IRIS Accounts Production v24.3.2.46 08086583 Board of Directors 31.5.23 30.5.24 30.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080865832023-05-30080865832024-05-30080865832023-05-312024-05-30080865832022-05-30080865832022-05-312023-05-30080865832023-05-3008086583ns15:EnglandWales2023-05-312024-05-3008086583ns14:PoundSterling2023-05-312024-05-3008086583ns10:Director12023-05-312024-05-3008086583ns10:PrivateLimitedCompanyLtd2023-05-312024-05-3008086583ns10:SmallEntities2023-05-312024-05-3008086583ns10:AuditExempt-NoAccountantsReport2023-05-312024-05-3008086583ns10:SmallCompaniesRegimeForDirectorsReport2023-05-312024-05-3008086583ns10:SmallCompaniesRegimeForAccounts2023-05-312024-05-3008086583ns10:FullAccounts2023-05-312024-05-300808658312023-05-312024-05-3008086583ns10:Director22023-05-312024-05-3008086583ns10:Director32023-05-312024-05-3008086583ns10:RegisteredOffice2023-05-312024-05-3008086583ns5:CurrentFinancialInstruments2024-05-3008086583ns5:CurrentFinancialInstruments2023-05-3008086583ns5:ShareCapital2024-05-3008086583ns5:ShareCapital2023-05-3008086583ns5:RetainedEarningsAccumulatedLosses2024-05-3008086583ns5:RetainedEarningsAccumulatedLosses2023-05-3008086583ns5:IntangibleAssetsOtherThanGoodwill2023-05-312024-05-3008086583ns5:NetGoodwill2023-05-3008086583ns5:NetGoodwill2024-05-3008086583ns5:NetGoodwill2023-05-3008086583ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-3008086583ns5:LeaseholdImprovements2023-05-3008086583ns5:FurnitureFittings2023-05-3008086583ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-312024-05-3008086583ns5:LeaseholdImprovements2023-05-312024-05-3008086583ns5:FurnitureFittings2023-05-312024-05-3008086583ns5:LandBuildingsns5:ShortLeaseholdAssets2024-05-3008086583ns5:LeaseholdImprovements2024-05-3008086583ns5:FurnitureFittings2024-05-3008086583ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-3008086583ns5:LeaseholdImprovements2023-05-3008086583ns5:FurnitureFittings2023-05-3008086583ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3008086583ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-30
REGISTERED NUMBER: 08086583 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 May 2024

for

LUGIS LIMITED

LUGIS LIMITED (REGISTERED NUMBER: 08086583)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LUGIS LIMITED

Company Information
for the Year Ended 30 May 2024







DIRECTORS: A Thrasyvoulou
B J Singh
M A Tzirki



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 08086583 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Lloyds
2 George Row
Northampton
Northamptonshire
NN1 1DJ

LUGIS LIMITED (REGISTERED NUMBER: 08086583)

Statement of Financial Position
30 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,538 150,538
Tangible assets 5 67,498 68,603
218,036 219,141

CURRENT ASSETS
Debtors 6 56,187 855
Cash at bank 1,946 3,089
58,133 3,944
CREDITORS
Amounts falling due within one year 7 188,558 132,274
NET CURRENT LIABILITIES (130,425 ) (128,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,611

90,811

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,511 90,711
SHAREHOLDERS' FUNDS 87,611 90,811

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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.

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 13 February 2025 and were signed on its behalf by:



A Thrasyvoulou - Director


LUGIS LIMITED (REGISTERED NUMBER: 08086583)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. STATUTORY INFORMATION

Lugis Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 May 2023
and 30 May 2024 150,538
NET BOOK VALUE
At 30 May 2024 150,538
At 30 May 2023 150,538

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings Totals
£    £    £    £   
COST
At 31 May 2023
and 30 May 2024 1 63,075 25,023 88,099
DEPRECIATION
At 31 May 2023 - - 19,496 19,496
Charge for year - - 1,105 1,105
At 30 May 2024 - - 20,601 20,601
NET BOOK VALUE
At 30 May 2024 1 63,075 4,422 67,498
At 30 May 2023 1 63,075 5,527 68,603

LUGIS LIMITED (REGISTERED NUMBER: 08086583)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 56,187 855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,153 61,816
Tax - 1,231
Other creditors 99,747 23,354
Directors' current accounts 36,299 40,514
Accrued expenses 5,359 5,359
188,558 132,274

8. ULTIMATE CONTROLLING PARTY

The company is under the direct control of Mr A Thrasyvoulou, Mr B J Singh & Mr M A Tzirki, company directors.