Registration number: 07880049

Luxe Corporation Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 11

Luxe Corporation Ltd

Company Information

Director

N Jodlowski

Registered office

153a Queens Road Buckhurst Hill Essex IG9 5AZ

Accountants

Landmark Accountants Limited Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Luxe Corporation Ltd

(Registration number: 07880049)
Balance Sheet as at 31 December 2025

	Note	2025		(As restated) 2024
		£	£	£	£
Fixed assets
Intangible assets	4		21,972		25,446
Tangible assets	5		84,280		137,170
			106,252		162,616
Current assets
Stocks		1,015,000		675,000
Debtors	6	179,233		733,010
Cash at bank and in hand		129,684		153,064
		1,323,917		1,561,074
Creditors: Amounts falling due within one year	7	(617,580)		(865,023)
Net current assets			706,337		696,051
Total assets less current liabilities			812,589		858,667
Creditors: Amounts falling due after more than one year	7		(8,333)		(57,352)
Provisions for liabilities			(20,459)		(30,585)
Net assets			783,797		770,730
Capital and reserves
Called up share capital		150		150
Profit and loss account		783,647		770,580
Total equity			783,797		770,730

For the financial year ending 31 December 2025 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 year 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 special 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.

Luxe Corporation Ltd

(Registration number: 07880049)
Balance Sheet as at 31 December 2025

Approved and authorised by the director on 13 October 2026
 

......................................... N Jodlowski Director

Luxe Corporation Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
153a Queens Road
Buckhurst Hill
Essex
IG9 5AZ

2	Accounting policies

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.

The presentational currency of these accounts is £ Sterling and the level of rounding is to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Luxe Corporation Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Prior period errors

Understated corporation tax provision.

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Taxation	-	(41,500)	-
Creditors	-	41,500	-
Profit and loss account	-	(41,500)	-

Lease costs for private use.

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Administrative expenses	-	20,685	19,083
Debtors	-	21,189	20,588
Creditors	-	503	1,505
Profit and loss account	-	20,685	19,083

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Government grants

Government grants are recognised when there is reasonable assurance that the grant will be received and the entity will comply with the conditions attached to them, and are recognised based on the accrual model.

Page 5

Luxe Corporation Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

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 charge 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Plant and Machinery	20% straight line method
Short Leasehold Land and Buildings	Over the length of the lease
Fixtures and Fittings	20% straight line method
Motor Vehicles	20% straight line method

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software Development	10% straight line method

Luxe Corporation Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Luxe Corporation Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 10).

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2025	34,740	34,740
At 31 December 2025	34,740	34,740
Amortisation
At 1 January 2025	9,294	9,294
Amortisation charge	3,474	3,474
At 31 December 2025	12,768	12,768
Carrying amount
At 31 December 2025	21,972	21,972
At 31 December 2024	25,446	25,446

Luxe Corporation Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	149,567	77,566	129,067	15,150	371,350
Additions	-	3,170	2,858	-	6,028
Disposals	-	-	-	(15,150)	(15,150)
At 31 December 2025	149,567	80,736	131,925	-	362,228
Depreciation
At 1 January 2025	74,544	56,086	99,762	3,788	234,180
Charge for the year	19,295	13,340	14,921	3,030	50,586
Eliminated on disposal	-	-	-	(6,818)	(6,818)
At 31 December 2025	93,839	69,426	114,683	-	277,948
Carrying amount
At 31 December 2025	55,728	11,310	17,242	-	84,280
At 31 December 2024	75,023	21,480	29,305	11,362	137,170

Restriction on title and pledged as security
Tangible fixed assets with a carrying amount of £84,280 (2024 - £137,170) have been pledged as security for the company's bank borrowings.

6

Debtors

	2025 £	(As restated) 2024 £
Prepayments	2,422	2,129
Other debtors	176,811	730,881
	179,233	733,010

Luxe Corporation Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

7

Creditors

	Note	2025 £	(As restated) 2024 £
Due within one year
Loans and borrowings	8	44,851	89,089
Trade creditors		28,615	14,610
Taxation and social security		209,873	241,154
Other creditors		334,241	520,170
		617,580	865,023