Company Registration No. 08686585 (England and Wales)
LUXAURA CONSULTING LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2018
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
LUXAURA CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LUXAURA CONSULTING LIMITED
Company Registration No. 08686585
BALANCE SHEET
AS AT 30 SEPTEMBER 2018
30 September 2018
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,534
3,067
Current assets
Debtors
4
2,906
-
Cash at bank and in hand
153,122
124,306
156,028
124,306
Creditors: amounts falling due within one year
5
(110,889)
(99,693)
Net current assets
45,139
24,613
Total assets less current liabilities
46,673
27,680
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
46,573
27,580
Total equity
46,673
27,680
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 June 2019
S Kyle
Director
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LUXAURA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018
1
Accounting policies
Company information
Luxaura Consulting Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
31 Ashley Road, Walton on Thames, Surrrey, KT12 1JB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention
.
The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover comprises revenue recognised by the company in respect of consultancy services supplied
during the year, exclusive of Value Added Tax and trade discounts.
Income is recognised in the year in which the services were supplied.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Office equipment
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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LUXAURA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2018
1
Accounting policies
(Continued)
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2017 - 1
).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2017 and 30 September 2018
7,623
Depreciation and impairment
At 1 October 2017
4,556
Depreciation charged in the year
1,533
At 30 September 2018
6,089
Carrying amount
At 30 September 2018
1,534
At 30 September 2017
3,067
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
2,906
-
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LUXAURA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2018
5
Creditors: amounts falling due within one year
2018
2017
£
£
Taxation and social security
14,148
8,969
Other creditors
96,741
90,724
110,889
99,693
6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
7
Related party transactions
At the balance sheet date the company owed the director £93,853
(201
7 - £87,976
). This loan is
interest
free and repayable on demand.
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