Company Registration No. 08794008 (England and Wales)
Lux Auto Lease Limited
Unaudited accounts
for the year ended 31 December 2016
Lux Auto Lease Limited
Unaudited accounts
Contents
Lux Auto Lease Limited
Company Information
for the year ended 31 December 2016
Director
Steven Dennis Green
Company Number
08794008 (England and Wales)
Registered Office
88 WOOD STREET
LONDON
EC2V 7RS
Accountants
SelbyJones Ltd
Welbeck House
69 Loughborough Road
West Bridgford
Nottinghamshire
NG2 7LA
Lux Auto Lease Limited
Statement of financial position
as at 31 December 2016
Cash at bank and in hand
456
284
Creditors: amounts falling due within one year
(3,059)
(2,015)
Net current liabilities
(2,451)
(1,701)
Net liabilities
(2,451)
(1,701)
Called up share capital
1
1
Profit and loss account
(2,452)
(1,702)
Shareholders' funds
(2,451)
(1,701)
For the year ending 31 December 2016 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.
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.
Approved by the Board on 30 August 2017.
Steven Dennis Green
Director
Company Registration No. 08794008
Lux Auto Lease Limited
Notes to the Accounts
for the year ended 31 December 2016
Lux Auto Lease Limited is a private company, limited by shares, registered in England and Wales, registration number 08794008. The registered office and principal place of business is 88 WOOD STREET, LONDON, EC2V 7RS.
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.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2014.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Accrued income and prepayments
130
-
5
Creditors: amounts falling due within one year
2016
2015
Other creditors
3,059
2,015
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Lux Auto Lease Limited
Notes to the Accounts
for the year ended 31 December 2016
7
Transactions with related parties
During the year the company owed £2,720 to Lux Automotive Sourcing Limited. It is repayable in full on demand. This balance is included within other creditors.
During the period the company made sales totaling £620,743 to Lux Automotive Sourcing Limited.
The director is also a director and shareholder in Lux Automotive Sourcing Limited.
The company is controlled by Steven Dennis Green.
9
Average number of employees
During the year the average number of employees was 0 (2015: 0).
