Registered number
11302238
Luxx London Ltd
Filleted Accounts
30 April 2024
Luxx London Ltd
Registered number: 11302238
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Stocks 5,310 11,470
Debtors 3 10,931 49,659
Cash at bank and in hand 27,835 30,373
44,076 91,502
Creditors: amounts falling due within one year 4 (33,717) (75,462)
Net current assets 10,359 16,040
Total assets less current liabilities 10,359 16,040
Creditors: amounts falling due after more than one year 5 (9,166) (13,567)
Net assets 1,193 2,473
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,093 2,373
Shareholder's funds 1,193 2,473
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H J Low
Director
Approved by the board on 17 December 2024
Luxx London Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Debtors 2024 2023
£ £
Trade debtors - 34,320
Other debtors 10,931 15,339
10,931 49,659
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,529 22,136
Other creditors 30,188 53,326
33,717 75,462
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,166 13,567
6 Other information
Luxx London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 The Grange
Blakes Lane
New Malden
Surrey
KT3 6NY
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