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REGISTERED NUMBER: 09743229 (England and Wales)















LUXSMI LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






LUXSMI LTD (REGISTERED NUMBER: 09743229)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


LUXSMI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Ms Shobhna Jesa
Mr Krishna Raj





SECRETARY:





REGISTERED OFFICE: 17 Kingswood Road, Tadworth,
Surrey
KT205EE





REGISTERED NUMBER: 09743229 (England and Wales)





ACCOUNTANTS: Shareef
Chartered Accountants
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE

LUXSMI LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
LUXSMI LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shareef
Chartered Accountants
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE


6 January 2025

LUXSMI LTD (REGISTERED NUMBER: 09743229)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 486,026 394,772

CURRENT ASSETS
Debtors 5 161,049 116,827
Cash at bank 419,447 128,010
580,496 244,837
CREDITORS
Amounts falling due within one year 6 424,877 147,029
NET CURRENT ASSETS 155,619 97,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,645

492,580

CREDITORS
Amounts falling due after more than one year 7 41,136 75,868
NET ASSETS 600,509 416,712

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 600,409 416,612
SHAREHOLDERS' FUNDS 600,509 416,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LUXSMI LTD (REGISTERED NUMBER: 09743229)

BALANCE SHEET - continued
30 APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





Ms Shobhna Jesa - Director


LUXSMI LTD (REGISTERED NUMBER: 09743229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Luxsmi Ltd is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery etc - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

LUXSMI LTD (REGISTERED NUMBER: 09743229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 630,925
Additions 179,569
At 30 April 2024 810,494
DEPRECIATION
At 1 May 2023 236,153
Charge for year 88,315
At 30 April 2024 324,468
NET BOOK VALUE
At 30 April 2024 486,026
At 30 April 2023 394,772

The net book value of Plant and machinery of £465,004.22 (2023 £370,499.71) includes £13,759.30
(2023 £16,187.41) of assets held under Hire Purchase contracts. The depreciation charge on these assets was £2,428.11 (2023 £2856.6).

The net book value of Motor vehicles of £19,600.00 (2023 £24,500.00) includes £19,600.00 (2023 £24,500.00) of assets held under Hire Purchase contracts. The depreciation charge on these assets was £4,900.00 (2023 £Nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,517 87,020
Amounts owed by connected companies 474 10,400
Other debtors 25,058 19,407
161,049 116,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,000 28,000
Hire purchase contracts 9,197 12,946
Trade creditors 195,843 51,576
Amounts owed by connected companies 8,772 8,772
Taxation and social security 4,007 165
Other creditors 179,058 45,570
424,877 147,029

LUXSMI LTD (REGISTERED NUMBER: 09743229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,334 58,333
Hire purchase contracts 10,802 17,535
41,136 75,868