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REGISTERED NUMBER: 05692543 (England and Wales)















LUA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






LUA LIMITED (REGISTERED NUMBER: 05692543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: E P Murphy
Mrs E J Noble





SECRETARY: Mrs E J Noble





REGISTERED OFFICE: The Old Coopers
28 Binswood End
Harbury
Leamington Spa
Warwickshire
CV33 9LN





REGISTERED NUMBER: 05692543 (England and Wales)





ACCOUNTANTS: Murphy Salisbury Limited
Chartered Accountants
Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ

LUA LIMITED (REGISTERED NUMBER: 05692543)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,956 41,744
Investments 6 487,201 548,831
523,157 590,575

CURRENT ASSETS
Stocks 83,262 95,751
Debtors 7 147,510 161,389
Cash at bank and in hand 378,863 498,989
609,635 756,129
CREDITORS
Amounts falling due within one year 8 31,480 81,353
NET CURRENT ASSETS 578,155 674,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,101,312

1,265,351

PROVISIONS FOR LIABILITIES 8,989 7,931
NET ASSETS 1,092,323 1,257,420

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,092,223 1,257,320
SHAREHOLDERS' FUNDS 1,092,323 1,257,420

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

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

The directors acknowledge their 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.

LUA LIMITED (REGISTERED NUMBER: 05692543)

BALANCE SHEET - continued
31 JANUARY 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





E P Murphy - Director


LUA LIMITED (REGISTERED NUMBER: 05692543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

LUA 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 20% straight line basis
Fixtures and fittings - 20% straight line basis
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% straight line basis

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

LUA LIMITED (REGISTERED NUMBER: 05692543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 60,000
AMORTISATION
At 1 February 2022
and 31 January 2023 60,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Website fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 3,920 45,555 13,995 16,086 79,556
Additions 1,840 4,137 - 2,234 8,211
Disposals (3,920 ) - - - (3,920 )
At 31 January 2023 1,840 49,692 13,995 18,320 83,847
DEPRECIATION
At 1 February 2022 2,369 16,724 9,567 9,152 37,812
Charge for year 184 7,649 1,107 3,508 12,448
Eliminated on disposal (2,369 ) - - - (2,369 )
At 31 January 2023 184 24,373 10,674 12,660 47,891
NET BOOK VALUE
At 31 January 2023 1,656 25,319 3,321 5,660 35,956
At 31 January 2022 1,551 28,831 4,428 6,934 41,744

LUA LIMITED (REGISTERED NUMBER: 05692543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments 487,201 548,831

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 122,085 151,727
Other debtors 25,425 9,662
147,510 161,389

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,698 9,233
Taxation and social security 17,135 32,645
Other creditors 6,647 39,475
31,480 81,353