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Registered number: 14069030










LLAMADA UK LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LLAMADA UK LIMITED
 
 
COMPANY INFORMATION


Director
J V Herrero Noguera 




Company secretary
S Anderson



Registered number
14069030



Registered office
Unit 3 Brunel Business Court
Brunel Way

Thetford

Norfolk

IP24 1HP




Independent auditors
BW Audit Limited
Chartered Accountants & Statutory Auditors

Berry & Warren

54 Thorpe Road

Norwich

NR1 1RY





 
LLAMADA UK LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
LLAMADA UK LIMITED
REGISTERED NUMBER: 14069030

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
26,699
31,557

  
26,699
31,557

Current assets
  

Stocks
  
35,076
-

Debtors: amounts falling due after more than one year
 5 
2,500
2,500

Debtors: amounts falling due within one year
 5 
23,771
19,660

Cash at bank and in hand
 6 
23,685
1,274

  
85,032
23,434

Creditors: amounts falling due within one year
 7 
(193,087)
(6,460)

Net current (liabilities)/assets
  
 
 
(108,055)
 
 
16,974

Total assets less current liabilities
  
(81,356)
48,531

  

Net (liabilities)/assets
  
(81,356)
48,531


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
(181,356)
(51,469)

  
(81,356)
48,531


Page 1

 
LLAMADA UK LIMITED
REGISTERED NUMBER: 14069030
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J V Herrero Noguera
Director

Date: 14 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LLAMADA UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Llamada UK Limited is a private company limited by shares, incorporated in England and Wales. The registered office is Unit 3 Brunel Business Court, Brunel Way, Thetford, Norfolk, IP24 1HP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered the company's position at the time of signing the financial statements alongside the financial position of the wider group. The parent company has confirmed it will continue to provide support for at least 12 months from the date of approval of these financial statements and whilst trading is established in the UK.
Based on this, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, he considers it is appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
LLAMADA UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the company as lessee

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

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
LLAMADA UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.


Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
LLAMADA UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price.

 
2.13

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to and from related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
LLAMADA UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
-
34,753
786
35,539


Additions
3,000
-
1,045
4,045



At 31 December 2023

3,000
34,753
1,831
39,584



Depreciation


At 1 January 2023
-
3,982
-
3,982


Charge for the year on owned assets
600
7,693
610
8,903



At 31 December 2023

600
11,675
610
12,885



Net book value



At 31 December 2023
2,400
23,078
1,221
26,699



At 31 December 2022
-
30,771
786
31,557

Page 7

 
LLAMADA UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
2,500
2,500

2,500
2,500


2023
2022
£
£

Due within one year

Trade debtors
17,040
-

Amounts owed by group undertakings
-
10,014

Other debtors
109
9,305

Prepayments and accrued income
6,622
341

23,771
19,660



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,685
1,274

23,685
1,274



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
2,685

Amounts owed to group undertakings
171,780
-

Other taxation and social security
4,237
2,480

Other creditors
-
698

Accruals and deferred income
17,070
597

193,087
6,460


Page 8

 
LLAMADA UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £3,522 (2022 - £1,468). 
At the year end there were no unpaid pension contributions (2022 - £Nil)


9.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
10,500
10,000

Later than 1 year and not later than 5 years
31,500
42,000

42,000
52,000


10.


Related party transactions

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between wholly owned members of the group.

11.


Controlling party

The ultimate parent company is Construcciones Mecanicas Llamada SL, a company incorporated in Spain. The group financial statements are available from Registro Mercantil Central.


12.
 

Provisions available for audits of small entities

In common with many businesses of our size and nature, our auditors provided non-audit services for the period ended 31 December 2023, including bookkeeping and payroll services.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 17 November 2024 by Joanne Fox BA FCA (Senior Statutory Auditor) on behalf of BW Audit Limited.

 
Page 9