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REGISTERED NUMBER: 09451865 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Latinoamerica Ltd

Latinoamerica Ltd (Registered number: 09451865)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Latinoamerica Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: D H Kelly





REGISTERED OFFICE: 36 Church Road
Hove
East Sussex
BN3 2FN





REGISTERED NUMBER: 09451865 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Latinoamerica Ltd (Registered number: 09451865)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 15,500
Tangible assets 5 168,863 168,414
177,863 183,914

CURRENT ASSETS
Stocks 41,210 14,960
Debtors 6 51,899 25,599
Cash at bank and in hand 371,225 553,966
464,334 594,525
CREDITORS
Amounts falling due within one year 7 127,088 178,771
NET CURRENT ASSETS 337,246 415,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,109

599,668

CREDITORS
Amounts falling due after more than one
year

8

(118,417

)

(167,417

)

PROVISIONS FOR LIABILITIES (34,986 ) (31,999 )
NET ASSETS 361,706 400,252

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 361,606 400,152
SHAREHOLDERS' FUNDS 361,706 400,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Latinoamerica Ltd (Registered number: 09451865)

Balance Sheet - continued
28 February 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 24 October 2023 and were signed by:





D H Kelly - Director


Latinoamerica Ltd (Registered number: 09451865)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Latinoamerica 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Latinoamerica Ltd (Registered number: 09451865)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS

Lease premiums are being amortised evenly over their estimated useful life of five and ten years.

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 161,524 144,433 7,083 13,289 326,329
Additions 6,865 24,240 - 3,492 34,597
Disposals - - (7,083 ) - (7,083 )
At 28 February 2023 168,389 168,673 - 16,781 353,843
DEPRECIATION
At 1 March 2022 96,300 52,203 2,733 6,679 157,915
Charge for year 10,813 17,470 - 1,515 29,798
Eliminated on disposal - - (2,733 ) - (2,733 )
At 28 February 2023 107,113 69,673 - 8,194 184,980
NET BOOK VALUE
At 28 February 2023 61,276 99,000 - 8,587 168,863
At 28 February 2022 65,224 92,230 4,350 6,610 168,414

6. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Trade debtors 349 1,606
Other debtors 44,050 16,493
44,399 18,099

Amounts falling due after more than one year:
Other debtors 7,500 7,500

Aggregate amounts 51,899 25,599

Latinoamerica Ltd (Registered number: 09451865)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 49,000 49,000
Trade creditors 35,063 53,353
Taxation and social security 16,961 35,641
Other creditors 26,064 40,777
127,088 178,771

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 118,417 167,417

9. RELATED PARTY DISCLOSURES

Included in other creditors is £160 (2022 - £15,536) which is owed to Mr D Kelly, the director and the
shareholder.This loan is provided on an interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.