LA BANDERA LIMITED

LA BANDERA LIMITED - Company Information

2019-01-012019-12-312019-12-31false09700102LA BANDERA LIMITED2020-08-2056101iso4217:GBPxbrli:pure097001022019-01-01097001022019-12-31097001022019-01-012019-12-31097001022018-01-01097001022018-12-31097001022018-01-012018-12-3109700102bus:SmallEntities2019-01-012019-12-3109700102bus:AuditExempt-NoAccountantsReport2019-01-012019-12-3109700102bus:AbridgedAccounts2019-01-012019-12-3109700102bus:PrivateLimitedCompanyLtd2019-01-012019-12-3109700102core:WithinOneYear2019-12-3109700102core:AfterOneYear2019-12-3109700102core:WithinOneYear2018-12-3109700102core:AfterOneYear2018-12-3109700102core:ShareCapital2019-12-3109700102core:SharePremium2019-12-3109700102core:RevaluationReserve2019-12-3109700102core:OtherReservesSubtotal2019-12-3109700102core:RetainedEarningsAccumulatedLosses2019-12-3109700102core:ShareCapital2018-12-3109700102core:SharePremium2018-12-3109700102core:RevaluationReserve2018-12-3109700102core:OtherReservesSubtotal2018-12-3109700102core:RetainedEarningsAccumulatedLosses2018-12-3109700102core:LandBuildings2019-12-3109700102core:PlantMachinery2019-12-3109700102core:Vehicles2019-12-3109700102core:FurnitureFittings2019-12-3109700102core:OfficeEquipment2019-12-3109700102core:NetGoodwill2019-12-3109700102core:IntangibleAssetsOtherThanGoodwill2019-12-3109700102core:ListedExchangeTraded2019-12-3109700102core:UnlistedNon-exchangeTraded2019-12-3109700102core:LandBuildings2018-12-3109700102core:PlantMachinery2018-12-3109700102core:Vehicles2018-12-3109700102core:FurnitureFittings2018-12-3109700102core:OfficeEquipment2018-12-3109700102core:NetGoodwill2018-12-3109700102core:IntangibleAssetsOtherThanGoodwill2018-12-3109700102core:ListedExchangeTraded2018-12-3109700102core:UnlistedNon-exchangeTraded2018-12-3109700102core:LandBuildings2019-01-012019-12-3109700102core:PlantMachinery2019-01-012019-12-3109700102core:Vehicles2019-01-012019-12-3109700102core:FurnitureFittings2019-01-012019-12-3109700102core:OfficeEquipment2019-01-012019-12-3109700102core:NetGoodwill2019-01-012019-12-3109700102core:IntangibleAssetsOtherThanGoodwill2019-01-012019-12-3109700102core:ListedExchangeTraded2019-01-012019-12-3109700102core:UnlistedNon-exchangeTraded2019-01-012019-12-3109700102core:MoreThanFiveYears2019-01-012019-12-3109700102core:Non-currentFinancialInstruments2019-12-3109700102core:Non-currentFinancialInstruments2018-12-3109700102dpl:CostSales2019-01-012019-12-3109700102dpl:DistributionCosts2019-01-012019-12-3109700102dpl:AdministrativeExpenses2019-01-012019-12-3109700102core:LandBuildings2019-01-012019-12-3109700102core:PlantMachinery2019-01-012019-12-3109700102core:Vehicles2019-01-012019-12-3109700102core:FurnitureFittings2019-01-012019-12-3109700102core:OfficeEquipment2019-01-012019-12-3109700102dpl:GroupUndertakings2019-01-012019-12-3109700102dpl:ParticipatingInterests2019-01-012019-12-3109700102dpl:GroupUndertakingscore:ListedExchangeTraded2019-01-012019-12-3109700102core:ListedExchangeTraded2019-01-012019-12-3109700102dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-01-012019-12-3109700102core:UnlistedNon-exchangeTraded2019-01-012019-12-3109700102dpl:CostSales2018-01-012018-12-3109700102dpl:DistributionCosts2018-01-012018-12-3109700102dpl:AdministrativeExpenses2018-01-012018-12-3109700102core:LandBuildings2018-01-012018-12-3109700102core:PlantMachinery2018-01-012018-12-3109700102core:Vehicles2018-01-012018-12-3109700102core:FurnitureFittings2018-01-012018-12-3109700102core:OfficeEquipment2018-01-012018-12-3109700102dpl:GroupUndertakings2018-01-012018-12-3109700102dpl:ParticipatingInterests2018-01-012018-12-3109700102dpl:GroupUndertakingscore:ListedExchangeTraded2018-01-012018-12-3109700102core:ListedExchangeTraded2018-01-012018-12-3109700102dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2018-01-012018-12-3109700102core:UnlistedNon-exchangeTraded2018-01-012018-12-3109700102core:NetGoodwill2019-12-3109700102core:IntangibleAssetsOtherThanGoodwill2019-12-3109700102core:LandBuildings2019-12-3109700102core:PlantMachinery2019-12-3109700102core:Vehicles2019-12-3109700102core:FurnitureFittings2019-12-3109700102core:OfficeEquipment2019-12-3109700102core:AfterOneYear2019-12-3109700102core:WithinOneYear2019-12-3109700102core:ListedExchangeTraded2019-12-3109700102core:UnlistedNon-exchangeTraded2019-12-3109700102core:ShareCapital2019-12-3109700102core:SharePremium2019-12-3109700102core:RevaluationReserve2019-12-3109700102core:OtherReservesSubtotal2019-12-3109700102core:RetainedEarningsAccumulatedLosses2019-12-3109700102core:NetGoodwill2018-12-3109700102core:IntangibleAssetsOtherThanGoodwill2018-12-3109700102core:LandBuildings2018-12-3109700102core:PlantMachinery2018-12-3109700102core:Vehicles2018-12-3109700102core:FurnitureFittings2018-12-3109700102core:OfficeEquipment2018-12-3109700102core:AfterOneYear2018-12-3109700102core:WithinOneYear2018-12-3109700102core:ListedExchangeTraded2018-12-3109700102core:UnlistedNon-exchangeTraded2018-12-3109700102core:ShareCapital2018-12-3109700102core:SharePremium2018-12-3109700102core:RevaluationReserve2018-12-3109700102core:OtherReservesSubto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LA BANDERA LIMITED

Registered Number
09700102
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 December 2019

LA BANDERA LIMITED

Company Information


Registered Address	Preservation House
	Badger Street
	Bury
	BL9 6AD

LA BANDERA LIMITED

Balance Sheet as at
31 December 2019

	Notes	2019 £	2018 £
Fixed assets
Intangible assets	3	63,000	63,000
Tangible assets	4	30,803	29,573
Current assets
Debtors		68,301	48,134
Cash at bank and on hand		81,853	6,164
Creditors amounts falling due within one year		(91,970)	(55,338)
Net current assets (liabilities)		58,184	(1,040)
Total assets less current liabilities		151,987	91,533
Creditors amounts falling due after one year		(137,180)	(87,674)
Net assets		14,807	3,859
Capital and reserves
Called up share capital		100	100
Profit and loss account		14,707	3,759
Shareholders' funds		14,807	3,859

The company is a private company limited by shares and registered in England and Wales. It 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 20 August 2020, and are signed on its behalf by:

DADASHNEJAD KESHAVARZI, Yashin
Director
Registered Company No. 09700102

LA BANDERA LIMITED

Notes to the financial statements
for the year ended 31 December 2019

1.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

		Reducing balance (%)
	Plant and machinery	5
	Fixtures and fittings	25

	Intangible assets policy
	Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over its useful life

Intangible assets policy

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over its useful life

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

2.	EMPLOYEE INFORMATION

		2019		2018
	Average number of employees during the year	26		23

3.	INTANGIBLE ASSETS

		Total £
	Cost or valuation
	At 01 January 19	63,000
	At 31 December 19	63,000
	Net book value
	At 31 December 19	63,000
	At 31 December 18	63,000

4.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 January 19	32,534
	Additions	2,075
	At 31 December 19	34,609
	Depreciation and impairment
	At 01 January 19	2,961
	Charge for year	845
	At 31 December 19	3,806
	Net book value
	At 31 December 19	30,803
	At 31 December 18	29,573