Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 6320910 Mr Francisco Sanchis Brines Mr Sergio Sanchis Brines true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6320910 2022-12-31 6320910 2023-12-31 6320910 2023-01-01 2023-12-31 6320910 frs-core:CurrentFinancialInstruments 2023-12-31 6320910 frs-core:BetweenOneFiveYears 2023-12-31 6320910 frs-core:ComputerEquipment 2023-12-31 6320910 frs-core:ComputerEquipment 2023-01-01 2023-12-31 6320910 frs-core:ComputerEquipment 2022-12-31 6320910 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 6320910 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 6320910 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 6320910 frs-core:PlantMachinery 2023-12-31 6320910 frs-core:PlantMachinery 2023-01-01 2023-12-31 6320910 frs-core:PlantMachinery 2022-12-31 6320910 frs-core:ShareCapital 2023-12-31 6320910 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 6320910 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 6320910 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 6320910 frs-bus:SmallEntities 2023-01-01 2023-12-31 6320910 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 6320910 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 6320910 1 2023-01-01 2023-12-31 6320910 frs-bus:Director1 2023-01-01 2023-12-31 6320910 frs-bus:Director2 2023-01-01 2023-12-31 6320910 frs-countries:EnglandWales 2023-01-01 2023-12-31 6320910 2021-12-31 6320910 2022-12-31 6320910 2022-01-01 2022-12-31 6320910 frs-core:CurrentFinancialInstruments 2022-12-31 6320910 frs-core:BetweenOneFiveYears 2022-12-31 6320910 frs-core:ShareCapital 2022-12-31 6320910 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 6320910
Compac UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
C W Dix Limited
Accountants & Business Advisors
4b Silkwood Court
Wakefield
West Yorkshire
WF5 9TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6320910
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,027 5,439
4,027 5,439
CURRENT ASSETS
Stocks 5 917,887 1,113,829
Debtors 6 130,701 275,238
Cash at bank and in hand 76,359 62,395
1,124,947 1,451,462
Creditors: Amounts Falling Due Within One Year 7 (2,400,389 ) (1,932,343 )
NET CURRENT ASSETS (LIABILITIES) (1,275,442 ) (480,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,271,415 ) (475,442 )
NET LIABILITIES (1,271,415 ) (475,442 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (1,272,415 ) (476,442 )
SHAREHOLDERS' FUNDS (1,271,415) (475,442)
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 Francisco Sanchis Brines
Director
31/05/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Compac UK Limited Registered number 6320910 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 6 Diamond House, Thornes Moor Road, Wakefield, West Yorkshire, WF2 8PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost basis and in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The financial statements are prepared in sterling, which is the functional currency of the entity.



2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 12% per annum on cost
Plant & Machinery 12% per annum on cost
Computer Equipment 20% per annum on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.
2.5. 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Sales, marketing and distribution 7 7
7 7
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 29,964 46,032 16,891 92,887
Additions - - 375 375
As at 31 December 2023 29,964 46,032 17,266 93,262
Depreciation
As at 1 January 2023 27,802 45,693 13,953 87,448
Provided during the period 234 293 1,260 1,787
As at 31 December 2023 28,036 45,986 15,213 89,235
Net Book Value
As at 31 December 2023 1,928 46 2,053 4,027
As at 1 January 2023 2,162 339 2,938 5,439
5. Stocks
2023 2022
£ £
Finished goods 917,887 1,113,829
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 96,924 197,769
Other debtors 28,258 71,949
Corporation tax recoverable assets 5,519 5,520
130,701 275,238
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 64,240 95,707
Other taxes and social security 54,388 90,369
Net wages 18,506 -
Other creditors 398 -
Amounts owed to related parties 2,262,857 1,746,267
2,400,389 1,932,343
8. Deferred Taxation
No provison is currently required.
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Other Commitments
At the end of the period the company had annual commitments under non-cancellable operating leases as follows:
2023 2022
£ £
Later than one year and not later than five years 150,000 170,002
150,000 170,002
11. Ultimate Controlling Party
The company's ultimate controlling parties are Mr F Sanchis Brines and Mr S Sanchis Brines by virtue of their ultimate shareholdings.
12. Transactions with related businesses
During the year the company purchased goods and services from Marmol Compac SA, a related undertaking, totalling £316,668 from Silicalia Portugal SA, a related undertaking, totalling £767,592 and from Compac Corporate SL, a related undertaking, totalling £287,382.
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