La Lucca Spanish Cleaning Products Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12403768 (England and Wales)

Financial Statements for the Year Ended 31 January 2023

for

La Lucca Spanish Cleaning Products Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Riley

Mrs V E Riley

REGISTERED OFFICE:

89 Church Road

Bickerstaff

Ormskirk

Lancashire

L39 0EB

REGISTERED NUMBER:

12403768 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

15,054

10,700

CURRENT ASSETS

Stocks

74,968

49,525

Debtors

5

71,307

14,200

Cash at bank

19,322

30,491

165,597

94,216

CREDITORS

Amounts falling due within one year

6

106,523

73,374

NET CURRENT ASSETS

59,074

20,842

TOTAL ASSETS LESS CURRENT LIABILITIES

74,128

31,542

CREDITORS

Amounts falling due after more than one year

7

(9,042

)

-

PROVISIONS FOR LIABILITIES

(3,764

)

(2,033

)

NET ASSETS

61,322

29,509

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

61,320

29,507

61,322

29,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:

D Riley - Director

1.	STATUTORY INFORMATION

La Lucca Spanish Cleaning Products Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at fair value of the consideration received or receivable from the supply of cleaning products, excluding discounts, rebates, valued added tax and other sales taxes. Revenue is recognised when the ownership of the products are passed to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

17,239

Additions

11,300

At 31 January 2023

28,539

DEPRECIATION

At 1 February 2022

6,539

Charge for year

6,946

At 31 January 2023

13,485

NET BOOK VALUE

At 31 January 2023

15,054

At 31 January 2022

10,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

20,734

14,200

Amounts owed by associates

50,323

-

Other debtors

250

-

71,307

14,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts

34,764

-

Trade creditors

34,756

32,225

Taxation and social security

23,852

15,759

Other creditors

13,151

25,390

106,523

73,374

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

9,042

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.23

31.1.22

£

£

Within one year

7,930

1,855,492

Between one and five years

28,751

3,668,114

36,681

5,523,606

9.	RELATED PARTY DISCLOSURES

Included in other debtors at 31st January 2023 is £50,323 owed from related parties. The loans are interest free and repayable on demand.