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REGISTERED NUMBER: 13724533 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Luxe Life Furniture Ltd

Luxe Life Furniture Ltd (Registered number: 13724533)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Luxe Life Furniture Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr H Alturk





REGISTERED OFFICE: 9 Suffolk Drive
Wilmslow
SK9 4DE





REGISTERED NUMBER: 13724533 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Luxe Life Furniture Ltd (Registered number: 13724533)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 56,089 68,181

CURRENT ASSETS
Stocks 70,000 35,000
Debtors 5 31,471 31,769
Cash at bank and in hand 43,071 17,016
144,542 83,785
CREDITORS
Amounts falling due within one year 6 (54,716 ) (65,883 )
NET CURRENT ASSETS 89,826 17,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,915

86,083

CREDITORS
Amounts falling due after more than one
year

7

(81,472

)

(78,546

)
NET ASSETS 64,443 7,537

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,343 7,437
64,443 7,537

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

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

The director acknowledges his 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.

Luxe Life Furniture Ltd (Registered number: 13724533)

Balance Sheet - continued
30 November 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 director and authorised for issue on 28 August 2025 and were signed by:





Mr H Alturk - Director


Luxe Life Furniture Ltd (Registered number: 13724533)

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

1. STATUTORY INFORMATION

Luxe Life Furniture 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2023 - 3 ) .

Luxe Life Furniture Ltd (Registered number: 13724533)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 29,079 56,989 86,068
Additions - 2,767 2,767
At 30 November 2024 29,079 59,756 88,835
DEPRECIATION
At 1 December 2023 4,683 13,204 17,887
Charge for year 2,908 11,951 14,859
At 30 November 2024 7,591 25,155 32,746
NET BOOK VALUE
At 30 November 2024 21,488 34,601 56,089
At 30 November 2023 24,396 43,785 68,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,833 25,000
Prepayments 5,638 6,769
31,471 31,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,695 4,084
Trade creditors 2,393 49,952
Tax 12,620 -
Social security and other taxes 94 -
Net wages 4,666 659
VAT 28,207 9,790
Other creditors 759 1,398
Accruals and deferred income 1,282 -
54,716 65,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,305 -
Bank loans - 2-5 years 8,913 18,992
Directors' loan accounts 67,254 59,554
81,472 78,546

Luxe Life Furniture Ltd (Registered number: 13724533)

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

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 30th November 2024 of £355,390 (2023: £413,859).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr H Alturk
Balance outstanding at start of year 59,554 59,554
Amounts advanced 7,700 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,254 59,554

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Luxe Life Furniture Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Luxe Life Furniture Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Luxe Life Furniture Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Luxe Life Furniture Ltd and state those matters that we have agreed to state to the director of Luxe Life Furniture Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Luxe Life Furniture Ltd and its director for our work or for this report.

It is your duty to ensure that Luxe Life Furniture Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Luxe Life Furniture Ltd. You consider that Luxe Life Furniture Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Luxe Life Furniture Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................