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Company Registration No. 12285622 (England and Wales)
Luxwax Limited Unaudited accounts for the year ended 31 October 2023
Luxwax Limited Unaudited accounts Contents
Page
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Luxwax Limited Company Information for the year ended 31 October 2023
Director
Vygaile Castagnetti
Company Number
12285622 (England and Wales)
Registered Office
73 Tottenham Lane Tottenham Lane London N8 9BE England
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Luxwax Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
968 
1,937 
Tangible assets
54,307 
17,876 
55,275 
19,813 
Current assets
Inventories
3,249 
7,041 
Debtors
5,674 
4,678 
Cash at bank and in hand
4,300 
7,618 
13,223 
19,337 
Creditors: amounts falling due within one year
(81,839)
(21,442)
Net current liabilities
(68,616)
(2,105)
Total assets less current liabilities
(13,341)
17,708 
Creditors: amounts falling due after more than one year
(12,738)
(17,500)
Net (liabilities)/assets
(26,079)
208 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(26,089)
198 
Shareholders' funds
(26,079)
208 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Vygaile Castagnetti Director Company Registration No. 12285622
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Luxwax Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Luxwax Limited is a private company, limited by shares, registered in England and Wales, registration number 12285622. The registered office is 73 Tottenham Lane Tottenham Lane, London, N8 9BE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20%
Plant & machinery
20%
Fixtures & fittings
50%, 33.33%, 20%, & 14.30%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
3,874 
At 31 October 2023
3,874 
Amortisation
At 1 November 2022
1,937 
Charge for the year
969 
At 31 October 2023
2,906 
Net book value
At 31 October 2023
968 
At 31 October 2022
1,937 
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Luxwax Limited Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
18,301 
2,950 
21,731 
42,982 
Additions
- 
52,250 
1,381 
53,631 
At 31 October 2023
18,301 
55,200 
23,112 
96,613 
Depreciation
At 1 November 2022
10,980 
983 
13,143 
25,106 
Charge for the year
3,660 
8,448 
5,092 
17,200 
At 31 October 2023
14,640 
9,431 
18,235 
42,306 
Net book value
At 31 October 2023
3,661 
45,769 
4,877 
54,307 
At 31 October 2022
7,321 
1,967 
8,588 
17,876 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,600 
4,678 
Accrued income and prepayments
500 
- 
Other debtors
1,574 
- 
5,674 
4,678 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,345 
- 
Trade creditors
2,215 
- 
Taxes and social security
6,136 
- 
Other creditors
70,143 
21,442 
81,839 
21,442 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,738 
- 
Other creditors
- 
15,507 
Taxes and social security
- 
1,993 
12,738 
17,500 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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