IRIS Accounts Production v23.2.0.158 03884559 Board of Directors Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038845592022-02-28038845592023-02-28038845592022-03-012023-02-28038845592021-02-28038845592021-03-012022-02-28038845592022-02-2803884559ns10:Originalns15:EnglandWales2022-03-012023-02-2803884559ns14:PoundSterlingns10:Original2022-03-012023-02-2803884559ns10:Originalns10:Director12022-03-012023-02-2803884559ns10:Original2022-03-012023-02-2803884559ns10:Originalns10:Director22022-03-012023-02-2803884559ns10:Originalns10:Director32022-03-012023-02-2803884559ns10:Original2023-02-2803884559ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803884559ns10:Originalns10:SmallEntities2022-03-012023-02-2803884559ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2803884559ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803884559ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2803884559ns10:Originalns10:FullAccounts2022-03-012023-02-2803884559ns10:Original2021-03-012022-02-2803884559ns10:CompanySecretary1ns10:Original2022-03-012023-02-2803884559ns10:Originalns10:RegisteredOffice2022-03-012023-02-2803884559ns10:Original2022-02-2803884559ns10:Originalns5:CurrentFinancialInstruments2023-02-2803884559ns10:Originalns5:CurrentFinancialInstruments2022-02-2803884559ns5:ShareCapitalns10:Original2023-02-2803884559ns5:ShareCapitalns10:Original2022-02-2803884559ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2803884559ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2803884559ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2803884559ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 03884559 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Lexus Tax Free Sales (GB) Limited

Lexus Tax Free Sales (GB) Limited (Registered number: 03884559)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lexus Tax Free Sales (GB) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs C Claxton
J Van der Luit
Mrs K Van der Luit





SECRETARY: Mrs C Claxton





REGISTERED OFFICE: Home Farm
Sandy Lane
St Paul's Cray
Orpington
Kent
BR5 3HY





REGISTERED NUMBER: 03884559 (England and Wales)





ACCOUNTANTS: Neville & Stocker
1 Bromley Lane
Chislehurst
Kent
BR7 6LH

Lexus Tax Free Sales (GB) Limited (Registered number: 03884559)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 341,140 341,539
Cash at bank 52,962 44,158
394,102 385,697
CREDITORS
Amounts falling due within one year 5 350,949 319,299
NET CURRENT ASSETS 43,153 66,398
TOTAL ASSETS LESS CURRENT LIABILITIES 43,153 66,398

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,053 66,298
43,153 66,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:




Mrs C Claxton - Director J Van der Luit - Director




Mrs K Van der Luit - Director


Lexus Tax Free Sales (GB) Limited (Registered number: 03884559)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Lexus Tax Free Sales (GB) 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,140 1,539
Amounts owed by group undertakings 340,000 340,000
341,140 341,539

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 85,660 68,945
Trade creditors - 1,400
Amounts owed to group undertakings 262,370 247,370
Taxation and social security 2,919 1,584
350,949 319,299