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Registered number: 10096844
La Nostra Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10096844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,425 5,666
13,425 5,666
CURRENT ASSETS
Stocks 5 2,300 2,500
Debtors 6 38,989 24,505
Cash at bank and in hand 51,740 49,721
93,029 76,726
Creditors: Amounts Falling Due Within One Year 7 (57,271 ) (29,732 )
NET CURRENT ASSETS (LIABILITIES) 35,758 46,994
TOTAL ASSETS LESS CURRENT LIABILITIES 49,183 52,660
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,551 ) (1,077 )
NET ASSETS 46,632 51,583
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 46,630 51,581
SHAREHOLDERS' FUNDS 46,632 51,583
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Page 2
For the year ending 30 April 2024 the company 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B Kurti
Director
16 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
La Nostra Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10096844 . The registered office is 741 Green Lanes, Winchmore Hill, London, N21 3RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised in the period the service is provided to the customer.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 Years
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 - 1,334 14,398 15,732
Additions 7,446 3,299 - 10,745
As at 30 April 2024 7,446 4,633 14,398 26,477
Depreciation
As at 1 May 2023 - 771 9,295 10,066
Provided during the period 745 965 1,276 2,986
As at 30 April 2024 745 1,736 10,571 13,052
Net Book Value
As at 30 April 2024 6,701 2,897 3,827 13,425
As at 1 May 2023 - 563 5,103 5,666
5. Stocks
2024 2023
£ £
Stock - materials 2,300 2,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 322 576
Other debtors 38,667 23,929
38,989 24,505
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,673 2,231
Bank loans and overdrafts 3,500 2,061
Other loans 38,645 -
Other creditors 1,932 2,756
Taxation and social security 10,521 22,684
57,271 29,732
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 19,500 19,500
Later than one year and not later than five years 19,500 39,000
39,000 58,500
10. Related Party Transactions
G & J Property Group LtdThe above is a related party by virtue of common control.During the year, the related party received funds from the company and the company incurred costs on behalf of the related party. At the balance sheet date, the related party owed £33,040 (2023: £13,647) to the company. No interest was charged on this loan during the period.

G & J Property Group Ltd

The above is a related party by virtue of common control.

During the year, the related party received funds from the company and the company incurred costs on behalf of the related party. At the balance sheet date, the related party owed £33,040 (2023: £13,647) to the company. No interest was charged on this loan during the period.

B KurtiThe above is a related party by virtue of being a director.During the year, the related party incurred expenses and drew moneis against his account. At the balance sheet date, the related party was owed £780 (2023: £380) by the company. No interest was charged on this loan during the period.

B Kurti

The above is a related party by virtue of being a director.

During the year, the related party incurred expenses and drew moneis against his account. At the balance sheet date, the related party was owed £780 (2023: £380) by the company. No interest was charged on this loan during the period.

M KurtiThe above is a related party by virtue of being a shareholder.During the year, the related party incurred expenses and drew moneis against their account. At the balance sheet date, the related party was owed £672 (2023: £315) by the company. No interest was charged on this loan during the period.

M Kurti

The above is a related party by virtue of being a shareholder.

During the year, the related party incurred expenses and drew moneis against their account. At the balance sheet date, the related party was owed £672 (2023: £315) by the company. No interest was charged on this loan during the period.

11. Ultimate Controlling Party
The company's ultimate controlling parties are B Kurti & M Kurti by virtue of their equal ownership of the issued share capital in the company.
12. Charges
There is a fixed and floating charge over the assets of the Company by Lloyds Bank PLC.
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