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REGISTERED NUMBER: 13067136 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Lm Luxury Limited

Lm Luxury Limited (Registered number: 13067136)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lm Luxury Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mrs R Mecaj





SECRETARY:





REGISTERED OFFICE: 662 High Road
London
N12 0NL





REGISTERED NUMBER: 13067136 (England and Wales)





ACCOUNTANTS: Roseworth Limited
662 High Road
North Finchley
London
N12 0NL

Lm Luxury Limited (Registered number: 13067136)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,254 899

CURRENT ASSETS
Stocks 74,000 94,850
Debtors 5 51 51,663
Cash at bank 38,456 71,092
112,507 217,605
CREDITORS
Amounts falling due within one year 6 38,903 91,232
NET CURRENT ASSETS 73,604 126,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,858

127,272

CREDITORS
Amounts falling due after more than one year 7 (44,500 ) (100,000 )

PROVISIONS FOR LIABILITIES (618 ) (171 )
NET ASSETS 31,740 27,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,640 27,001
31,740 27,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lm Luxury Limited (Registered number: 13067136)

Balance Sheet - continued
31 December 2022


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 20 November 2023 and were signed by:





Mrs R Mecaj - Director


Lm Luxury Limited (Registered number: 13067136)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Lm Luxury 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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 1 (2021 - 1 ) .

Lm Luxury Limited (Registered number: 13067136)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 1,199
Additions 3,440
At 31 December 2022 4,639
DEPRECIATION
At 1 January 2022 300
Charge for year 1,085
At 31 December 2022 1,385
NET BOOK VALUE
At 31 December 2022 3,254
At 31 December 2021 899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 51,663
Other debtors 51 -
51 51,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 15,238 51,640
Taxation and social security 21,231 5,264
Other creditors 2,434 34,328
38,903 91,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 44,500 100,000