REGISTERED NUMBER: 02621565 (England and Wales)

L'anza Europe Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Rippon (Resigned on 05.07.2025)

E K Hornigold

V J Patten

H Hornigold

D A Patten

REGISTERED OFFICE:

800 Wellworthy Road

Lymington

Hampshire

SO41 8JY

REGISTERED NUMBER:

02621565 (England and Wales)

Fixed assets

Tangible assets

5

70,739

95,124

Current assets

Stocks

6

222,541

320,931

Debtors

7

208,173

278,867

Cash at bank and in hand

46,815

15,902

477,529

615,700

Creditors

Amounts falling due within one year

8

(378,077

)

(477,973

)

Net current assets

99,452

137,727

Total assets less current liabilities

170,191

232,851

Creditors

Amounts falling due after more than one year

9

(85,538

)

(137,457

)

Provisions for liabilities

11

(525

)

(1,942

)

Net assets

84,128

93,452

Capital and reserves

Called up share capital

600

600

Capital redemption reserve

400

400

Retained earnings

83,128

92,452

Shareholders' funds

84,128

93,452

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

H Hornigold - Director

1.	STATUTORY INFORMATION

L'anza Europe 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER AND REVENUE RECOGNITION

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognizes revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

TANGIBLE FIXED ASSETS

Tangible assets are stated in the statement of financial postilion at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% straight line basis

Office equipment

20% straight line basis

Plant and machinery

20% straight line basis

Computer equipment

33.33% straight line basis

Short leasehold buildings

10% straight line basis

STOCKS

Stocks ate stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks arc impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in or loss.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor arc classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms or the lease transfer substantially all the risks and rewards of ownership the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rete of interest on the remaining balance of the liability.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

SHARE CAPITAL

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DIVIDENDS

Dividend distribution to the company's shareholders is recognized as a liability in the financial statements in the reporting period in which the dividends ale declared.

GOING CONCERN

The financial statements have been prepared on a going concern basis.

CASH AND CASH EQUIVALENT

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE CREDITORS

Trade creditors obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable classified as current liabilities if the company does not have an unconditional rights at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors ate recognized initially at the transaction price and subsequently measured at amortised cost using (Ire effective interest method.

BORROWINGS

Interest-bearing borrowings are initially reconciled at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period or the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company Ins an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

5.	TANGIBLE FIXED ASSETS

Short

Fixtures

leasehold

Plant and

and

Computer

buildings

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

173,041

20,319

195,504

210,512

599,376

Additions

-

-

16,478

1,460

17,938

At 31 December 2024

173,041

20,319

211,982

211,972

617,314

DEPRECIATION

At 1 January 2024

108,921

19,946

194,994

180,391

504,252

Charge for year

18,718

128

1,336

22,141

42,323

At 31 December 2024

127,639

20,074

196,330

202,532

546,575

NET BOOK VALUE

At 31 December 2024

45,402

245

15,652

9,440

70,739

At 31 December 2023

64,120

373

510

30,121

95,124

6.

STOCKS

2024

2023

£

£

Stocks

222,541

320,931

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

128,499

210,694

Prepayments and accrued income

79,674

68,173

208,173

278,867

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

52,125

48,040

Trade creditors

25,981

30,038

Pension contribution

7,100

6,048

Corporation tax liability

55,850

82,989

Social security and other tax

21,430

-

VAT

58,802

70,393

Other creditors

141,837

212,944

Accruals and deferred income

14,952

27,521

378,077

477,973

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

85,538

137,457

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

52,125

48,040

Amounts falling due between two and five years:

Bank loans - 2-5 years

85,538

137,457

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

525

1,942

Deferred

tax

£

Balance at 1 January 2024

1,942

Utilised during year

(1,417

)

Balance at 31 December 2024

525

12.	OTHER FINANCIAL COMMITMENTS

AMOUNT NOT PROVIDED FOR IN THE BALANCE SHEET

The total amount of financial commitments not included in the balance sheet is £78,171 (2023 - £48,311).

13.	OFF-BALANCE SHEET ARRANGEMENTS

FACTORED DEBTS

Trade debtors include factored debts, which have not been paid to the factoring company. The factoring company has a charge over all factored debts. As at 31 December 2024, the company owed the factoring company £75,393 (2023 - £158,625).