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Company Registration No. 08395157 (England and Wales)
SENSATIONAL LUXURY SERVICES LTD Unaudited accounts for the year ended 29 February 2024
SENSATIONAL LUXURY SERVICES LTD Unaudited accounts Contents
Page
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SENSATIONAL LUXURY SERVICES LTD Company Information for the year ended 29 February 2024
Director
Victor Ehizojie
Secretary
Victor Ehizijie
Company Number
08395157 (England and Wales)
Registered Office
352 East Street London SE17 2SX
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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SENSATIONAL LUXURY SERVICES LTD Accountants' report
Accountants' report to the director of SENSATIONAL LUXURY SERVICES LTD on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SENSATIONAL LUXURY SERVICES LTD for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SENSATIONAL LUXURY SERVICES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SENSATIONAL LUXURY SERVICES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SENSATIONAL LUXURY SERVICES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SENSATIONAL LUXURY SERVICES 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 SENSATIONAL LUXURY SERVICES LTD. You consider that SENSATIONAL LUXURY SERVICES 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 SENSATIONAL LUXURY SERVICES 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.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 28 November 2024
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SENSATIONAL LUXURY SERVICES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,400 
16,275 
Current assets
Inventories
1,775 
1,457 
Debtors
34,794 
41,016 
Investments
90,000 
75,000 
Cash at bank and in hand
3,466 
4,587 
130,035 
122,060 
Creditors: amounts falling due within one year
(20,727)
(19,089)
Net current assets
109,308 
102,971 
Net assets
123,708 
119,246 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
122,708 
118,246 
Shareholders' funds
123,708 
119,246 
For the year ending 29 February 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 28 November 2024 and were signed on its behalf by
Victor Ehizojie Director Company Registration No. 08395157
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SENSATIONAL LUXURY SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SENSATIONAL LUXURY SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 08395157. The registered office is 352, East Street, London, SE17 2SX.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
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:
Motor vehicles
25
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
20
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.
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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SENSATIONAL LUXURY SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
40,600 
17,277 
57,877 
At 29 February 2024
40,600 
17,277 
57,877 
Depreciation
At 1 March 2023
26,444 
15,158 
41,602 
Charge for the year
1,416 
459 
1,875 
At 29 February 2024
27,860 
15,617 
43,477 
Net book value
At 29 February 2024
12,740 
1,660 
14,400 
At 28 February 2023
14,156 
2,119 
16,275 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,773 
1,773 
Amounts due from group undertakings etc.
31,399 
37,621 
Accrued income and prepayments
1,600 
1,600 
Other debtors
22 
22 
34,794 
41,016 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
90,000 
75,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
4,600 
4,600 
Taxes and social security
3,993 
2,355 
Other creditors
10,934 
10,934 
Accruals
1,200 
1,200 
20,727 
19,089 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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