Compac UK Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 6320910

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,541		4,027

			2,541		4,027
CURRENT ASSETS
Stocks	5	810,365		917,887
Debtors	6	440,875		130,701
Cash at bank and in hand		68,311		76,359

		1,319,551		1,124,947
Creditors: Amounts Falling Due Within One Year	7	(3,365,602 )		(2,400,389 )

NET CURRENT ASSETS (LIABILITIES)			(2,046,051 )		(1,275,442 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,043,510 )		(1,271,415 )

NET LIABILITIES			(2,043,510 )		(1,271,415 )

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(2,044,510 )		(1,272,415 )

SHAREHOLDERS' FUNDS			(2,043,510)		(1,271,415)

Page 1

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Compac UK Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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

28/05/2025

The notes on pages 3 to 5 form part of these 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:

	2024	2023
Sales, marketing and distribution	4	7

	4	7

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Compac UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	29,964	46,032	17,266	93,262
Disposals	-	-	(2,500 )	(2,500 )

As at 31 December 2024	29,964	46,032	14,766	90,762

Depreciation
As at 1 January 2024	28,036	45,986	15,213	89,235
Provided during the period	233	46	-	279
Disposals	-	-	(1,293 )	(1,293 )

As at 31 December 2024	28,269	46,032	13,920	88,221

Net Book Value
As at 31 December 2024	1,695	-	846	2,541

As at 1 January 2024	1,928	46	2,053	4,027

5. Stocks

	2024	2023
	£	£
Finished goods	810,365	917,887

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	371,370	96,924
Other debtors	28,941	28,258
Corporation tax recoverable assets	5,519	5,519
Amounts owed by related parties	35,045	-

	440,875	130,701

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	40,649	64,240
Other taxes and social security	96,366	54,388
Net wages	10,723	18,506
Other creditors	370	398
Amounts owed to related parties	3,217,494	2,262,857

	3,365,602	2,400,389

8. Deferred Taxation

No provison is currently required.

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Compac UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
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:

	2024	2023
	£	£
Later than one year and not later than five years	100,000	150,000

	100,000	150,000

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 £299,687 from Silicalia Portugal SA, a related undertaking, totalling £1,220,105, from Compac Corporate SL, a related undertaking, totalling £233,392 and supplied goods and services to Compac Trade, a related undertaking, totalling £17,965.