1 November 2024 false No description of principal activity Taxfiler 2024.6 12285519 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 12285519 2024-10-31 12285519 2024-11-01 2025-10-31 12285519 business:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 12285519 business:FilletedAccounts 2024-11-01 2025-10-31 12285519 2025-10-31 12285519 business:Director1 2024-11-01 2025-10-31 12285519 business:Director2 2024-11-01 2025-10-31 12285519 business:RegisteredOffice 2024-11-01 2025-10-31 12285519 2024-10-31 12285519 core:WithinOneYear 2025-10-31 12285519 core:WithinOneYear 2024-10-31 12285519 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 12285519 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 12285519 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 12285519 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 12285519 core:PreviouslyStatedAmount 2025-10-31 12285519 core:PreviouslyStatedAmount 2024-10-31 12285519 business:SmallEntities 2024-11-01 2025-10-31 12285519 countries:EnglandWales 2024-11-01 2025-10-31 12285519 core:FurnitureFittings 2024-11-01 2025-10-31 12285519 core:ComputerEquipment 2024-11-01 2025-10-31 12285519 core:MotorVehicles 2024-10-31 12285519 core:FurnitureFittings 2024-10-31 12285519 core:ComputerEquipment 2024-10-31 12285519 core:MotorVehicles 2025-10-31 12285519 core:FurnitureFittings 2025-10-31 12285519 core:ComputerEquipment 2025-10-31 12285519 core:MotorVehicles 2024-11-01 2025-10-31 12285519 core:AfterOneYear 2025-10-31 12285519 core:AfterOneYear 2024-10-31 12285519 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12285519 (England and Wales)
LUX FASHION SOURCE LTD Unaudited accounts for the year ended 31 October 2025
LUX FASHION SOURCE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LUX FASHION SOURCE LTD Company Information for the year ended 31 October 2025
Directors
Amman Gull Amy Kaur Narwain
Company Number
12285519 (England and Wales)
Registered Office
A6 Moorfield Road Wolverhampton WV2 4QT ENGLAND
Accountants
William Klien Accountants 20-22 Wenlock Road London N1 7GU
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LUX FASHION SOURCE LTD Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
31,021
34,468
Current assets
Inventories
41,866
40,835
Debtors
5
25,004
28,545
Cash at bank and in hand
1,162
1,396
68,032
70,776
Creditors: amounts falling due within one year
6
(68,228)
(77,395)
Net current liabilities
(196)
(6,619)
Net assets
30,825
27,849
Capital and reserves
Called up share capital
200
200
Profit and loss account
30,625
27,649
Shareholders' funds
30,825
27,849
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by
Amman Gull Director Company Registration No. 12285519
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LUX FASHION SOURCE LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
LUX FASHION SOURCE LTD is a private company, limited by shares, registered in England and Wales, registration number 12285519. The registered office is A6 Moorfield Road, Wolverhampton, WV2 4QT, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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.
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:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Inventories
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.
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LUX FASHION SOURCE LTD Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
20,000
16,784
8,567
45,351
At 31 October 2025
20,000
16,784
8,567
45,351
Depreciation
At 1 November 2024
4,250
4,002
2,631
10,883
Charge for the year
1,575
1,278
594
3,447
At 31 October 2025
5,825
5,280
3,225
14,330
Net book value
At 31 October 2025
14,175
11,504
5,342
31,021
At 31 October 2024
15,750
12,782
5,936
34,468
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
25,004
28,545
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,447
6,418
Other creditors
64,155
67,000
Loans from directors
1,626
3,977
68,228
77,395
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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