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REGISTERED NUMBER: 06066649 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

LX SOLUTIONS LIMITED

LX SOLUTIONS LIMITED (REGISTERED NUMBER: 06066649)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LX SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2023







DIRECTORS: Mr L O'Garro
Mrs L Isaacs





SECRETARY: Mr L O'Garro





REGISTERED OFFICE: 3 Willow Brook Lane
Cheshunt
Hertfordshire
EN7 6EL





REGISTERED NUMBER: 06066649 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

LX SOLUTIONS LIMITED (REGISTERED NUMBER: 06066649)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,355 6,346

CURRENT ASSETS
Debtors 6 21,365 1,148
Cash at bank 23,519 48,333
44,884 49,481
CREDITORS
Amounts falling due within one year 7 34,445 25,057
NET CURRENT ASSETS 10,439 24,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,794

30,770

PROVISIONS FOR LIABILITIES 637 606
NET ASSETS 13,157 30,164

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 13,156 30,163
SHAREHOLDERS' FUNDS 13,157 30,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

LX SOLUTIONS LIMITED (REGISTERED NUMBER: 06066649)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

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:





Mr L O'Garro - Director


LX SOLUTIONS LIMITED (REGISTERED NUMBER: 06066649)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023

1. STATUTORY INFORMATION

LX Solutions 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 50% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. EMPLOYEES AND DIRECTORS

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

LX SOLUTIONS LIMITED (REGISTERED NUMBER: 06066649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022 22,152
Additions 1,298
At 31 January 2023 23,450
DEPRECIATION
At 1 February 2022 15,806
Charge for year 4,289
At 31 January 2023 20,095
NET BOOK VALUE
At 31 January 2023 3,355
At 31 January 2022 6,346

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,550 -
Other debtors 9,815 1,148
21,365 1,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 30,527 20,961
Other creditors 3,918 4,096
34,445 25,057

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

LX SOLUTIONS LIMITED (REGISTERED NUMBER: 06066649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr L O'Garro
Balance outstanding at start of year (896 ) 17,626
Amounts advanced 38,731 29,808
Amounts repaid (28,020 ) (48,330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,815 (896 )