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Company Registration No. 07615357 (England and Wales)
Lumi Power Yoga Ltd Unaudited accounts for the year ended 30 April 2024
Lumi Power Yoga Ltd Unaudited accounts Contents
Page
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Lumi Power Yoga Ltd Company Information for the year ended 30 April 2024
Directors
Ari Iso-Rautio Jenny Iso-Rautio
Company Number
07615357 (England and Wales)
Registered Office
121 King Street London W6 9JG
Accountants
Gains Accountants Queen Elizabeth Olympic Park Plexal, 14 East Bay Lane London E20 3BS
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Lumi Power Yoga Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,812 
36,438 
Current assets
Inventories
350 
1,475 
Debtors
31,916 
34,639 
Cash at bank and in hand
50,485 
68,210 
82,751 
104,324 
Creditors: amounts falling due within one year
(102,770)
(83,300)
Net current (liabilities)/assets
(20,019)
21,024 
Total assets less current liabilities
7,793 
57,462 
Creditors: amounts falling due after more than one year
(21,334)
(53,333)
Provisions for liabilities
Deferred tax
(5,284)
(6,923)
Net liabilities
(18,825)
(2,794)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,925)
(2,894)
Shareholders' funds
(18,825)
(2,794)
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by
Ari Iso-Rautio Director Company Registration No. 07615357
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Lumi Power Yoga Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Lumi Power Yoga Ltd is a private company, limited by shares, registered in England and Wales, registration number 07615357. The registered office is 121 King Street, London, W6 9JG.
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:
Land & buildings
10% (Straight line basis)
Plant & machinery
25% (Straight line basis)
Fixtures & fittings
25% (Straight line basis)
Computer equipment
25% (Straight line basis)
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Lumi Power Yoga Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
239,524 
1,048 
17,377 
24,316 
282,265 
Additions
- 
- 
- 
235 
235 
At 30 April 2024
239,524 
1,048 
17,377 
24,551 
282,500 
Depreciation
At 1 May 2023
207,352 
769 
15,151 
22,555 
245,827 
Charge for the year
5,947 
96 
1,692 
1,126 
8,861 
At 30 April 2024
213,299 
865 
16,843 
23,681 
254,688 
Net book value
At 30 April 2024
26,225 
183 
534 
870 
27,812 
At 30 April 2023
32,172 
279 
2,226 
1,761 
36,438 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
204 
170 
Accrued income and prepayments
11,288 
14,395 
Other debtors
20,424 
20,074 
31,916 
34,639 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
15,999 
- 
VAT
12,706 
14,218 
Trade creditors
52,674 
41,521 
Taxes and social security
(206)
(206)
Loans from directors
(6,266)
(6,176)
Accruals
1,866 
- 
Deferred income
25,997 
33,943 
102,770 
83,300 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,334 
53,333 
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Lumi Power Yoga Ltd Notes to the Accounts for the year ended 30 April 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,284 
6,923 
2024 
2023 
£ 
£ 
Provision at start of year
6,923 
12,057 
Credited to the profit and loss account
(1,639)
(5,134)
Provision at end of year
5,284 
6,923 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
At the year-end, £6,266 is owed by Ari Iso-Rautio to the company (2023: £6,176). This balance is repaid within nine months after the year-end.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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