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COMPANY REGISTRATION NUMBER: 14507646
Luxe AV & Events Ltd
Filleted Unaudited Financial Statements
30 November 2023
Luxe AV & Events Ltd
Statement of Financial Position
30 November 2023
30 Nov 23
Note
£
Fixed assets
Tangible assets
4
31,834
Current assets
Debtors
5
188
Cash at bank and in hand
6,578
-------
6,766
Creditors: amounts falling due within one year
6
19,875
--------
Net current liabilities
13,109
--------
Total assets less current liabilities
18,725
--------
Capital and reserves
Called up share capital
100
Profit and loss account
18,625
--------
Shareholders funds
18,725
--------
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 period ending 30 November 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 period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:
Mr Vivek Patel
Director
Company registration number: 14507646
Luxe AV & Events Ltd
Notes to the Financial Statements
Period from 25 November 2022 to 30 November 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 136 St Albans Road, Watford, WD24 4FT.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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:
Motor vehicles
-
25% straight line
Equipment
-
25% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 25 November 2022
Additions
11,495
30,951
42,446
--------
--------
--------
At 30 November 2023
11,495
30,951
42,446
--------
--------
--------
Depreciation
At 25 November 2022
Charge for the period
2,874
7,738
10,612
--------
--------
--------
At 30 November 2023
2,874
7,738
10,612
--------
--------
--------
Carrying amount
At 30 November 2023
8,621
23,213
31,834
--------
--------
--------
5. Debtors
30 Nov 23
£
Other debtors
188
----
6. Creditors: amounts falling due within one year
30 Nov 23
£
Other creditors
19,875
--------
7. Financial instruments
There are no financial instruments requiring further disclosure.
8. Director's advances, credits and guarantees
There are no transactions with the directors requiring further disclosure.