Company Registration No. 05284825 (England and Wales)
Luxural Limited
Unaudited filleted accounts
for the year ended 28 February 2025
Luxural Limited
Unaudited filleted accounts
Contents
Luxural Limited
Company Information
for the year ended 28 February 2025
Company Number
05284825 (England and Wales)
Registered Office
Churchill House
137-139 Brent Stree
London
NW4 4DJ
Accountants
1g Accountants
Churchill House
137-139 Brent Street
London
NW4 4DJ
Luxural Limited
Statement of financial position
as at 28 February 2025
Tangible assets
428,009
466,783
Inventories
297,682
370,920
Cash at bank and in hand
20,303
27,858
Creditors: amounts falling due within one year
(162,998)
(169,279)
Net current assets
294,187
343,804
Total assets less current liabilities
722,196
810,587
Creditors: amounts falling due after more than one year
(263,356)
(317,344)
Net assets
458,840
493,243
Called up share capital
1,000
1,000
Profit and loss account
457,840
492,243
Shareholders' funds
458,840
493,243
For the year ending 28 February 2025 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 his 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 10 December 2025 and were signed on its behalf by
Daran Salimian
Director
Company Registration No. 05284825
Luxural Limited
Notes to the Accounts
for the year ended 28 February 2025
Luxural Limited is a private company, limited by shares, registered in England and Wales, registration number 05284825. The registered office is Churchill House, 137-139 Brent Stree, London, NW4 4DJ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Land & buildings
8% reducing balance
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The tax expense in the period comprises current and deferred tax.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Luxural Limited
Notes to the Accounts
for the year ended 28 February 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
378,277
425,144
241,095
61,502
1,106,018
Additions
-
26,481
-
2,670
29,151
Disposals
-
(374)
-
-
(374)
At 28 February 2025
378,277
451,251
241,095
64,172
1,134,795
At 1 March 2024
108,305
294,436
176,550
59,944
639,235
Charge for the year
21,601
31,377
12,909
1,739
67,626
On disposals
-
(75)
-
-
(75)
At 28 February 2025
129,906
325,738
189,459
61,683
706,786
At 28 February 2025
248,371
125,513
51,636
2,489
428,009
At 29 February 2024
269,972
130,708
64,545
1,558
466,783
Finished goods
297,682
370,920
Amounts falling due within one year
Trade debtors
21,200
7,672
Deferred tax asset
87,500
87,500
Accrued income and prepayments
21,329
9,962
Luxural Limited
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
35,661
33,333
Trade creditors
37,155
40,178
Taxes and social security
1,668
2,874
Other creditors
4,408
9,583
Loans from directors
1,383
1,383
Deferred income
46,310
25,470
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
215,233
231,233
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Average number of employees
During the year the average number of employees was 6 (2024: 6).