Luux Design & Sourcing Limited 07907033 false 2025-02-01 2026-07-31 2026-07-31 The principal activity of the company is providing a wide range of consultancy services to the fashion industry. Digita Accounts Production Advanced 6.30.9574.0 true true 07907033 2025-02-01 2026-07-31 07907033 2026-07-31 07907033 core:CurrentFinancialInstruments 2026-07-31 07907033 core:CurrentFinancialInstruments core:WithinOneYear 2026-07-31 07907033 bus:SmallEntities 2025-02-01 2026-07-31 07907033 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-07-31 07907033 bus:FilletedAccounts 2025-02-01 2026-07-31 07907033 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-07-31 07907033 bus:RegisteredOffice 2025-02-01 2026-07-31 07907033 bus:Director1 2025-02-01 2026-07-31 07907033 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-07-31 07907033 core:OfficeEquipment 2025-02-01 2026-07-31 07907033 core:OtherRelatedParties 2025-02-01 2026-07-31 07907033 countries:England 2025-02-01 2026-07-31 07907033 2024-02-01 2025-01-31 07907033 2025-01-31 07907033 core:CurrentFinancialInstruments 2025-01-31 07907033 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 iso4217:GBP xbrli:pure

Registration number: 07907033

Luux Design & Sourcing Limited
Unaudited Filleted Financial Statements
for the Period from 1 February 2025 to 31 July 2026

Luux Design & Sourcing Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Luux Design & Sourcing Limited

(Registration number: 07907033)
Balance Sheet as at 31 July 2026

| Note | 2026 £ | 2025 £
Current assets |  |  |
Debtors | 4 | - | 43
Cash at bank and in hand |  | 25,600 | 1,463
|  | 25,600 | 1,506
Creditors: Amounts falling due within one year | 5 | (25,556) | (33,110)
Net assets/(liabilities) |  | 44 | (31,604)
Capital and reserves |  |  |
Called up share capital | 6 | 1 | 1
Retained earnings |  | 43 | (31,605)
Shareholders' funds/(deficit) |  | 44 | (31,604)

For the financial period ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 August 2026

......................................... F R Caroli Director

Luux Design & Sourcing Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 July 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET

These financial statements were authorised for issue by the director on 7 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is reliant on the financial support of Fausto Raffaele Caroli, director and shareholder, who has committed to provide additional cash injections as required therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Luux Design & Sourcing Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 July 2026 (continued)

2 | Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Luux Design & Sourcing Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 July 2026 (continued)

2 | Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2025 - 1).

4 | Debtors

Current | 2026 £ | 2025 £
Prepayments | - | 43
| - | 43

5 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Taxation and social security | 863 | -
Accruals and deferred income | 1,430 | 1,847
Other creditors | 23,263 | 31,263
| 25,556 | 33,110

6 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary share of £1 each | 1 | 1 | 1 | 1

7 | Related party transactions

Luux Design & Sourcing Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 July 2026 (continued)

7 | Related party transactions (continued)

Included within other creditors are interest-free loans from the director amounting to £23,263 (2025: £31,263). The loans are unsecured and repayable on demand.