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REGISTERED NUMBER: SC688423 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 29 February 2024

for

Luxury Install Ltd

Luxury Install Ltd (Registered number: SC688423)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Luxury Install Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S Calder





SECRETARY: N J Moffat





REGISTERED OFFICE: 6 Priestinch Road
Winchburgh
Broxburn
EH52 6UY





REGISTERED NUMBER: SC688423 (Scotland)





ACCOUNTANTS: NM Advisory Ltd
1 Hill Street
Edinburgh
EH2 3JP

Luxury Install Ltd (Registered number: SC688423)

Report of the Director
for the Year Ended 29 February 2024

The director presents his report with the financial statements of the company for the year ended 29 February 2024.

DIRECTOR
S Calder held office during the whole of the period from 1 March 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Calder - Director


28 November 2024

Luxury Install Ltd (Registered number: SC688423)

Income Statement
for the Year Ended 29 February 2024

29.2.24 28.2.23
Notes £    £   

TURNOVER 111,730 109,172

Cost of sales 50,674 55,169
GROSS PROFIT 61,056 54,003

Administrative expenses 30,611 29,001
OPERATING PROFIT and
PROFIT BEFORE TAXATION 30,445 25,002

Tax on profit 5,813 5,037
PROFIT FOR THE FINANCIAL YEAR 24,632 19,965

Luxury Install Ltd (Registered number: SC688423)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,180 4,332

CURRENT ASSETS
Stocks 750 750
Debtors 6 11,031 4,900
Cash at bank 3,599 13,117
15,380 18,767
CREDITORS
Amounts falling due within one year 7 11,960 22,999
NET CURRENT ASSETS/(LIABILITIES) 3,420 (4,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,600

100

CREDITORS
Amounts falling due after more than
one year

8

7,500

-
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

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.

Luxury Install Ltd (Registered number: SC688423)

Balance Sheet - continued
29 February 2024


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

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





S Calder - Director


Luxury Install Ltd (Registered number: SC688423)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Luxury Install Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

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

Luxury Install Ltd (Registered number: SC688423)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

29.2.24 28.2.23
£    £   
Depreciation - owned assets 1,783 1,508

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 6,801
Additions 1,631
At 29 February 2024 8,432
DEPRECIATION
At 1 March 2023 2,469
Charge for year 1,783
At 29 February 2024 4,252
NET BOOK VALUE
At 29 February 2024 4,180
At 28 February 2023 4,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,155 2,155
Other debtors 8,876 2,745
11,031 4,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 9,785 8,279
Other creditors 2,175 14,720
11,960 22,999

Luxury Install Ltd (Registered number: SC688423)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 7,500 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
S Calder
Balance outstanding at start of year (11,470 ) -
Amounts advanced 42,215 -
Amounts repaid (24,614 ) (11,470 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,131 (11,470 )