Luminex Consulting Limited
Registered number: 14621015
Statement of Financial Position
as at 31 January 2024
Notes 2024
£
Fixed assets
Intangible assets 4 -
Tangible assets 5 18,083
18,083
Current assets
Debtors 6 295,779
Cash at bank and in hand 8,290
304,069
Creditors: amounts falling due within one year 7 (239,166)
Net current assets 64,903
Total assets less current liabilities 82,986
Provisions for liabilities (4,092)
Net assets 78,894
Capital and reserves
Called up share capital 100
Profit and loss account 78,794
Shareholder's funds 78,894
The directors are 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 directors acknowledge their 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 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.
A J Wigmore
Director
Approved by the board on 27 January 2025
Luminex Consulting Limited
Notes to the Accounts
for the period from 27 January 2023 to 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Over 3 years
Debtors
Short term debtors are measured at transaction 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. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Exceptional items 2024
£
Intercompany loan write off (100,703)
(100,703)
3 Employees and directors 2024
Number
Average number of directors and persons employed by the company 12
4 Intangible fixed assets £
Goodwill:
Cost
Additions 5
At 31 January 2024 5
Amortisation
Provided during the period 5
At 31 January 2024 5
Net book value
At 31 January 2024 -
Goodwill is being written off in full in the year.
5 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 27,123
At 31 January 2024 27,123
Depreciation
Charge for the period 9,040
At 31 January 2024 9,040
Net book value
At 31 January 2024 18,083
6 Debtors 2024
£
Trade debtors 238,584
Prepayments 7,215
Accrued income 43,357
Other debtors 6,623
295,779
7 Creditors: amounts falling due within one year 2024
£
Trade creditors 13,017
Accruals 53,876
Amounts owed to group undertakings and undertakings in which the company has a participating interest 601
Corporation tax 27,502
Other taxes and social security costs 77,808
Other creditors 66,362
239,166
8 Related party transactions 2024
£
Luminex Holdings Limited
100% shareholder of Luminex Consulting Limtied
Amount due from (to) the related party (601)
9 Controlling party
Luminex Consulting Limited is a subsidiary of Luminex Holdings Limited who owns 100% of the share capital. Luminex Holdings Ltd is a company registered in the UK. The registered address is:
12 Diddenham Court
Lambwood Hill
Grazeley
Reading
RG7 1JQ
10 Other information
Luminex Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Diddenham Court
Lambwood Hill
Grazeley
Reading
RG7 1JQ
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