0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,000 750 563 1,313 1,687 2,250 xbrli:pure xbrli:shares iso4217:GBP 13422777 2022-06-01 2023-05-31 13422777 2023-05-31 13422777 2022-05-31 13422777 2021-05-26 2022-05-31 13422777 2022-05-31 13422777 2021-05-25 13422777 core:FurnitureFittings 2022-06-01 2023-05-31 13422777 bus:Director1 2022-06-01 2023-05-31 13422777 core:FurnitureFittings 2022-05-31 13422777 core:FurnitureFittings 2023-05-31 13422777 core:WithinOneYear 2023-05-31 13422777 core:WithinOneYear 2022-05-31 13422777 core:ShareCapital 2023-05-31 13422777 core:ShareCapital 2022-05-31 13422777 core:RetainedEarningsAccumulatedLosses 2023-05-31 13422777 core:RetainedEarningsAccumulatedLosses 2022-05-31 13422777 core:FurnitureFittings 2022-05-31 13422777 bus:SmallEntities 2022-06-01 2023-05-31 13422777 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13422777 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 13422777 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13422777 bus:FullAccounts 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 13422777
HOUSE OF LUXE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 May 2023
HOUSE OF LUXE LTD
STATEMENT OF FINANCIAL POSITION
31 May 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
1,687
2,250
CURRENT ASSETS
Stocks
12,150
7,950
Debtors
5
8,992
706
Cash at bank and in hand
1,132
1,427
--------
--------
22,274
10,083
CREDITORS: amounts falling due within one year
6
( 38,002)
( 22,487)
--------
--------
NET CURRENT LIABILITIES
( 15,728)
( 12,404)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 14,041)
( 10,154)
PROVISIONS
( 321)
( 428)
--------
--------
NET LIABILITIES
( 14,362)
( 10,582)
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 14,462)
( 10,682)
--------
--------
SHAREHOLDERS DEFICIT
( 14,362)
( 10,582)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HOUSE OF LUXE LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 17 February 2024 , and are signed on behalf of the board by:
J M Harris
Director
Company registration number: 13422777
HOUSE OF LUXE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, United Kingdom, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have also been prepared on the going concern basis.The director considers the going concern basis to be appropriate as she has confirmed her ongoing support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the Company in respect of goods and services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities.
4. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 June 2022 and 31 May 2023
3,000
-------
Depreciation
At 1 June 2022
750
Charge for the year
563
-------
At 31 May 2023
1,313
-------
Carrying amount
At 31 May 2023
1,687
-------
At 31 May 2022
2,250
-------
5. DEBTORS
2023
2022
£
£
Trade debtors
280
Other debtors
8,992
426
-------
----
8,992
706
-------
----
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
6,888
1,735
Other creditors
29,864
19,502
Other creditors
1,250
1,250
--------
--------
38,002
22,487
--------
--------