Luxury Fibres Limited in West Yorkshire, BD4 7DF

Description

Data updated on: 01-11-2023

Luxury Fibres Limited has existed in this business for seventeen years. Registered under the number 06443553 in the year 2007, the firm have office at Ladywell Mills, Hall Lane, West Yorkshire BD4 7DF. This company has operated under three previous names. The very first official name, Joseph Horsfall, was switched on Fri, 25th May 2012 to Luxury Fibres And Yarns. The current name, used since 2015, is Luxury Fibres Limited. This firm's Standard Industrial Classification Code is 82990 and their NACE code stands for Other business support service activities not elsewhere classified. The latest accounts were submitted for the period up to 2022-12-31 and the latest confirmation statement was submitted on 2022-12-03.

As stated, the company was started in December 2007 and has so far been guided by seven directors, and out of them two (Jeremy S. and Andrew S.) are still in the management.

Previous company's names
Luxury Fibres Limited 2015-06-25
Luxury Fibres And Yarns Limited 2012-05-25
Joseph Horsfall Limited 2007-12-03

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	559 094	154 744	6 898
Current Assets	11 678 915	13 283 589	13 037 735
Debtors	1 801 979	3 875 203	3 235 296
Other Debtors	1 329	15 307
Total Inventories	9 317 842	9 253 642	9 795 541

Other Financial Data
Audit Fees Expenses	8 400	9 853	8 993
Accrued Liabilities Deferred Income	3 028	20 737	43 580
Administrative Expenses	1 534 755	1 088 876	1 237 770
Amounts Owed By Group Undertakings	175 071	731 417	432 369
Amounts Owed To Group Undertakings	6 882 364	7 221 473	484 698
Average Number Employees During Period	23	19	22
Bank Borrowings Overdrafts			164 651
Bank Overdrafts			164 651
Corporation Tax Payable		384 262	50 056
Cost Sales	7 591 780	16 411 532	17 811 289
Creditors	12 313 877	12 377 720	7 215 143
Current Tax For Period		384 262	11 620
Deferred Tax Asset Debtors	97 600
Distribution Costs	407 861	1 045 522	762 710
Dividends Paid			1 200 000
Dividends Paid On Shares Interim			1 200 000
Further Item Deferred Expense Credit Component Total Deferred Tax Expense	-97 600	97 600
Further Item Interest Expense Component Total Interest Expense	571 788	656 389	725 290
Further Item Tax Increase Decrease Component Adjusting Items	-97 600	97 600
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-292 890	148 712	63 250
Government Grant Income	123 689	22 335
Gross Profit Loss	1 911 747	4 791 145	3 336 244
Impairment Loss Reversal On Investments			-5 340 553
Increase Decrease In Current Tax From Adjustment For Prior Periods	-63 946		-177 316
Interest Payable Similar Charges Finance Costs	571 788	656 389	725 290
Net Current Assets Liabilities	-634 962	905 869	5 822 592
Operating Profit Loss	92 820	2 679 082	1 335 764
Other Creditors	4 586 191	3 573 428	5 249 120
Other Operating Income Format1	123 689	22 335
Other Taxation Social Security Payable	13 961	19 228	22 609
Pension Other Post-employment Benefit Costs Other Pension Costs	15 301	18 158	18 387
Prepayments Accrued Income	51 999	56 474	86 734
Profit Loss	-317 422	1 540 831	6 116 723
Profit Loss On Ordinary Activities Before Tax	-478 968	2 022 693	5 951 027
Raw Materials Consumables	9 317 842	9 253 642	9 795 541
Social Security Costs	55 951	87 144	97 787
Staff Costs Employee Benefits Expense	778 948	1 004 743	1 044 039
Tax Decrease Increase From Effect Revenue Exempt From Taxation	339	50	1 014 797
Tax Expense Credit Applicable Tax Rate	-91 004	384 312	1 130 695
Tax Increase Decrease Arising From Group Relief Tax Reconciliation			-104 278
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward	91 343
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-161 546	481 862	-165 696
Total Borrowings			164 651
Total Current Tax Expense Credit	-63 946	384 262	-165 696
Total Operating Lease Payments	208 440	140 958	135 118
Trade Creditors Trade Payables	828 333	1 158 592	1 200 429
Trade Debtors Trade Receivables	1 475 980	3 072 005	2 716 193
Turnover Revenue	9 503 527	21 202 677	21 147 533
Wages Salaries	707 696	899 441	927 865