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REGISTERED NUMBER: 12410828 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2025

for

LUNIQ Limited

LUNIQ Limited (Registered number: 12410828)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUNIQ Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: R Chauhan
W C Vargo





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 12410828 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

LUNIQ Limited (Registered number: 12410828)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 306 -
Tangible assets 5 5,313 6,970
5,619 6,970

CURRENT ASSETS
Debtors 6 190,361 340,876
Cash at bank 323,266 162,589
513,627 503,465
CREDITORS
Amounts falling due within one year 7 (246,370 ) (287,716 )
NET CURRENT ASSETS 267,257 215,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,876

222,719

CREDITORS
Amounts falling due after more than one
year

8

(28,205

)

(23,097

)

PROVISIONS FOR LIABILITIES (1,328 ) -
NET ASSETS 243,343 199,622

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 243,342 199,621
243,343 199,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

LUNIQ Limited (Registered number: 12410828)

Balance Sheet - continued
31 January 2025


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 24 July 2025 and were signed on its behalf by:





W C Vargo - Director


LUNIQ Limited (Registered number: 12410828)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

LUNIQ 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The previous financial statements were prepared in accordance with FRS 105; the date of transition to FRS 102 Section 1A is 1 February 2023.

The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes in accounting policies to those used previously.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the value of services, provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 50% on cost
Computer equipment - 33.33% on cost

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 statement of financial position date.


LUNIQ Limited (Registered number: 12410828)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 340
At 31 January 2025 340
AMORTISATION
Amortisation for year 34
At 31 January 2025 34
NET BOOK VALUE
At 31 January 2025 306

LUNIQ Limited (Registered number: 12410828)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2024 2,588 12,424 15,012
Additions 2,650 1,864 4,514
At 31 January 2025 5,238 14,288 19,526
DEPRECIATION
At 1 February 2024 2,234 5,808 8,042
Charge for year 1,679 4,492 6,171
At 31 January 2025 3,913 10,300 14,213
NET BOOK VALUE
At 31 January 2025 1,325 3,988 5,313
At 31 January 2024 354 6,616 6,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 162,435 157,644
Other debtors - 7,479
Directors' current accounts - 1,332
Prepayments and accrued income 27,926 174,421
190,361 340,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 14,675 14,675
Trade creditors 29,639 337
Tax 51,429 39,267
VAT 74,677 41,688
Other creditors 10,045 1,381
Directors' current accounts 449 -
Accruals and deferred income 65,456 190,368
246,370 287,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 14,675 14,675
Bank loans - 2-5 years 13,530 8,422
28,205 23,097

LUNIQ Limited (Registered number: 12410828)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 6,663 -
Between one and five years 7,218 -
13,881 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
W C Vargo
Balance outstanding at start of year 1,332 22,159
Amounts advanced - 1,332
Amounts repaid (1,781 ) (22,159 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (449 ) 1,332

The above loan is unsecured, interest free and repayable on demand.