REGISTERED NUMBER: 02211501 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Ficosa International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Pujol Artigas

J M Serra Permanyer

REGISTERED OFFICE:

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

REGISTERED NUMBER:

02211501 (England and Wales)

AUDITORS:

Sygma Chartered Accountants

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

CURRENT ASSETS

Stocks

57,907

96,736

Debtors

4

1,461,042

1,515,295

1,518,949

1,612,031

CREDITORS

Amounts falling due within one year

5

277,782

335,316

NET CURRENT ASSETS

1,241,167

1,276,715

TOTAL ASSETS LESS CURRENT LIABILITIES

1,241,167

1,276,715

CAPITAL AND RESERVES

Called up share capital

1,000,000

1,000,000

Retained earnings

241,167

276,715

SHAREHOLDERS' FUNDS

1,241,167

1,276,715

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 11 July 2025 and were signed on its behalf by:

J M Serra Permanyer - Director

1.	STATUTORY INFORMATION

Ficosa International 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.

Related party exemption

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.

Turnover

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

67,338

118,467

Amounts owed by group undertakings

1,198,011

1,293,491

Other debtors

195,693

103,337

1,461,042

1,515,295

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

2,273

26,473

Amounts owed to group undertakings

224,513

216,782

Taxation and social security

59,088

11,215

Other creditors

(8,092

)

80,846

277,782

335,316

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

The Report of the Auditors was unqualified.

Alex Chandler FCA MAAT (Senior Statutory Auditor)

for and on behalf of Sygma Chartered Accountants

7.	RELATED PARTY DISCLOSURES

The company's entire share capital is owned by Ficosa International S.A. which is incorporated in Spain. Whilst Ficosa International S.A. is the company's ultimate parent, in the opinion of the directors no one individual controls the company.

Copies of the consolidated accounts of the group are available from Ficosa International S.A., Ficosa Viladecavalls, Poligono Industiral can Mitjans, 08232 Viladecavalls, Barcelona, Spain.