REGISTERED NUMBER: 01025224 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2025 TO 31 DECEMBER 2025

FOR

VANDAPOWER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Aelvoet

S Uitterhaegen

Vandapower Group NV

REGISTERED OFFICE:

Unit 4 Spring Business Park

Stanbridge Road

Havant

Hampshire

PO9 2GJ

REGISTERED NUMBER:

01025224 (England and Wales)

AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

FIXED ASSETS

Tangible assets

4

24,018

28,848

CURRENT ASSETS

Stocks

5

1,282,153

988,238

Debtors

6

2,392,781

1,184,574

Cash at bank

32,147

33,649

3,707,081

2,206,461

CREDITORS

Amounts falling due within one year

7

2,360,305

894,714

NET CURRENT ASSETS

1,346,776

1,311,747

TOTAL ASSETS LESS CURRENT LIABILITIES

1,370,794

1,340,595

CREDITORS

Amounts falling due after more than one year

8

-

(1,745

)

PROVISIONS FOR LIABILITIES

11

(6,004

)

(7,212

)

NET ASSETS

1,364,790

1,331,638

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,364,788

1,331,636

1,364,790

1,331,638

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 12 August 2026 and were signed on its behalf by:

D Aelvoet - Director

S Uitterhaegen - Director

1.	STATUTORY INFORMATION

Vandapower 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.

The financial statements have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Shortened period

The financial statements have been prepared for a 9 month period. The prior period was 15 months, therefore the prior period balances are not directly comparable.

Going concern

The company relies on support from the parent company. Vandapower Group NV has confirmed it intends to continue to provide financial support to enable Vandapower Limited to meet its obligations as they fall due, for at least 12 months from the date of approval of these financial statements. The directors are confident that Vandapower Group NV has sufficient resources to provide a sufficient level of support.

At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis in preparing the financial statements.

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 represents net invoiced sales of goods, excluding value added tax.

Turnover from the sale of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer, the amount of turnover can be measured reliably, it is probable that the company will receive the consideration due under the transaction and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, on an average costing basis incorporating a calculation of some absorption of transport and customs costs, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation

Taxation for the period 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 period 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.

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.

Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employees services are received.

Termination benefits are recognised immediately as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future period for.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Stock valuation

Despite significant ageing of some items of stock held at the period end, the directors believe that no provision for slow moving or obsolete stocks are required in the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 December 2025

22,577

24,983

1,916

49,476

DEPRECIATION

At 1 April 2025

12,980

5,901

1,747

20,628

Charge for period

2,787

1,874

169

4,830

At 31 December 2025

15,767

7,775

1,916

25,458

NET BOOK VALUE

At 31 December 2025

6,810

17,208

-

24,018

At 31 March 2025

9,597

19,082

169

28,848

5.

STOCKS

2025

2025

£

£

Stocks

1,282,153

988,238

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade debtors

416,640

910,729

Amounts owed by group undertakings

1,806,412

133,311

Other debtors

-

903

VAT

147,337

107,148

Prepayments and accrued income

22,392

32,483

2,392,781

1,184,574

Included within trade debtors are amounts owed by group undertakings from normal trading activities of £Nil (March 2025: £573,749). These have been included in amounts owed by group undertakings at this period end.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Bank loans and overdrafts (see note 9)

4,386

10,463

Trade creditors

827,839

762,497

Amounts owed to group undertakings

1,449,744

22,874

Corporation Tax

34,601

75,136

Social security and other taxes

7,132

-

Accrued expenses

36,603

23,744

2,360,305

894,714

Included within trade creditors are amounts owed to group undertakings from normal trading activities of £Nil (March 2025: £366,778). These have been included in amounts owed to group undertakings at this period end.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2025

£

£

Bank loans (see note 9)

-

1,745

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

4,386

10,463

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

1,745

The bank loan was received under the Bounce Back Loan Scheme. A full guarantee has been provided by the UK Government. Interest is charged on the loan at 2.5% per annum.

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases due are £60,035 (March 2025: £101,135).

11.	PROVISIONS FOR LIABILITIES

2025

2025

£

£

Deferred tax

6,004

7,212

Deferred tax

£

Balance at 1 April 2025

7,212

Credit to Income Statement during period

(1,208

)

Balance at 31 December 2025

6,004

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

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

13.	POST BALANCE SHEET EVENTS

After the period end the company entered into a lease of the warehouse and office space for a term of 5 years at a rent of £70,951 per annum, with a rent free period of 4 months.