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REGISTERED NUMBER: 02414738 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ESPA-PUMPS (U.K) LIMITED

ESPA-PUMPS (U.K) LIMITED (REGISTERED NUMBER: 02414738)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESPA-PUMPS (U.K) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Vizern Soler
Ms L Reixach Gelaber
A B Chung





REGISTERED OFFICE: 15 Riverside Avenue West
Lawford
Manningtree
Essex
CO11 1UN





REGISTERED NUMBER: 02414738 (England and Wales)





AUDITORS: LB Group
The Octagon
Suite E2
Middleborough
Colchester
Essex
CO1 1TG

ESPA-PUMPS (U.K) LIMITED (REGISTERED NUMBER: 02414738)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,175 10,342

CURRENT ASSETS
Stocks 135,806 168,629
Debtors 5 85,968 102,352
Cash in hand 152 155
221,926 271,136
CREDITORS
Amounts falling due within one year 6 163,533 135,628
NET CURRENT ASSETS 58,393 135,508
TOTAL ASSETS LESS CURRENT LIABILITIES 68,568 145,850

CREDITORS
Amounts falling due after more than one
year

7

7,322

13,441
NET ASSETS 61,246 132,409

CAPITAL AND RESERVES
Called up share capital 9 1,348,052 1,348,052
Retained earnings (1,286,806 ) (1,215,643 )
SHAREHOLDERS' FUNDS 61,246 132,409

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





A B Chung - Director


ESPA-PUMPS (U.K) LIMITED (REGISTERED NUMBER: 02414738)

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

1. STATUTORY INFORMATION

ESPA-Pumps (U.K) 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. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc- 25% on reducing balance
Improvements to property- 20% on cost

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

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.

ESPA-PUMPS (U.K) LIMITED (REGISTERED NUMBER: 02414738)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less an impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 25,633
Additions 5,601
At 31 December 2024 31,234
DEPRECIATION
At 1 January 2024 15,291
Charge for year 5,768
At 31 December 2024 21,059
NET BOOK VALUE
At 31 December 2024 10,175
At 31 December 2023 10,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,753 95,680
Other debtors 3,215 6,672
85,968 102,352

ESPA-PUMPS (U.K) LIMITED (REGISTERED NUMBER: 02414738)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,501 19,246
Trade creditors 36,217 34,016
Amounts owed to group undertakings 61,635 40,264
Taxation and social security 31,557 27,591
Other creditors 11,623 14,511
163,533 135,628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,322 13,441

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 24,047 36,547
Between one and five years - 24,047
24,047 60,594

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,348,052 Ordinary 1 1,348,052 1,348,052

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Oliver James White (Senior Statutory Auditor)
for and on behalf of LB Group

11. RELATED PARTY DISCLOSURES

The Company's immediate parent undertaking is ESPA 2025 S.L.
The registered address of ESPA 2025 S.L is: Carretera De Mieres, S/N, Banyoles, Girona, Spain, 17820.

The ultimate parent company is Industrias Auxiliares GTE Group, SL.
The registered address of GTE Soportes Industriales, SL is: Carrer del Pintor Pigem, 56, 17820 Banyoles, Girona, Spain