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REGISTERED NUMBER: 10827040 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Luxe Electrical Limited

Luxe Electrical Limited (Registered number: 10827040)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Luxe Electrical Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: R N Holmes





REGISTERED OFFICE: 3 Tye Common Road
Billericay
Essex
CM12 9ND





REGISTERED NUMBER: 10827040 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Luxe Electrical Limited (Registered number: 10827040)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,670 16,047

CURRENT ASSETS
Debtors 5 36,441 20,673
Cash at bank 29,190 82,769
65,631 103,442
CREDITORS
Amounts falling due within one year 6 31,065 49,877
NET CURRENT ASSETS 34,566 53,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,236

69,612

CREDITORS
Amounts falling due after more than one
year

7

(9,854

)

(14,956

)

PROVISIONS FOR LIABILITIES 8 (6,974 ) (3,049 )
NET ASSETS 54,408 51,607

CAPITAL AND RESERVES
Called up share capital 9 125 125
Retained earnings 10 54,283 51,482
SHAREHOLDERS' FUNDS 54,408 51,607

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

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

Luxe Electrical Limited (Registered number: 10827040)

Balance Sheet - continued
30 June 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 15 November 2023 and were signed by:





R N Holmes - Director


Luxe Electrical Limited (Registered number: 10827040)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Luxe Electrical 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.

Significant judgements and estimates
There are no significant judgements or estimate pertaining to these accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

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.

Functional currency
The company's functional currency is £ Sterling.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Luxe Electrical Limited (Registered number: 10827040)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 606 25,039 25,645
Additions - 30,320 30,320
At 30 June 2023 606 55,359 55,965
DEPRECIATION
At 1 July 2022 450 9,148 9,598
Charge for year 39 9,658 9,697
At 30 June 2023 489 18,806 19,295
NET BOOK VALUE
At 30 June 2023 117 36,553 36,670
At 30 June 2022 156 15,891 16,047

5. DEBTORS LESS THAN ONE YEAR
2023 2022
£    £   
Trade debtors 36,441 20,673

6. CREDITORS LESS THAN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 4,800
Trade creditors 10,837 6,283
Tax 7,437 15,803
Social security and other taxes 982 451
VAT 3,965 15,683
Other creditors - 4,394
Directors' current accounts 994 663
Accrued expenses 1,850 1,800
31,065 49,877

7. CREDITORS MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans due after one year 9,854 14,956

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,974 3,049

Luxe Electrical Limited (Registered number: 10827040)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 3,049
Provided during year 3,925
Balance at 30 June 2023 6,974

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 125
25 Ordinary A 1 25 -
125 125

10. RESERVES
Retained
earnings
£   

At 1 July 2022 51,482
Profit for the year 54,801
Dividends (52,000 )
At 30 June 2023 54,283