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Company Registration No. 13131549 (England and Wales)
Luxado Ltd Unaudited accounts for the year ended 31 January 2024
Luxado Ltd Unaudited accounts Contents
Page
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Luxado Ltd Company Information for the year ended 31 January 2024
Director
Pashtun Noorzai
Company Number
13131549 (England and Wales)
Registered Office
Unit A, 82 James Carter Road Industrial Estate Mildenhall IP28 7DE England
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Luxado Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,159 
- 
Current assets
Inventories
819 
2,772 
Cash at bank and in hand
585 
16,451 
1,404 
19,223 
Creditors: amounts falling due within one year
(8,676)
(18,139)
Net current (liabilities)/assets
(7,272)
1,084 
Net (liabilities)/assets
(4,113)
1,084 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(4,114)
1,083 
Shareholders' funds
(4,113)
1,084 
For the year ending 31 January 2024 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 his 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 7 September 2024 and were signed on its behalf by
Pashtun Noorzai Director Company Registration No. 13131549
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Luxado Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Luxado Ltd is a private company, limited by shares, registered in England and Wales, registration number 13131549. The registered office is Unit A, 82 James Carter Road, Industrial Estate , Mildenhall, IP28 7DE, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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
3 years straight line
Computer equipment
3 years straight line
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Presentation currency
The accounts are presented in £ sterling.
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Luxado Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
- 
- 
Additions
198 
4,541 
4,739 
At 31 January 2024
198 
4,541 
4,739 
Depreciation
Charge for the year
66 
1,514 
1,580 
At 31 January 2024
66 
1,514 
1,580 
Net book value
At 31 January 2024
132 
3,027 
3,159 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
699 
3,399 
Taxes and social security
(723)
723 
Loans from directors
8,700 
14,017 
8,676 
18,139 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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