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REGISTERED NUMBER: 07637867 (England and Wales)















Lux Technical Ltd

Unaudited Financial Statements

for the Year Ended 30th April 2023






Lux Technical Ltd (Registered number: 07637867)






Contents of the Financial Statements
for the year ended 30th April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Lux Technical Ltd

Company Information
for the year ended 30th April 2023







DIRECTOR: P C Gibbons





REGISTERED OFFICE: Unit 5-6 Chater Court Halifax Drive
Northfields Industrial Estate
Market Deeping
Peterborough
PE6 8AH





REGISTERED NUMBER: 07637867 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Lux Technical Ltd (Registered number: 07637867)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 4,000
Tangible assets 6 1,959,890 1,153,880
1,959,890 1,157,880

CURRENT ASSETS
Stocks 78,562 43,124
Debtors 7 72,534 225,969
Cash at bank and in hand 294 212
151,390 269,305
CREDITORS
Amounts falling due within one year 8 657,721 507,648
NET CURRENT LIABILITIES (506,331 ) (238,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,453,559

919,537

CREDITORS
Amounts falling due after more than one
year

9

(1,031,486

)

(743,860

)

PROVISIONS FOR LIABILITIES 11 (65,400 ) -
NET ASSETS 356,673 175,677

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 12 33,751 59,527
Retained earnings 322,921 116,149
356,673 175,677

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Lux Technical Ltd (Registered number: 07637867)

Balance Sheet - continued
30th April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th October 2023 and were signed by:





P C Gibbons - Director


Lux Technical Ltd (Registered number: 07637867)

Notes to the Financial Statements
for the year ended 30th April 2023

1. STATUTORY INFORMATION

Lux Technical 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 (£).


The principal activity in the year under review was that of the sale and leasing of audio, visual and media entertainment equipment.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2014, 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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.


Lux Technical Ltd (Registered number: 07637867)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 40,000
AMORTISATION
At 1st May 2022 36,000
Amortisation for year 4,000
At 30th April 2023 40,000
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 4,000

Lux Technical Ltd (Registered number: 07637867)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

6. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2022 24,417 1,402,362 97,370 65,415 1,589,564
Additions - 961,135 19,500 - 980,635
Disposals - (2,861 ) (9,500 ) - (12,361 )
At 30th April 2023 24,417 2,360,636 107,370 65,415 2,557,838
DEPRECIATION
At 1st May 2022 22,765 332,442 50,863 29,614 435,684
Charge for year 275 147,108 11,301 3,580 162,264
At 30th April 2023 23,040 479,550 62,164 33,194 597,948
NET BOOK VALUE
At 30th April 2023 1,377 1,881,086 45,206 32,221 1,959,890
At 30th April 2022 1,652 1,069,920 46,507 35,801 1,153,880

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,420 160,363
Other debtors 8,114 65,606
72,534 225,969

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 213,032 222,467
Hire purchase contracts 313,702 170,037
Trade creditors 84,896 64,012
Taxation and social security 21,375 12,828
Other creditors 24,716 38,304
657,721 507,648

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 202,795 184,732
Hire purchase contracts 547,535 224,714
Other creditors 281,156 334,414
1,031,486 743,860

Lux Technical Ltd (Registered number: 07637867)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 119,532 118,934
Bank loans 296,295 288,265
415,827 407,199

The bank overdraft and bank loan are secured by a fixed and floating charge over the property and assets of the company.

11. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 65,400

Deferred
tax
£   
Balance at 1st May 2022 (60,500 )
Charge to Income Statement during year 125,900
Balance at 30th April 2023 65,400

12. RESERVES
Revaluation
reserve
£   
At 1st May 2022 59,527
Transfer (25,776 )

At 30th April 2023 33,751

13. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th April 2023 or 30th April 2022.

14. CAPITAL COMMITMENTS

There were no capital commitments as at 30th April 2023 or 30th April 2022.