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Registered Number: 11361116
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 May 2024

for

LUXURY GOURMET LTD

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Luxury Gourmet Ltd for the year ended 31 May 2024 which comprise the Income Statement, the Statement of Financial Position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Luxury Gourmet Ltd, as a body, in accordance with the terms of our engagement letter dated 21 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Luxury Gourmet Ltd and state those matters that we have agreed to state to the Board ofs of Luxury Gourmet Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Luxury Gourmet Ltd and its members as a body for our work or for this report.

It is your duty to ensure that Luxury Gourmet Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Luxury Gourmet Ltd. You consider that Luxury Gourmet Ltd 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 accounts of Luxury Gourmet Ltd. 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 accounts.



....................................................
Sole Associates SVR Ltd
3 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD
21 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 78,878    93,619 
78,878    93,619 
Current assets      
Stocks 13,500    12,000 
Debtors (2,372)   16,888 
Cash at bank and in hand 60,191    41,908 
71,319    70,796 
Creditors: amount falling due within one year (96,992)   (57,684)
Net current assets (25,673)   13,112 
 
Total assets less current liabilities 53,205    106,731 
Creditors: amount falling due after more than one year (3,062)   (12,247)
Net assets 50,143    94,484 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 50,142    94,483 
Shareholders' funds 50,143    94,484 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 21 October 2024 and were signed by:


-------------------------------
A Melis
Director
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General Information
Luxury Gourmet Ltd is a private company, limited by shares, registered in England and Wales, registration number 11361116, registration address 10 Crofts Close, Chiddingfold, Godalming, Surrey, GU8 4SG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 4% Straight Line
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 June 2023 17,692    20,804    50,412    49,553    4,062    142,523 
Additions   2,961      4,269      7,230 
Disposals          
At 31 May 2024 17,692    23,765    50,412    53,822    4,062    149,753 
Depreciation
At 01 June 2023 776    11,701    18,495    15,063    2,869    48,904 
Charge for year 708    3,452    7,979    8,998    834    21,971 
On disposals          
At 31 May 2024 1,484    15,153    26,474    24,061    3,703    70,875 
Net book values
Closing balance as at 31 May 2024 16,208    8,612    23,938    29,761    359    78,878 
Opening balance as at 01 June 2023 16,916    9,103    31,917    34,490    1,193    93,619 


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