditors: amounts falling due after more than one year
(119,444)
(252,778)
Provisions for liabilities
Deferred tax
(60,528)
(56,638)
Net assets
381,952 
434,654 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
380,952 
433,654 
Shareholders' funds
381,952 
434,654 
For the year ending 28 February 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
Daran Salimian Director Company Registration No. 05284825
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Luxural Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Luxural Limited is a private company, limited by shares, registered in England and Wales, registration number 05284825. The registered office is Churchill House, 137-139 Brent Stree, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
8% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Taxation
The tax expense in the period comprises current and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Luxural Limited Notes to the Accounts for the year ended 28 February 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
269,772 
290,716 
237,238 
58,956 
856,682 
Additions
5,010 
- 
- 
2,546 
7,556 
At 28 February 2023
274,782 
290,716 
237,238 
61,502 
864,238 
Depreciation
At 1 March 2022
68,313 
252,109 
134,803 
55,185 
510,410 
Charge for the year
16,517 
9,652 
25,609 
3,117 
54,895 
At 28 February 2023
84,830 
261,761 
160,412 
58,302 
565,305 
Net book value
At 28 February 2023
189,952 
28,955 
76,826 
3,200 
298,933 
At 28 February 2022
201,459 
38,607 
102,435 
3,771 
346,272 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
346,248 
572,981 
346,248 
572,981 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,341 
18,228 
Accrued income and prepayments
51,077 
59,922 
Other debtors
9,171 
9,171 
110,589 
87,321 
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Luxural Limited Notes to the Accounts for the year ended 28 February 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,333 
63,333 
VAT
38,527 
53,096 
Obligations under finance leases and hire purchase contracts
- 
1,118 
Trade creditors
32,430 
20,132 
Taxes and social security
2,640 
2,043 
Other creditors
19,172 
120,913 
Loans from directors
97,616 
98,216 
Accruals
8,100 
9,387 
231,818 
368,238 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
119,444 
252,778 
Aggregate of amounts that fall due for payment after five years
- 
19,444 
9
Average number of employees
During the year the average number of employees was 8 (2022: 11).
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