Company Registration No. 12285622 (England and Wales)
Luxwax Limited
Unaudited accounts
for the year ended 31 October 2023
Luxwax Limited
Unaudited accounts
Contents
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
Luxwax Limited
Statement of financial position
as at 31 October 2023
Intangible assets
968
1,937
Tangible assets
54,307
17,876
Cash at bank and in hand
4,300
7,618
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
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
Luxwax Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
50%, 33.33%, 20%, & 14.30%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 31 October 2023
3,661
45,769
4,877
54,307
At 31 October 2022
7,321
1,967
8,588
17,876
Amounts falling due within one year
Accrued income and prepayments
500
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,136
-
Other creditors
70,143
21,442
8
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
-
1,993
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).