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REGISTERED NUMBER: 09265973 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LA CORTE LIMITED

LA CORTE LIMITED (REGISTERED NUMBER: 09265973)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LA CORTE LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2024







DIRECTOR: F Iozzi





REGISTERED OFFICE: Franco's
85-87 Leyland Lane
Leyland
Lancashire
PR25 1XB





REGISTERED NUMBER: 09265973 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

LA CORTE LIMITED (REGISTERED NUMBER: 09265973)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,763 25,659

CURRENT ASSETS
Stocks 6,500 6,500
Debtors 5 4,659 5,261
Cash at bank and in hand 6,235 11,405
17,394 23,166
CREDITORS
Amounts falling due within one year 6 56,058 55,699
NET CURRENT LIABILITIES (38,664 ) (32,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,901

)

(6,874

)

CREDITORS
Amounts falling due after more than one
year

7

19,942

20,848
NET LIABILITIES (36,843 ) (27,722 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (36,943 ) (27,822 )
(36,843 ) (27,722 )

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

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

LA CORTE LIMITED (REGISTERED NUMBER: 09265973)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 4 December 2024 and were signed by:





F Iozzi - Director


LA CORTE LIMITED (REGISTERED NUMBER: 09265973)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024

1. STATUTORY INFORMATION

La Corte Limited 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.

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
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.

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.

LA CORTE LIMITED (REGISTERED NUMBER: 09265973)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company made a loss of £8519 (2023 - £13091) for the year ended 31 October 2024 and had net liabilities of £36843 (2023 - £27722). The company is dependent, in the absence of other funding on the continued financial support of it's director. The director has confirmed his commitment to provide the necessary support and the director consider it appropriate to prepare financial statements on a going concern basis, based on focusing on higher business margins.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 23,285 35,276 4,994 63,555
DEPRECIATION
At 1 November 2023 12,953 23,155 1,788 37,896
Charge for year 1,505 1,910 481 3,896
At 31 October 2024 14,458 25,065 2,269 41,792
NET BOOK VALUE
At 31 October 2024 8,827 10,211 2,725 21,763
At 31 October 2023 10,332 12,121 3,206 25,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Deferred tax asset 4,152 4,754
Prepayments 507 507
4,659 5,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Social security and other taxes 403 716
VAT 6,268 8,481
Other creditors - 1,117
Directors' current accounts 28,563 35,385
Accrued expenses 10,824 -
56,058 55,699

LA CORTE LIMITED (REGISTERED NUMBER: 09265973)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 8) 19,942 20,848

8. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,942 10,848