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REGISTERED NUMBER: 12422603 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

LOS BANDITOS LICHFIELD LTD

LOS BANDITOS LICHFIELD LTD (REGISTERED NUMBER: 12422603)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOS BANDITOS LICHFIELD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr R Hawkesford





REGISTERED OFFICE: 1-3 City Arcade
Bore Street
Lichfield
Staffordshire
WS13 6LZ





REGISTERED NUMBER: 12422603 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

LOS BANDITOS LICHFIELD LTD (REGISTERED NUMBER: 12422603)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 37,838 37,555

Current assets
Stocks 6,000 6,000
Debtors 5 164,613 105,743
Cash at bank and in hand 501 2,804
171,114 114,547
Creditors
Amounts falling due within one year 6 177,148 103,716
Net current (liabilities)/assets (6,034 ) 10,831
Total assets less current liabilities 31,804 48,386

Creditors
Amounts falling due after more than one
year

7

(33,865

)

(39,946

)

Provisions for liabilities (7,189 ) (7,135 )
Net (liabilities)/assets (9,250 ) 1,305

Capital and reserves
Called up share capital 9 100 100
Retained earnings (9,350 ) 1,205
Shareholders' funds (9,250 ) 1,305

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 director acknowledges his 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.

LOS BANDITOS LICHFIELD LTD (REGISTERED NUMBER: 12422603)

BALANCE SHEET - continued
31 JANUARY 2023


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 director and authorised for issue on 25 October 2023 and were signed by:





Mr R Hawkesford - Director


LOS BANDITOS LICHFIELD LTD (REGISTERED NUMBER: 12422603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Los Banditos Lichfield 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.

The director has reviewed the credit facilities available to the company over the forthcoming 12 months and assessed that they are sufficient to allow the company to continue to trade and meet its financial obligations as they fall due.

Having taken these factors into account the director has prepared the accounts on a going concern basis.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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.

LOS BANDITOS LICHFIELD LTD (REGISTERED NUMBER: 12422603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

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 27 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 62,449
Additions 12,896
At 31 January 2023 75,345
DEPRECIATION
At 1 February 2022 24,894
Charge for year 12,613
At 31 January 2023 37,507
NET BOOK VALUE
At 31 January 2023 37,838
At 31 January 2022 37,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,078 10,789
Other debtors 157,535 94,954
164,613 105,743

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,518 9,919
Trade creditors 23,618 19,487
Taxation and social security 79,842 57,692
Other creditors 64,170 16,618
177,148 103,716

LOS BANDITOS LICHFIELD LTD (REGISTERED NUMBER: 12422603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,865 39,946

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 21,200 31,800
Between one and five years - 21,200
21,200 53,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr R Hawkesford
Balance outstanding at start of year 60,248 -
Amounts advanced 66,513 60,248
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 126,761 60,248

Interest was charged on the overdrawn loan at a rate of 2.5% per annum. The loan is repayable on demand.