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REGISTERED NUMBER: 02995690 (England and Wales)














Gregal (UK) Limited

Audited Financial Statements

for the Year Ended 30 September 2024






Gregal (UK) Limited (Registered number: 02995690)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 6


Gregal (UK) Limited

Company Information
for the Year Ended 30 September 2024







Directors: F Lopez Blasco
J A Saura





Registered office: Stephenson Avenue
Spalding
Lincolnshire
PE11 3SW





Registered number: 02995690 (England and Wales)





Auditors: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Gregal (UK) Limited (Registered number: 02995690)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 770 1,143

Current assets
Debtors 6 768,048 866,673
Cash at bank and in hand 575,294 529,039
1,343,342 1,395,712
Creditors
Amounts falling due within one year 7 1,032,945 1,117,986
Net current assets 310,397 277,726
Total assets less current liabilities 311,167 278,869

Provisions for liabilities 8 98 191
Net assets 311,069 278,678

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 310,969 278,578
Shareholders' funds 311,069 278,678

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 26 November 2024 and were signed on its behalf by:





F Lopez Blasco - Director


Gregal (UK) Limited (Registered number: 02995690)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. Statutory information

Gregal (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

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 straight-line method.

Depreciation is provided on the following basis:

Fixtures, fittings and office equipment-25% 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.


Gregal (UK) Limited (Registered number: 02995690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. Accounting policies - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

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

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.

4. Employees and directors

The average number of employees during the year was 5 (2023 - 4 ) .

Gregal (UK) Limited (Registered number: 02995690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. Tangible fixed assets
Fixtures,
fittings
and
office
equipment
£   
Cost
At 1 October 2023
and 30 September 2024 1,493
Depreciation
At 1 October 2023 350
Charge for year 373
At 30 September 2024 723
Net book value
At 30 September 2024 770
At 30 September 2023 1,143

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 751,353 843,282
VAT 13,622 18,191
Prepayments and accrued income 3,073 5,200
768,048 866,673

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 453,561 656,857
Amounts owed to group undertakings 362,112 288,713
Corporation tax 64,357 45,455
Social security and other taxes 10,111 10,592
Accruals and deferred income 142,804 116,369
1,032,945 1,117,986

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 98 191

Gregal (UK) Limited (Registered number: 02995690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 October 2023 191
Provided during year (93 )
Balance at 30 September 2024 98

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. Reserves
Retained
earnings
£   

At 1 October 2023 278,578
Profit for the year 192,391
Dividends (160,000 )
At 30 September 2024 310,969

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Christopher Wright FCA CTA (Senior Statutory Auditor)
for and on behalf of Moore Thompson

12. Pension commitments

The company operates a defined contribution pension scheme for the benefit of the employees. The
assets of the scheme are administered by trustees in a fund independent from those of the company.
The pension cost charge for the period was £11,956 (2023: £11,516).

13. Related parties

The ultimate parent undertaking and controlling related party of this company is Gregal Sociedad Co-operativa which is registered in Spain at the following address: Carril Los Perez, Torre Pacheco, Murcia, Spain, 30700.

Transactions during the year with entities which control or hold significant influence over the company were as follows:

Goods costing £7,192,595 (2023: £5,956,725) were purchased during the year.

A balance of £362,112 (2023: £641,662) was owing to related parties at the balance sheet date.