Company Registration No. 09922514 (England and Wales)
Luxman Savdas Holdings Limited
Unaudited accounts
for the year ended 31 December 2022
Luxman Savdas Holdings Limited
Unaudited accounts
Contents
Luxman Savdas Holdings Limited
Company Information
for the year ended 31 December 2022
Directors
Dinesh Odedra
Runjun Odedra
Company Number
09922514 (England and Wales)
Registered Office
53 Westgate
Peterborough
Cambridgeshire
PE1 1QA
UK
Accountants
Karavadra & Co
5 Northolt Trading Estate
Belvue Road
Northolt
Middlesex
UB5 5QS
Luxman Savdas Holdings Limited
Statement of financial position
as at 31 December 2022
Tangible assets
374,698
375,624
Cash at bank and in hand
9
4,387
Creditors: amounts falling due within one year
(157,439)
(156,957)
Net current liabilities
(152,915)
(148,955)
Total assets less current liabilities
221,783
226,669
Creditors: amounts falling due after more than one year
(168,205)
(185,543)
Called up share capital
100
100
Profit and loss account
53,478
41,026
Shareholders' funds
53,578
41,126
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by
Dinesh Odedra
Director
Company Registration No. 09922514
Luxman Savdas Holdings Limited
Notes to the Accounts
for the year ended 31 December 2022
Luxman Savdas Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 09922514. The registered office is 53 Westgate, Peterborough, Cambridgeshire, PE1 1QA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% p.a. on a reducing balance basis
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
370,995
5,786
376,781
At 31 December 2022
370,995
5,786
376,781
At 1 January 2022
-
1,157
1,157
Charge for the year
-
926
926
At 31 December 2022
-
2,083
2,083
At 31 December 2022
370,995
3,703
374,698
At 31 December 2021
370,995
4,629
375,624
Amounts falling due within one year
Luxman Savdas Holdings Limited
Notes to the Accounts
for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
25,900
27,900
Taxes and social security
2,064
2,064
Other creditors
16,500
16,500
Loans from directors
108,615
96,102
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
168,205
185,543
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).