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REGISTERED NUMBER: 08086583 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 May 2023

for

LUGIS LIMITED

LUGIS LIMITED (REGISTERED NUMBER: 08086583)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LUGIS LIMITED

Company Information
for the Year Ended 30 May 2023







DIRECTORS: A Thrasyvoulou
B J Singh
M A Tzirki



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 08086583 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Lloyds
2 George Row
Northampton
Northamptonshire
NN1 1DJ

LUGIS LIMITED (REGISTERED NUMBER: 08086583)

Statement of Financial Position
30 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,538 150,538
Tangible assets 5 68,603 69,985
219,141 220,523

CURRENT ASSETS
Debtors 6 855 1,509
Cash at bank 3,089 2,748
3,944 4,257
CREDITORS
Amounts falling due within one year 7 132,274 137,834
NET CURRENT LIABILITIES (128,330 ) (133,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,811

86,946

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,711 86,846
SHAREHOLDERS' FUNDS 90,811 86,946

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




A Thrasyvoulou - Director


LUGIS LIMITED (REGISTERED NUMBER: 08086583)

Notes to the Financial Statements
for the Year Ended 30 May 2023

1. STATUTORY INFORMATION

Lugis Limited 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.

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.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 May 2022
and 30 May 2023 150,538
NET BOOK VALUE
At 30 May 2023 150,538
At 30 May 2022 150,538

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings Totals
£    £    £    £   
COST
At 31 May 2022
and 30 May 2023 1 63,075 25,023 88,099
DEPRECIATION
At 31 May 2022 - - 18,114 18,114
Charge for year - - 1,382 1,382
At 30 May 2023 - - 19,496 19,496
NET BOOK VALUE
At 30 May 2023 1 63,075 5,527 68,603
At 30 May 2022 1 63,075 6,909 69,985

LUGIS LIMITED (REGISTERED NUMBER: 08086583)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 855 1,509

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,816 73,982
Tax 1,231 1,980
Other creditors 23,354 22,930
Directors' current accounts 40,514 38,575
Accrued expenses 5,359 367
132,274 137,834

8. ULTIMATE CONTROLLING PARTY

The company is under the direct control of Mr A Thrasyvoulou, Mr B J Singh & Mr M A Tzirki, company directors.