LUX SPORTS CARS LIMITED

Company Registration Number:
10446146 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

LUX SPORTS CARS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

LUX SPORTS CARS LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 7,436 8,748
Total fixed assets: 7,436 8,748
Current assets
Stocks: 25,250 101,250
Debtors:   22,413 27,192
Cash at bank and in hand: 220,121 91,662
Total current assets: 267,784 220,104
Creditors: amounts falling due within one year:   (93,780) (40,067)
Net current assets (liabilities): 174,004 180,037
Total assets less current liabilities: 181,440 188,785
Creditors: amounts falling due after more than one year:   (220,383) (230,211)
Total net assets (liabilities): (38,943) (41,426)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (39,043) (41,526)
Shareholders funds: (38,943) (41,426)

The notes form part of these financial statements

LUX SPORTS CARS LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 July 2024
and signed on behalf of the board by:

Name: MR PARRY CHANA
Status: Director

The notes form part of these financial statements

LUX SPORTS CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

LUX SPORTS CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

LUX SPORTS CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 17,319
At 31 October 2023 17,319
Depreciation
At 01 November 2022 8,571
Charge for year 1,312
At 31 October 2023 9,883
Net book value
At 31 October 2023 7,436
At 31 October 2022 8,748