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REGISTERED NUMBER: 09641049 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MAY 2023 TO 29 FEBRUARY 2024

FOR

LUXURY DESIGN (HARBORNE) LTD

LUXURY DESIGN (HARBORNE) LTD (REGISTERED NUMBER: 09641049)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 May 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUXURY DESIGN (HARBORNE) LTD

COMPANY INFORMATION
for the period 1 May 2023 to 29 February 2024







DIRECTORS: Dr A B Saffarian
A M Lamb
D E Revill
P J Wood





SECRETARY: Mrs A B Lamb





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 09641049 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

LUXURY DESIGN (HARBORNE) LTD (REGISTERED NUMBER: 09641049)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks - 755,030
Debtors 4 2,493 469,026
Cash at bank 520,073 668
522,566 1,224,724
CREDITORS
Amounts falling due within one year 5 267,841 1,241,632
NET CURRENT ASSETS/(LIABILITIES) 254,725 (16,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,725

(16,908

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 254,625 (17,008 )
SHAREHOLDERS' FUNDS 254,725 (16,908 )

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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2024 and were signed on its behalf by:





Dr A B Saffarian - Director


LUXURY DESIGN (HARBORNE) LTD (REGISTERED NUMBER: 09641049)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 May 2023 to 29 February 2024

1. STATUTORY INFORMATION

Luxury Design (Harborne) Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

LUXURY DESIGN (HARBORNE) LTD (REGISTERED NUMBER: 09641049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 May 2023 to 29 February 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 292,406
Other debtors - 1,529
VAT 2,493 175,091
2,493 469,026

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,500 111,500
Amounts owed to participating interests 73,404 1,117,814
Tax 90,544 10,772
Other creditors 53,346 -
Directors' current accounts 46 46
Accrued expenses 9,001 1,500
267,841 1,241,632

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The bank loan facility is secured by way of a debenture created 10 October 2019 which contains fixed and floating charges over all property or undertaking of the company.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 29 February 2024 and 30 April 2023:

2024 2023
£    £   
P J Wood
Balance outstanding at start of period - 2,150
Amounts repaid - (2,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

LUXURY DESIGN (HARBORNE) LTD (REGISTERED NUMBER: 09641049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 May 2023 to 29 February 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Dr A B Saffarian
Balance outstanding at start of period - -
Amounts advanced - 10,000
Amounts repaid - (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -