Vipal Europe Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08867843

Vipal Europe Limited

Filleted Financial Statements

For the year ended

31 December 2024

Vipal Europe Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Vipal Europe Limited

Officers and Professional Advisers

THE BOARD OF DIRECTORS	B D Schulz
	F Schmidt

REGISTERED OFFICE	6 Burgoyne Road
	London
	England
	N4 1AD

AUDITOR	Streets Audit LLP
	Chartered accountants & statutory auditor
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

BANKERS	Bankinter
	Av. de França, 38
	46023 València
	Valencia
	Spain

Vipal Europe Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Stocks		1,030,590	911,753
Debtors	5	1,599,639	1,829,978
Cash at bank and in hand		124,293	68,695
		------------	------------
		2,754,522	2,810,426

Creditors: amounts falling due within one year	6	2,135,316	2,326,644
		------------	------------
Net current assets		619,206	483,782
		---------	---------
Total assets less current liabilities		619,206	483,782
		---------	---------
Net assets		619,206	483,782
		---------	---------

Capital and reserves

Called up share capital	30,000	30,000
Profit and loss account	589,206	453,782
	---------	---------
Shareholders funds	619,206	483,782
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

F Schmidt

Director

Company registration number: 08867843

Vipal Europe Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Burgoyne Road, London, N4 AD, England. The trading address of the company is Av. Amado Granell Mesado, 75 - 10-B 46013, Valencia, Espana.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Cost is also based on the cost of purchase on a first in, first out basis. At the year end date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately through profit and loss.

4. Tax on profit

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	30,000	54,758
	--------	--------
Tax on profit	30,000	54,758
	--------	--------

5. Debtors

	2024	2023
	£	£
Trade debtors	1,599,238	1,829,577
Other debtors	401	401
	------------	------------
	1,599,639	1,829,978
	------------	------------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,956,778	2,045,012
Corporation tax	30,656	97,603
Social security and other taxes	137,882	174,029
Other creditors	10,000	10,000
	------------	------------
	2,135,316	2,326,644
	------------	------------

7. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	35,407	45,820
	--------	--------

8. Summary audit opinion

The auditor's report dated 29 September 2025 was unqualified .

The senior statutory auditor was Benjamin Halstead , for and on behalf of Streets Audit LLP .

9. Related party transactions

During the year the company purchased goods and services totalling £ 3,451,229 (2023: £3,773,176) from group companies, including £264,997 (2023: £307,110) of management charges. During the year the company sold goods totalling £ 13,748 (2023: £36,194) to group companies. At the year end the company owed £ 1,928,310 (2023: £2,014,263) to group companies, which is included within trade creditors.

10. Controlling party

The ultimate parent undertaking is Paludo Participacoes S.A . a company incorporated in Brazil. The immediate parent undertaking is Vipal Participadas Espana SL , a company incorporated in Spain.