Registered number
12183421
Lucky FVG Group Ltd
Unaudited Filleted Accounts
30 April 2024
Lucky FVG Group Ltd
Registered number: 12183421
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 128,938 137,923
Investments 4 1,000 1,000
129,938 138,923
Current assets
Stocks 4,031 4,031
Cash at bank and in hand 36,123 19,817
40,154 23,848
Creditors: amounts falling due within one year 5 (185,218) (191,382)
Net current liabilities (145,064) (167,534)
Net liabilities (15,126) (28,611)
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (65,126) (78,611)
Shareholder's funds (15,126) (28,611)
The director is 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 director acknowledges his 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 and delivered 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.
S Darbari
Director
Approved by the board on 29 April 2025
Lucky FVG Group Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Leasehold land and buildings over the lease term
Fixtures, fittings & equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice 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 (which is usually the invoice 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Short Leasehold Fixtures, fittings & equipment Total
£ £ £
Cost
At 1 May 2023 155,000 10,955 165,955
At 30 April 2024 155,000 10,955 165,955
Depreciation
At 1 May 2023 23,250 4,782 28,032
Charge for the year 7,750 1,235 8,985
At 30 April 2024 31,000 6,017 37,017
Net book value
At 30 April 2024 124,000 4,938 128,938
At 30 April 2023 131,750 6,173 137,923
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2023 1,000
At 30 April 2024 1,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (1,845) 1,101
Other creditors 187,063 190,281
185,218 191,382
6 Controlling party
The controlling party is S Darbari.
7 Other information
Lucky FVG Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rosedean House
4 Argyle Road
Barnet
EN5 4DX
Lucky FVG Group Ltd 12183421 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 S Darbari No description of principal activity 12183421 2022-05-01 2023-04-30 12183421 core:WithinOneYear 2023-04-30 12183421 core:ShareCapital 2023-04-30 12183421 core:RetainedEarningsAccumulatedLosses 2023-04-30 12183421 2023-05-01 2024-04-30 12183421 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12183421 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12183421 bus:Director40 2023-05-01 2024-04-30 12183421 1 2023-05-01 2024-04-30 12183421 2 2023-05-01 2024-04-30 12183421 core:LandBuildings 2023-05-01 2024-04-30 12183421 core:PlantMachinery 2023-05-01 2024-04-30 12183421 countries:England 2023-05-01 2024-04-30 12183421 bus:FRS102 2023-05-01 2024-04-30 12183421 bus:FilletedAccounts 2023-05-01 2024-04-30 12183421 2024-04-30 12183421 core:WithinOneYear 2024-04-30 12183421 core:ShareCapital 2024-04-30 12183421 core:RetainedEarningsAccumulatedLosses 2024-04-30 12183421 core:LandBuildings 2024-04-30 12183421 core:PlantMachinery 2024-04-30 12183421 2023-04-30 12183421 core:LandBuildings 2023-04-30 12183421 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure