Registration number: 04358743

Pemsa UK Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Pemsa UK Limited

(Registration number: 04358743)
Balance Sheet as at 31 December 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	6		10,092		10,696
Current assets
Stocks	7	1,346,561		1,600,186
Debtors	8	1,883,230		1,969,256
Cash at bank and in hand		870,739		811,358
		4,100,530		4,380,800
Creditors: Amounts falling due within one year	9	(1,855,259)		(2,044,398)
Net current assets			2,245,271		2,336,402
Total assets less current liabilities			2,255,363		2,347,098
Provisions for liabilities			(2,523)		(2,674)
Net assets			2,252,840		2,344,424
Capital and reserves
Called up share capital	10	1,500,000		1,500,000
Profit and loss account		752,840		844,424
Total equity			2,252,840		2,344,424

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 April 2026
 

......................................... Mr J.J. Martinez Domenech Company secretary and director

Pemsa UK Limited

Notes to the Financial Statements For The Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Sussex Avenue
Hunslet
Leeds
LS10 2LF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements show only transactions for Pemsa UK Limited.

Basis of preparation

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis. The company receives financial support from its parent undertaking which has confirmed its intention to continue this support.

Audit Report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 2 April 2026 was Julie M Konczyk BFP FCA FCCA, who signed on behalf of Farrar Smith Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

Pemsa UK Limited

Notes to the Financial Statements For The Year Ended 31 December 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% Reducing balance
Office equipment	33% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials and, where applicable any costs that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2024 - 13).

Pemsa UK Limited

Notes to the Financial Statements For The Year Ended 31 December 2025

4	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	5,500	5,200

 

5	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	2,542	4,098

6	Tangible assets

	Fixtures & fittings and office equipment  £	Total £
Cost or valuation
At 1 January 2025	47,589	47,589
Additions	1,938	1,938
At 31 December 2025	49,527	49,527
Depreciation
At 1 January 2025	36,893	36,893
Charge for the year	2,542	2,542
At 31 December 2025	39,435	39,435
Carrying amount
At 31 December 2025	10,092	10,092
At 31 December 2024	10,696	10,696

Pemsa UK Limited

Notes to the Financial Statements For The Year Ended 31 December 2025

7

Stocks

	2025 £	2024 £
Stocks	1,346,561	1,600,186

8

Debtors

Debtors: amounts falling due within one year	2025 £	2024 £
Trade debtors	1,674,923	1,821,073
Prepayments	121,007	76,653
Other debtors	87,300	71,530
	1,883,230	1,969,256

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	353,783	365,969
Amounts owed to group undertakings	1,129,694	1,126,465
Taxation and social security	229,503	425,346
Other creditors	142,279	126,618
	1,855,259	2,044,398

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,500,000	1,500,000	1,500,000	1,500,000

11	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,074,835 (2024 - £208,409). Vehicle Leases £62,335 (2024 : £10,909), Premises Rent £1,012,500 (2024 : £197,500)

Pemsa UK Limited

Notes to the Financial Statements For The Year Ended 31 December 2025

12	Related party transactions

Summary of transactions with parent

Pemsa Cable Management, S.A.U. - Parent company

Trading address and registered office of parent company is:

Polígono Industrial de La Garena
Calle Galileo Galilei, 22-24
28806 ALCALA DE HENARES
MADRID
During the period the company purchased goods from Pemsa Cable Management SAU its parent company, these were all concluded under normal market conditions and were all arms length transactions.

During the year administrative and management support was provided by the parent company with no charge being made.

13	Parent and ultimate parent undertaking

The company is a wholly owned subsidiary and it's immediate parent is Pemsa Cable Management SAU, incorporated in Spain.

 The ultimate parent is Coax Gestion SL, incorporated in Spain.