IRIS Accounts Production v24.1.0.578 12233257 director 31.3.22 30.3.23 30.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122332572022-03-30122332572023-03-30122332572022-03-312023-03-30122332572021-03-30122332572021-03-312022-03-30122332572022-03-3012233257ns15:EnglandWales2022-03-312023-03-3012233257ns14:PoundSterling2022-03-312023-03-3012233257ns10:Director12022-03-312023-03-3012233257ns10:PrivateLimitedCompanyLtd2022-03-312023-03-3012233257ns10:SmallEntities2022-03-312023-03-3012233257ns10:AuditExempt-NoAccountantsReport2022-03-312023-03-3012233257ns10:SmallCompaniesRegimeForDirectorsReport2022-03-312023-03-3012233257ns10:SmallCompaniesRegimeForAccounts2022-03-312023-03-3012233257ns10:FullAccounts2022-03-312023-03-3012233257ns10:RegisteredOffice2022-03-312023-03-3012233257ns5:CurrentFinancialInstruments2023-03-3012233257ns5:CurrentFinancialInstruments2022-03-3012233257ns5:ShareCapital2023-03-3012233257ns5:ShareCapital2022-03-3012233257ns5:RetainedEarningsAccumulatedLosses2023-03-3012233257ns5:RetainedEarningsAccumulatedLosses2022-03-3012233257ns5:ComputerEquipment2022-03-312023-03-3012233257ns5:ComputerEquipment2022-03-3012233257ns5:ComputerEquipment2023-03-3012233257ns5:ComputerEquipment2022-03-3012233257ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3012233257ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-30122332571ns10:Director12022-03-30122332571ns10:Director12021-03-30122332571ns10:Director12022-03-312023-03-30122332571ns10:Director12021-03-312022-03-30122332571ns10:Director12023-03-30122332571ns10:Director12022-03-30
REGISTERED NUMBER: 12233257 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023

FOR

AG LUXURY INTERIORS LTD

AG LUXURY INTERIORS LTD (REGISTERED NUMBER: 12233257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AG LUXURY INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2023







DIRECTOR: F Shahzad





REGISTERED OFFICE: 4 Old Park Lane
Mayfair
London
WK1 1QW





REGISTERED NUMBER: 12233257 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

AG LUXURY INTERIORS LTD (REGISTERED NUMBER: 12233257)

BALANCE SHEET
30 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 982 1,309

CURRENT ASSETS
Debtors 5 824 1,907
Cash at bank 634 27,373
1,458 29,280
CREDITORS
Amounts falling due within one year 6 26,967 30,136
NET CURRENT LIABILITIES (25,509 ) (856 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,527

)

453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,627 ) 353
(24,527 ) 453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 18 April 2024 and were signed by:





F Shahzad - Director


AG LUXURY INTERIORS LTD (REGISTERED NUMBER: 12233257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1. STATUTORY INFORMATION

Ag Luxury Interiors Ltd 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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

Going concern
The accounts show a negative balance sheet position at the end of the year. The accounts have been prepared on a going concern basis as the director has confirmed he will continue to support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

AG LUXURY INTERIORS LTD (REGISTERED NUMBER: 12233257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 31 March 2022
and 30 March 2023 2,256
DEPRECIATION
At 31 March 2022 947
Charge for year 327
At 30 March 2023 1,274
NET BOOK VALUE
At 30 March 2023 982
At 30 March 2022 1,309

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 824 1,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,910 15,431
Taxation and social security 4,562 12,355
Other creditors 19,495 2,350
26,967 30,136

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 March 2023 and 30 March 2022:

2023 2022
£    £   
F Shahzad and Mrs R Rundle
Balance outstanding at start of year 1,908 12,300
Amounts advanced - 25,703
Amounts repaid (1,908 ) (36,095 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,908

Interest has been charged on the overdrawn loan account at the official rate of interest.