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REGISTERED NUMBER: 12403768 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

La Lucca Spanish Cleaning Products Ltd

La Lucca Spanish Cleaning Products Ltd (Registered number: 12403768)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


La Lucca Spanish Cleaning Products Ltd

Company Information
for the Year Ended 31 January 2024







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

La Lucca Spanish Cleaning Products Ltd (Registered number: 12403768)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,746 15,054

CURRENT ASSETS
Stocks 87,652 74,968
Debtors 5 180,153 71,307
Cash at bank 296,877 19,322
564,682 165,597
CREDITORS
Amounts falling due within one year 6 301,330 106,523
NET CURRENT ASSETS 263,352 59,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,098

74,128

CREDITORS
Amounts falling due after more than one
year

7

-

(9,042

)

PROVISIONS FOR LIABILITIES (3,437 ) (3,764 )
NET ASSETS 273,661 61,322

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 273,659 61,320
273,661 61,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

La Lucca Spanish Cleaning Products Ltd (Registered number: 12403768)

Balance Sheet - continued
31 January 2024


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 28 October 2024 and were signed on its behalf by:





D Riley - Director


La Lucca Spanish Cleaning Products Ltd (Registered number: 12403768)

Notes to the Financial Statements
for the Year Ended 31 January 2024

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.

La Lucca Spanish Cleaning Products Ltd (Registered number: 12403768)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 28,539
Additions 7,638
At 31 January 2024 36,177
DEPRECIATION
At 1 February 2023 13,485
Charge for year 8,946
At 31 January 2024 22,431
NET BOOK VALUE
At 31 January 2024 13,746
At 31 January 2023 15,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 23,206 20,734
Amounts owed by associates 153,689 50,323
Other debtors 3,258 250
180,153 71,307

La Lucca Spanish Cleaning Products Ltd (Registered number: 12403768)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 20,487 34,764
Trade creditors 82,781 34,756
Taxation and social security 172,918 23,852
Other creditors 25,144 13,151
301,330 106,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 9,042

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 23,266 7,930
Between one and five years 22,012 28,751
45,278 36,681

9. RELATED PARTY DISCLOSURES

Included in other debtors at 31st January 2024 is £153,689 owed from related parties. The loans are interest free and repayable on demand.