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REGISTERED NUMBER: 01276000 (England and Wales)











STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ANUPCO LIMITED

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


ANUPCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Kempisch Laboratorium N V
R L Beyers
B Lavrysen
P Beyens





SECRETARY: Mrs N J Knighton





REGISTERED OFFICE: 89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA





BUSINESS ADDRESS: Lodge House
Lodge Business Park, Lodge Lane
Langham
Colchester
Essex
CO4 5NE





REGISTERED NUMBER: 01276000 (England and Wales)





AUDITORS: Walter Wright
Chartered Accountants
Statutory Auditor
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024


The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
Principle risks and uncertainties

As with many businesses our income can fluctuate as a result of factors outside of our control. To minimise this risk we have a broad spread of geographically diverse customers. We recognise the importance of our staff and are committed to their training and development. The business also faces the normal risks and uncertainties that apply to similar businesses. The directors regularly review the major risks which impact the business. Existing controls are analysed and further actions required identified.

Analysis of development and performance

Please refer to the attached financial statements for more detail.

Key performance indicators

2024 2023

Gross profit percentage 41.05% 46.21%
Net (loss) / profit percentage (6.81)% (0.58)%
Current ratio 379.00% 361.70%
Average trade debtor days 51 days 38 days

The Directors consider that the company is well placed to develop its activities with particular focus on the UK distribution business in the foreseeable future.

Other key performance indicators

We continue to proactively promote environmentally friendly practices and policies within the business.

Future developments and research and development

By the nature of its trade the company is not actively involved in research and development. The directors do however closely monitor developments in technology and business practice, with a view to implementing efficiencies and greater levels of customer service. Emphasis is placed on capital expenditure and the use of modern equipment at all levels.

Important events occurring since the year end are shown in the notes to the accounts, where applicable.

ON BEHALF OF THE BOARD:





B Lavrysen - Director


27 February 2025

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the sale of healthcare products for farm livestock and companion animals.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Kempisch Laboratorium N V
R L Beyers
B Lavrysen
P Beyens

Other changes in directors holding office are as follows:

R Beyers - deceased 26 March 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


AUDITORS
The auditors, Walter Wright, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





B Lavrysen - Director


27 February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ANUPCO LIMITED


Opinion
We have audited the financial statements of Anupco Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ANUPCO LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our procedures in relation to fraud included but were not limited to:

- enquiries of management whether they have knowledge of any actual, suspected or alleged fraud;
- gaining an understanding of the internal controls established to mitigate risk related to fraud;
- discussion amongst the engagement team regarding risk of fraud such as opportunities for fraudulent manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates; and
- addressing the risk of fraud through management override of controls by performing journal entry testing.

The primary responsibility for the prevention and detection of irregularities including fraud rests with both those charged with governance and management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ANUPCO LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Kevin Brown ACA MAAT (Senior Statutory Auditor)
for and on behalf of Walter Wright
Chartered Accountants
Statutory Auditor
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

28 February 2025

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £    £    £   

TURNOVER 3 1,451,956 1,465,457

Cost of sales 855,993 788,313
GROSS PROFIT 595,963 677,144

Distribution costs 86,547 75,542
Administrative expenses 631,131 634,494
717,678 710,036
(121,715 ) (32,892 )

Other operating income 660 -
OPERATING LOSS 5 (121,055 ) (32,892 )

Interest receivable and similar income 22,240 24,495
(98,815 ) (8,397 )

Interest payable and similar expenses 6 - 113
LOSS BEFORE TAXATION (98,815 ) (8,510 )

Tax on loss 7 (34,916 ) 7,726
LOSS FOR THE FINANCIAL YEAR (63,899 ) (16,236 )

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

LOSS FOR THE YEAR (63,899 ) (16,236 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(63,899

)

(16,236

)

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,747 2,550

CURRENT ASSETS
Stocks 9 373,512 445,268
Debtors 10 833,006 819,178
Cash at bank and in hand 90,446 155,024
1,296,964 1,419,470
CREDITORS
Amounts falling due within one year 11 332,289 391,699
NET CURRENT ASSETS 964,675 1,027,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

966,422

1,030,321

CAPITAL AND RESERVES
Called up share capital 14 942,050 942,050
Retained earnings 15 24,372 88,271
SHAREHOLDERS' FUNDS 966,422 1,030,321

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





P Beyens - Director


ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 942,050 104,507 1,046,557

Changes in equity
Total comprehensive income - (16,236 ) (16,236 )
Balance at 31 December 2023 942,050 88,271 1,030,321

Changes in equity
Total comprehensive income - (63,899 ) (63,899 )
Balance at 31 December 2024 942,050 24,372 966,422

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (40,052 ) (32,421 )
Interest paid - (113 )
Tax paid - 16,417
Net cash from operating activities (40,052 ) (16,117 )

Cash flows from investing activities
Purchase of tangible fixed assets - (1,564 )
Interest received 22,240 24,495
Net cash from investing activities 22,240 22,931

Cash flows from financing activities
Movement in group balance (46,766 ) 22,364
Net cash from financing activities (46,766 ) 22,364

(Decrease)/increase in cash and cash equivalents (64,578 ) 29,178
Cash and cash equivalents at
beginning of year

2

155,024

125,846

Cash and cash equivalents at end of
year

2

90,446

155,024

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024


1. RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Loss before taxation (98,815 ) (8,510 )
Depreciation charges 803 780
Finance costs - 113
Finance income (22,240 ) (24,495 )
(120,252 ) (32,112 )
Decrease/(increase) in stocks 71,756 (40,353 )
Decrease in trade and other debtors 67,854 133,038
Decrease in trade and other creditors (59,410 ) (92,994 )
Cash generated from operations (40,052 ) (32,421 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 90,446 155,024
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 155,024 125,846


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 155,024 (64,578 ) 90,446
155,024 (64,578 ) 90,446
Total 155,024 (64,578 ) 90,446

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Anupco 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 (£).


The financial statements are prepared with a £1 rounding level applied.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirement of paragraph 33.7.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be appropriate and reasonable in the circumstances.

a) Critical judgements in applying the entity's accounting policies
There is no area within the company's accounts where management has been required to apply a critical judgement.

b) Key accounting estimates and assumptions

(i) Impairment of debtors
An allowance for the impairment of trade debtors is considered. This requires management's best estimate of impairment to specific debts on the basis of objective evidence that is available.

(i) Stock provisioning
It is necessary to consider the recoverability of the cost of inventory and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of finished goods.

Turnover
Turnover from the sales of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed upon payment. These criteria are considered to be met when the goods are despatched to the buyer.

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

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.

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.

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.

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget.

Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

3. TURNOVER

The turnover and loss before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Sale of goods 1,433,007 1,448,186
Sales commissions 18,949 17,271
1,451,956 1,465,457

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 1,433,007 1,448,186
Europe 18,949 17,271
1,451,956 1,465,457

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 384,789 396,363
Social security costs 38,956 39,649
Other pension costs 17,120 16,980
440,865 452,992

The average number of employees during the year was as follows:
2024 2023

Management and administration 8 8

2024 2023
£    £   
Directors' remuneration 49,117 77,242

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. OPERATING LOSS

The operating loss is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 460 460
Other operating leases 29,073 18,003
Depreciation - owned assets 803 780
Auditors' remuneration 6,250 6,250
Foreign exchange differences (660 ) 14,047
Fees payable to the company's auditor and its associates for other
services: Tax services

1,000

1,000
Services relating to recruitment and remuneration 930 889
All other services 4,228 6,793

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest - 113

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax - 8,610

Deferred tax (34,916 ) (884 )
Tax on loss (34,916 ) 7,726

UK corporation tax has been charged at 25% .

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Loss before tax (98,815 ) (8,510 )
Loss multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 25%)

(24,704

)

(2,128

)

Effects of:
Expenses not deductible for tax purposes (5,047 ) 1,244
Adjustments to tax charge in respect of previous periods (5,165 ) 8,610
rates of corporation tax
Profit
Total tax (credit)/charge (34,916 ) 7,726

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 14,909
Disposals (7,917 )
At 31 December 2024 6,992
DEPRECIATION
At 1 January 2024 12,359
Charge for year 803
Eliminated on disposal (7,917 )
At 31 December 2024 5,245
NET BOOK VALUE
At 31 December 2024 1,747
At 31 December 2023 2,550

9. STOCKS
2024 2023
£    £   
Finished goods 373,512 445,268

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 295,463 366,200
Amounts owed by group undertakings 485,751 438,985
Other debtors 1,350 1,350
Deferred tax asset 37,597 2,681
Prepayments and accrued income 12,845 9,962
833,006 819,178

Deferred tax asset
2024 2023
£    £   
Accelerated capital allowances 1,541 2,681
Tax losses carried forward 36,056 -
37,597 2,681

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 177,679 120,276
Social security and other taxes 17,577 22,605
VAT 23,991 56,730
Accrued expenses 113,042 192,088
332,289 391,699

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 26,231 14,234
Between one and five years 45,889 10,787
72,120 25,021

13. DEFERRED TAX
£   
Balance at 1 January 2024 (2,681 )
Credit to Income Statement during year (34,916 )
Balance at 31 December 2024 (37,597 )

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
942,046 Ordinary A voting £1 942,046 942,046
4 Ordinary B non-voting £1 4 4
942,050 942,050

15. RESERVES
Retained
earnings
£   

At 1 January 2024 88,271
Deficit for the year (63,899 )
At 31 December 2024 24,372

16. RELATED PARTY DISCLOSURES

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.

ANUPCO LIMITED (REGISTERED NUMBER: 01276000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


16. RELATED PARTY DISCLOSURES - continued

During the year, a total of key management personnel compensation of £ 49,117 (2023 - £ 77,242 ) was paid.

Voxdale BVBA (incorporated in Belgium ) is regarded by the directors as being the company's ultimate parent company.

The immediate parent of the company is Kela Laboratoria NV a company incorporated in Belgium, which owns 100% of the issued share capital.

The registered office address is Sint Lenaartseweg 48, 2320 Hoogstraten, Belgium.

Accounts for the company's parent company are available at the following address:

Nationale Bank van Belgie NV
Balanscentrale
de Berlaimontlaan 14
1000 Brussel

or http:/www.nbb.be

17. PENSIONS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £17,120 (2023 - £16,980 ).