2022-03-232023-03-212023-03-21false08894501LEXO BLUE LTD2024-03-1047290iso4217:GBPxbrli:pure088945012022-03-23088945012023-03-21088945012022-03-232023-03-21088945012021-03-25088945012022-03-22088945012021-03-252022-03-2208894501bus:SmallEntities2022-03-232023-03-2108894501bus:AuditExempt-NoAccountantsReport2022-03-232023-03-2108894501bus:FullAccounts2022-03-232023-03-2108894501bus:PrivateLimitedCompanyLtd2022-03-232023-03-2108894501core:WithinOneYear2023-03-2108894501core:AfterOneYear2023-03-2108894501core:WithinOneYear2022-03-2208894501core:AfterOneYear2022-03-2208894501core:ShareCapital2023-03-2108894501core:SharePremium2023-03-2108894501core:RevaluationReserve2023-03-2108894501core:OtherReservesSubtotal2023-03-2108894501core:RetainedEarningsAccumulatedLosses2023-03-2108894501core:ShareCapital2022-03-2208894501core:SharePremium2022-03-2208894501core:RevaluationReserve2022-03-2208894501core:OtherReservesSubtotal2022-03-2208894501core:RetainedEarningsAccumulatedLosses2022-03-2208894501core:LandBuildings2023-03-2108894501core:PlantMachinery2023-03-2108894501core:Vehicles2023-03-2108894501core:FurnitureFittings2023-03-2108894501core:OfficeEquipment2023-03-2108894501core:NetGoodwill2023-03-2108894501core:IntangibleAssetsOtherThanGoodwill2023-03-2108894501core:ListedExchangeTraded2023-03-2108894501core:UnlistedNon-exchangeTraded2023-03-2108894501core:LandBuildings2022-03-2208894501core:PlantMachinery2022-03-2208894501core:Vehicles2022-03-2208894501core:FurnitureFittings2022-03-2208894501core:OfficeEquipment2022-03-2208894501core:NetGoodwill2022-03-2208894501core:IntangibleAssetsOtherThanGoodwill2022-03-2208894501core:ListedExchangeTraded2022-03-2208894501core:UnlistedNon-exchangeTraded2022-03-2208894501core:LandBuildings2022-03-232023-03-2108894501core:PlantMachinery2022-03-232023-03-2108894501core:Vehicles2022-03-232023-03-2108894501core:FurnitureFittings2022-03-232023-03-2108894501core:OfficeEquipment2022-03-232023-03-2108894501core:NetGoodwill2022-03-232023-03-2108894501core:IntangibleAssetsOtherThanGoodwill2022-03-232023-03-2108894501core:ListedExchangeTraded2022-03-232023-03-2108894501core:UnlistedNon-exchangeTraded2022-03-232023-03-2108894501core:MoreThanFiveYears2022-03-232023-03-2108894501core:Non-currentFinancialInstruments2023-03-2108894501core:Non-currentFinancialInstruments2022-03-2208894501dpl:CostSales2022-03-232023-03-2108894501dpl:DistributionCosts2022-03-232023-03-2108894501core:LandBuildings2022-03-232023-03-2108894501core:PlantMachinery2022-03-232023-03-2108894501core:Vehicles2022-03-232023-03-2108894501core:FurnitureFittings2022-03-232023-03-2108894501core:OfficeEquipment2022-03-232023-03-2108894501dpl:AdministrativeExpenses2022-03-232023-03-2108894501core:NetGoodwill2022-03-232023-03-2108894501core:IntangibleAssetsOtherThanGoodwill2022-03-232023-03-2108894501dpl:GroupUndertakings2022-03-232023-03-2108894501dpl:ParticipatingInterests2022-03-232023-03-2108894501dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-232023-03-2108894501core:ListedExchangeTraded2022-03-232023-03-2108894501dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-232023-03-2108894501core:UnlistedNon-exchangeTraded2022-03-232023-03-2108894501dpl:CostSales2021-03-252022-03-2208894501dpl:DistributionCosts2021-03-252022-03-2208894501core:LandBuildings2021-03-252022-03-2208894501core:PlantMachinery2021-03-252022-03-2208894501core:Vehicles2021-03-252022-03-2208894501core:FurnitureFittings2021-03-252022-03-2208894501core:OfficeEquipment2021-03-252022-03-2208894501dpl:AdministrativeExpenses2021-03-252022-03-2208894501core:NetGoodwill2021-03-252022-03-2208894501core:IntangibleAssetsOtherThanGoodwill2021-03-252022-03-2208894501dpl:GroupUndertakings2021-03-252022-03-2208894501dpl:ParticipatingInterests2021-03-252022-03-2208894501dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-252022-03-2208894501core:ListedExchangeTraded2021-03-252022-03-2208894501dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-252022-03-2208894501core:UnlistedNon-exchangeTraded2021-03-252022-03-2208894501core:NetGoodwill2023-03-2108894501core:IntangibleAssetsOtherThanGoodwill2023-03-2108894501core:LandBuildings2023-03-2108894501core:PlantMachinery2023-03-2108894501core:Vehicles2023-03-2108894501core:FurnitureFittings2023-03-2108894501core:OfficeEquipment2023-03-2108894501core:AfterOneYear2023-03-2108894501core:WithinOneYear2023-03-2108894501core:ListedExchangeTraded2023-03-2108894501core:UnlistedNon-exchangeTraded2023-03-2108894501core:ShareCapital2023-03-2108894501core:SharePremium2023-03-2108894501core:RevaluationReserve2023-03-2108894501core:OtherReservesSubtotal2023-03-2108894501core:RetainedEarningsAccumulatedLosses2023-03-2108894501core:NetGoodwill2022-03-2208894501core:IntangibleAssetsOtherThanGoodwill2022-03-2208894501core:LandBuildings2022-03-2208894501core:PlantMachinery2022-03-2208894501core:Vehicles2022-03-2208894501core:FurnitureFittings2022-03-2208894501core:OfficeEquipment2022-03-2208894501core:AfterOneYear2022-03-2208894501core:WithinOneYear2022-03-2208894501core:ListedExc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LEXO BLUE LTD

Registered Number
08894501
(England and Wales)

Unaudited Financial Statements for the Period ended
21 March 2023

LEXO BLUE LTD
Company Information
for the period from 23 March 2022 to 21 March 2023

Directors

PATEL, Dipak Jayanand
PATEL, Hitesh Jayanand
PATEL, Jitendra Jayanand

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

08894501 (England and Wales)
LEXO BLUE LTD
Balance Sheet as at
21 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets55,2805,721
Tangible assets6276,321337,356
281,601343,077
Current assets
Stocks724,03618,771
Debtors8399,060560,642
Cash at bank and on hand562,544212,081
985,640791,494
Creditors amounts falling due within one year9(836,703)(667,095)
Net current assets (liabilities)148,937124,399
Total assets less current liabilities430,538467,476
Creditors amounts falling due after one year10(63,499)(42,220)
Net assets367,039425,256
Capital and reserves
Called up share capital100100
Profit and loss account366,939425,156
Shareholders' funds367,039425,256
The financial statements were approved and authorised for issue by the Board of Directors on 10 March 2024, and are signed on its behalf by:
PATEL, Dipak Jayanand
Director
PATEL, Hitesh Jayanand
Director
PATEL, Jitendra Jayanand
Director

Registered Company No. 08894501
LEXO BLUE LTD
Notes to the Financial Statements
for the period ended 21 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings25-
Fixtures and fittings-5
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents and licences are being amortised evenly over their estimated useful life of nil years. Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.
Stocks policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving item
Revenue recognition policy
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.
Taxation policy
Taxation for the period 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 policy
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 period 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease
Employee benefits policy
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.
Valuation of financial instruments policy
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on. a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
4.Employee information

20232022
Average number of employees during the year33
5.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 23 March 2218,9338,80027,733
At 21 March 2318,9338,80027,733
Amortisation and impairment
At 23 March 2218,9323,08022,012
Charge for year1440441
At 21 March 2318,9333,52022,453
Net book value
At 21 March 23-5,2805,280
At 22 March 2215,7205,721
6.Property, plant and equipment

Land & buildings

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 23 March 22348,546-477,601826,147
Additions-58,190-58,190
At 21 March 23348,54658,190477,601884,337
Depreciation and impairment
At 23 March 22292,536-196,255488,791
Charge for year34,34214,54770,336119,225
At 21 March 23326,87814,547266,591608,016
Net book value
At 21 March 2321,66843,643211,010276,321
At 22 March 2256,010-281,346337,356
7.Stocks

2023

2022

££
Other stocks24,03618,771
Total24,03618,771
8.Debtors

2023

2022

££
Trade debtors / trade receivables272,695470,272
Other debtors106,61641,301
Prepayments and accrued income19,74949,069
Total399,060560,642
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.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables507,532347,224
Bank borrowings and overdrafts75,1136,618
Taxation and social security83,53943,836
Other creditors165,970158,970
Accrued liabilities and deferred income4,549110,447
Total836,703667,095
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.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts63,49942,220
Total63,49942,220