Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 3 March 2025 1 January 2024 31 December 2024 31 December 2024 04223671 Mr R Herlory International, S.A. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04223671 2023-12-31 04223671 2024-12-31 04223671 2024-01-01 2024-12-31 04223671 frs-core:CurrentFinancialInstruments 2024-12-31 04223671 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04223671 frs-core:FurnitureFittings 2024-12-31 04223671 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04223671 frs-core:FurnitureFittings 2023-12-31 04223671 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04223671 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04223671 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04223671 frs-core:PlantMachinery 2024-01-01 2024-12-31 04223671 frs-core:ShareCapital 2024-12-31 04223671 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04223671 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04223671 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04223671 frs-bus:SmallEntities 2024-01-01 2024-12-31 04223671 frs-bus:Audited 2024-01-01 2024-12-31 04223671 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04223671 1 2024-01-01 2024-12-31 04223671 frs-bus:Director1 2024-01-01 2024-12-31 04223671 frs-bus:Director2 2024-01-01 2024-12-31 04223671 frs-countries:EnglandWales 2024-01-01 2024-12-31 04223671 2022-12-31 04223671 2023-12-31 04223671 2023-01-01 2023-12-31 04223671 frs-core:CurrentFinancialInstruments 2023-12-31 04223671 frs-core:ShareCapital 2023-12-31 04223671 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04223671
La Plage Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 04223671
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230,851 169,212
230,851 169,212
CURRENT ASSETS
Stocks 5 1,546,421 1,512,633
Debtors 6 572,846 1,012,882
Cash at bank and in hand 549,085 574,442
2,668,352 3,099,957
Creditors: Amounts Falling Due Within One Year 7 (1,439,377 ) (1,935,890 )
NET CURRENT ASSETS (LIABILITIES) 1,228,975 1,164,067
TOTAL ASSETS LESS CURRENT LIABILITIES 1,459,826 1,333,279
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,057 ) (8,966 )
NET ASSETS 1,423,769 1,324,313
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 1,413,769 1,314,313
SHAREHOLDERS' FUNDS 1,423,769 1,324,313
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
Mr R Herlory
Director
03/03/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
La Plage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04223671 . The registered office is 23 King's Road, London, SE3 4RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are presented in Pounds Sterling which is the functional currency of the company and rounded to the nearest Pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
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.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis as the immediate parent company has indicated that it will provide continued financial support for the foresseable future.
2.3. Significant judgements and estimations
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.
(a) Useful economic lives of assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed regularly. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical condition of the assets.
(b) Sales return provision
The company sales are subject to changing consumer demands and trends. As a result goods that are sold to retailers can be returned to the company if not sold. A provision for those returns is made in those accounts. When calculating the stock return provision, management considers the nature and condition of the goods, as well as applying assumptions around anticipated returns.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual  rates in order to write off the cost of each asset over its expected useful live on the following bases:
Leasehold Straight line over the life of lease
Plant & Machinery 20% on cost
Fixtures & Fittings 12.5% on cost
Computer Equipment 25% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Page 3
2.8. 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 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.
2.9. Pensions
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.
2.10. Related party exemption
The company has taken advantage of 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 with wholly owned subsidiaries within the group.
2.11. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 16)
26 16
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 150,544 737,844 888,388
Additions 13,670 140,836 154,506
Disposals (35,046 ) (289,496 ) (324,542 )
As at 31 December 2024 129,168 589,184 718,352
Depreciation
As at 1 January 2024 102,274 616,902 719,176
Provided during the period 15,299 76,604 91,903
Disposals (34,539 ) (289,039 ) (323,578 )
As at 31 December 2024 83,034 404,467 487,501
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 46,134 184,717 230,851
As at 1 January 2024 48,270 120,942 169,212
5. Stocks
2024 2023
£ £
Stock 1,546,421 1,512,633
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,435 366,738
Other debtors 420,555 460,228
426,990 826,966
Due after more than one year
Other debtors 145,856 185,916
572,846 1,012,882
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 329,930 255,534
Amounts owed to group undertakings 945,732 1,250,729
Other creditors 47,438 281,297
Taxation and social security 116,277 148,330
1,439,377 1,935,890
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
10. Other Commitments
At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £2,526,301 (2023 : £3,029,043).
11. Pension Commitments
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.
12. Ultimate Parent Undertaking and Controlling Party
The ultimate parent entity is G-111 Apparel Group Ltd, incorporated in USA, whose registered office address is 
512 7th Avenue, New York, NY 100018
The consolidated accounts of G-111 Apparel Group include the results of the company.
Page 4
Page 5
13. Audit Information
The auditor's report on the accounts of La Plage Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Steven Davies (Senior Statutory Auditor) for and on behalf of Carston ETL , Statutory Auditor.
Carston ETL
Second Floor
34 Lime Street
London
EC3M 7AT
Page 5