Registered number
12519756
Luxwelle Ltd
Filleted Accounts
31 March 2023
Luxwelle Ltd
Registered number: 12519756
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 201 302
Current assets
Debtors 4 6,805 9,730
Cash at bank and in hand 3,364 6,113
10,169 15,843
Creditors: amounts falling due within one year 5 (989) 595
Net current assets 9,180 16,438
Total assets less current liabilities 9,381 16,740
Creditors: amounts falling due after more than one year 6 (14,036) (17,148)
Net liabilities (4,655) (408)
Capital and reserves
Profit and loss account (4,655) (408)
Shareholders' funds (4,655) (408)
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 members have 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.
Channarong Channoey
Director
Approved by the board on 19 December 2023
Luxwelle Ltd
Notes to the Accounts
for the year ended 31 March 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
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 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 503
At 31 March 2023 503
Depreciation
At 1 April 2022 201
Charge for the year 101
At 31 March 2023 302
Net book value
At 31 March 2023 201
At 31 March 2022 302
4 Debtors 2023 2022
£ £
Other debtors 6,805 9,730
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 403 -
Taxation and social security costs 426 (756)
Other creditors 160 161
989 (595)
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,036 17,148
7 Other information
Luxwelle Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Langley Crescent
Edgware
Middlesex
HA8 9SZ
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