Company Registration No. 8011856 (England and Wales)
Luxury Living Retail Limited
Unaudited accounts
for the year ended 31 July 2025
Luxury Living Retail Limited
Unaudited accounts
Contents
Luxury Living Retail Limited
Statement of financial position
as at 31 July 2025
Tangible assets
13,597
36,210
Inventories
238,110
242,580
Cash at bank and in hand
41,772
74,350
Creditors: amounts falling due within one year
(457,878)
(493,769)
Net current assets
143,358
144,515
Net assets
156,955
180,725
Called up share capital
100
100
Profit and loss account
156,855
180,625
Shareholders' funds
156,955
180,725
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 21 April 2026 and were signed on its behalf by
P Chumber
Director
Company Registration No. 8011856
Luxury Living Retail Limited
Notes to the Accounts
for the year ended 31 July 2025
Luxury Living Retail Limited is a private company, limited by shares, registered in England and Wales, registration number 8011856. The registered office is 49 Mountford Lane, Bilston, West Midlands, WV14 6PY.
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.
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:
Motor vehicles
25 % on the reducing balance
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Luxury Living Retail Limited
Notes to the Accounts
for the year ended 31 July 2025
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
-
176
-
176
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Average number of employees
During the year the average number of employees was 4 (2024: 12).