1 December 2023 false Taxfiler 2024.6 13665780business:PrivateLimitedCompanyLtd2023-12-012024-10-31 136657802023-11-30 136657802023-12-012024-10-31 13665780business:AuditExempt-NoAccountantsReport2023-12-012024-10-31 13665780business:FilletedAccounts2023-12-012024-10-31 136657802024-10-31 13665780business:Director12023-12-012024-10-31 13665780business:RegisteredOffice2023-12-012024-10-31 136657802023-11-30 13665780core:WithinOneYear2024-10-31 13665780core:WithinOneYear2023-11-30 13665780core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 13665780core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 13665780core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 13665780core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13665780core:PreviouslyStatedAmount2024-10-31 13665780core:PreviouslyStatedAmount2023-11-30 13665780business:SmallEntities2023-12-012024-10-31 13665780countries:EnglandWales2023-12-012024-10-31 13665780core:FurnitureFittings2023-12-012024-10-31 13665780core:ComputerEquipment2023-12-012024-10-31 13665780core:Goodwill2023-11-30 13665780core:Goodwill2024-10-31 13665780core:Goodwill2023-12-012024-10-31 13665780core:FurnitureFittings2023-11-30 13665780core:FurnitureFittings2024-10-31 136657802022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 13665780 (England and Wales)
Luxury Items Limited Unaudited accounts for the period from 1 December 2023 to 31 October 2024
Luxury Items Limited Unaudited accounts Contents
Page
- 2 -
Luxury Items Limited Company Information for the period from 1 December 2023 to 31 October 2024
Director
Salma Mahmood
Company Number
13665780 (England and Wales)
Registered Office
Regus 3000 Aviator Way Manchester Lancashire M22 5TG England
- 3 -
Luxury Items Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,000 
12,000 
Tangible assets
30,051 
40,067 
39,051 
52,067 
Current assets
Inventories
259,309 
7,120 
Cash at bank and in hand
40,118 
156,733 
299,427 
163,853 
Creditors: amounts falling due within one year
(179,662)
(93,848)
Net current assets
119,765 
70,005 
Net assets
158,816 
122,072 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
158,716 
121,972 
Shareholders' funds
158,816 
122,072 
For the period ending 31 October 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 director acknowledges her 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 and authorised for issue on 7 March 2024 and were signed on its behalf by
Salma Mahmood Director Company Registration No. 13665780
- 4 -
Luxury Items Limited Notes to the Accounts for the period from 1 December 2023 to 31 October 2024
1
Statutory information
Luxury Items Limited is a private company, limited by shares, registered in England and Wales, registration number 13665780. The registered office is Regus, 3000 Aviator Way, Manchester, Lancashire, M22 5TG, England.
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 period, 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.
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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is at 20% straight line
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
15,000 
At 31 October 2024
15,000 
Amortisation
At 1 December 2023
3,000 
Charge for the period
3,000 
At 31 October 2024
6,000 
Net book value
At 31 October 2024
9,000 
At 30 November 2023
12,000 
- 5 -
Luxury Items Limited Notes to the Accounts for the period from 1 December 2023 to 31 October 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2023
50,083 
At 31 October 2024
50,083 
Depreciation
At 1 December 2023
10,016 
Charge for the period
10,016 
At 31 October 2024
20,032 
Net book value
At 31 October 2024
30,051 
At 30 November 2023
40,067 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,321 
12,917 
Taxes and social security
22,280 
14,771 
Loans from directors
150,973 
64,810 
Accruals
88 
1,350 
179,662 
93,848 
7
Average number of employees
During the period the average number of employees was 3 (2023: 3).
- 6 -