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Company Registration No. 13208838 (England and Wales)
LUXONE DESIGN LIMITED Unaudited accounts for the year ended 29 February 2024
LUXONE DESIGN LIMITED Unaudited accounts Contents
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LUXONE DESIGN LIMITED Company Information for the year ended 29 February 2024
Director
W Price
Company Number
13208838 (England and Wales)
Registered Office
Orion House, Axis 4/5 Woodlands Bradley Stoke Bristol BS32 4JT
Accountants
Streets Steele Limited Orion House, Axis 4/5 Woodlands, Bradley Stoke Bristol BS32 4JT
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LUXONE DESIGN LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,513 
2,594 
Current assets
Inventories
- 
541 
Debtors
5,634 
7,691 
Cash at bank and in hand
902 
1,014 
6,536 
9,246 
Creditors: amounts falling due within one year
(6,307)
(5,572)
Net current assets
229 
3,674 
Net assets
2,742 
6,268 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,741 
6,267 
Shareholders' funds
2,742 
6,268 
For the year ending 29 February 2024 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 director acknowledges his 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 and authorised for issue on 9 April 2024 and were signed on its behalf by
W Price Director Company Registration No. 13208838
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LUXONE DESIGN LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
LUXONE DESIGN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13208838. The registered office is Orion House, Axis 4/5 Woodlands, Bradley Stoke, Bristol, BS32 4JT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
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LUXONE DESIGN LIMITED Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
4,093 
Additions
1,065 
At 29 February 2024
5,158 
Depreciation
At 1 March 2023
1,499 
Charge for the year
1,146 
At 29 February 2024
2,645 
Net book value
At 29 February 2024
2,513 
At 28 February 2023
2,594 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,634 
7,691 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,264 
3,061 
Other creditors
1,463 
1,964 
Loans from directors
580 
547 
6,307 
5,572 
7
Transactions with related parties
As at 28 February 2024, the company owed the director £580 (2023: £547). This loan is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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