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REGISTERED NUMBER: 12557749 (England and Wales)


Luviacure Limited

Abridged Unaudited Financial Statements

for the Year Ended 29 February 2024






Luviacure Limited (Registered number: 12557749)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Financial Position 3

Notes to the Financial Statements 5


Luviacure Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: Mr C A Basoglu





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 12557749 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Luviacure Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Luviacure Limited for the year ended 29 February 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Luviacure Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Luviacure Limited and state those matters that we have agreed to state to the director of Luviacure Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Luviacure Limited and its director for our work or for this report.

It is your duty to ensure that Luviacure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Luviacure Limited. You consider that Luviacure Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Luviacure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


4 November 2024

Luviacure Limited (Registered number: 12557749)

Abridged Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,868 1,132

CURRENT ASSETS
Inventories 10,225 -
Debtors 884 1,142
Cash at bank and in hand 1,140 9,270
12,249 10,412
CREDITORS
Amounts falling due within one year 11,661 10,445
NET CURRENT ASSETS/(LIABILITIES) 588 (33 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,456

1,099

PROVISIONS FOR LIABILITIES 5 355 215
NET ASSETS 2,101 884

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 2,001 784
SHAREHOLDERS' FUNDS 2,101 884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Luviacure Limited (Registered number: 12557749)

Abridged Statement of Financial Position - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





Mr C A Basoglu - Director


Luviacure Limited (Registered number: 12557749)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Luviacure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Luviacure Limited (Registered number: 12557749)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 March 2023 1,415
Additions 1,061
At 29 February 2024 2,476
DEPRECIATION
At 1 March 2023 283
Charge for year 325
At 29 February 2024 608
NET BOOK VALUE
At 29 February 2024 1,868
At 28 February 2023 1,132

Luviacure Limited (Registered number: 12557749)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 355 215

Deferred
tax
£   
Balance at 1 March 2023 215
Charge to Statement of Income and Retained Earnings during year 140
Balance at 29 February 2024 355

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 March 2023 784
Profit for the year 5,217
Dividends (4,000 )
At 29 February 2024 2,001

8. RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to key management personnel at balance sheet date of £4,044 (2023: £1,637). No interest is charged on this balance and it is repayable on demand.