Registered number
11302238
Luxx London Ltd
Filleted Accounts
30 April 2023
Luxx London Ltd
Registered number: 11302238
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Current assets
Stocks 11,470 16,220
Debtors 3 49,659 79,683
Cash at bank and in hand 30,373 18,070
91,502 113,973
Creditors: amounts falling due within one year 4 (75,462) (89,860)
Net current assets 16,040 24,113
Total assets less current liabilities 16,040 24,113
Creditors: amounts falling due after more than one year 5 (13,567) (17,967)
Net assets 2,473 6,146
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,373 6,046
Shareholder's funds 2,473 6,146
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H J Low
Director
Approved by the board on 8 November 2023
Luxx London Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 34,320 1,818
Other debtors 15,339 77,865
49,659 79,683
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 588
Taxation and social security costs 22,136 19,245
Other creditors 53,326 70,027
75,462 89,860
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,567 17,967
6 Other information
Luxx London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 The Grange
Blakes Lane
New Malden
Surrey
KT3 6NY
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