| Luggage Direct Ltd |
| Registered number: |
11551666 |
| Balance Sheet |
| as at 30 September 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
1,305 |
|
|
- |
| Debtors |
3 |
|
8,570 |
|
|
1,000 |
| Cash at bank and in hand |
|
|
2,008 |
|
|
1,795 |
|
|
|
11,883 |
|
|
2,795 |
|
| Creditors: amounts falling due within one year |
4 |
|
(10,873) |
|
|
(2,844) |
|
| Net current assets/(liabilities) |
|
|
|
1,010 |
|
|
(49) |
|
| Net assets/(liabilities) |
|
|
|
1,010 |
|
|
(49) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
1,009 |
|
|
(50) |
|
| Shareholders' funds |
|
|
|
1,010 |
|
|
(49) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| B Binet |
| Director |
| Approved by the board on 25 June 2023 |
|
| Luggage Direct Ltd |
| Notes to the Accounts |
| for the year ended 30 September 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Other debtors |
8,570 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Taxation and social security costs |
237 |
|
- |
|
Other creditors |
10,636 |
|
2,844 |
|
|
|
|
|
|
10,873 |
|
2,844 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Luggage Direct Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
100 Valkyrie Road |
|
Westcliff-On-Sea |
|
England |
|
SS0 8AP |
|
| 6 |
Related party disclosure |
|
Included within other debtors is an amount of £5,070 (2021: £1,000) due from Delvedale Ltd, a company in which B Binet has a material interest. |
|
Also included within other creditors is an amount of £10,386 (2021: £2,844) due to B Binet, being the director of the company. |
|
There are no terms as to interest or repayment in respect of the above balances. |
