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REGISTERED NUMBER: 14743125 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31 December 2024

for

AGRAMKOW UK LTD

AGRAMKOW UK LTD (Registered number: 14743125)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


AGRAMKOW UK LTD

Company Information
for the Year Ended 31 December 2024







DIRECTOR: P J Glover





REGISTERED OFFICE: Unit A Windmill Industrial Estate
Sutton Road, Wigginton
York
United Kingdom
YO32 3RA





REGISTERED NUMBER: 14743125 (England and Wales)





AUDITORS: Krogh & Partners Limited, (Statutory Auditor)
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

AGRAMKOW UK LTD (Registered number: 14743125)

Report of the Director
for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providing service for high-tech processing equipment for the appliance industries and solutions for environmental projects under the Montreal and Kyoto protocols, produced by AGRAMKOW Fluid Systems A/S.

DIRECTORS
The directors who have held office during the period from 1 January 2024 to the date of this report are as follows:

J Rosenhoj Jorgensen - appointed 6 June 2024
P J Glover - appointed 6 June 2024
R E Hunter - resigned 11 June 2024
A J Richards - resigned 8 April 2024
T B O'Sullivan - resigned 11 June 2024

J Rosenhoj Jorgensen ceased to be a director after 31 December 2024 but prior to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Krogh & Partners Limited, (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.


AGRAMKOW UK LTD (Registered number: 14743125)

Report of the Director
for the Year Ended 31 December 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:



P J Glover - Director


15 May 2025

Report of the Independent Auditors to the Members of
AGRAMKOW UK LTD (Registered number: 14743125)

Opinion
We have audited the financial statements of AGRAMKOW UK LTD (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
AGRAMKOW UK LTD (Registered number: 14743125)


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge of the business;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

Report of the Independent Auditors to the Members of
AGRAMKOW UK LTD (Registered number: 14743125)

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims;
- reviewing correspondence with HMRC and relevant regulators

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




John Lindegaard (Senior Statutory Auditor)
for and on behalf of Krogh & Partners Limited, (Statutory Auditor)
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

15 May 2025

AGRAMKOW UK LTD (Registered number: 14743125)

Income Statement
for the Year Ended 31 December 2024

Year Ended Period
31.12.24 20.3.23 to 31.12.23
Notes £    £    £   

TURNOVER 484,996 -

Other operating income 27,844 -
512,840 -

Raw materials and consumables 184,535 -
328,305 -

Staff costs 3 207,482 -
Depreciation 83,628 -
Other operating expenses 116,495 -
407,605 -
OPERATING LOSS (79,300 ) -

Interest receivable and similar income 33,438 -
(45,862 ) -

Interest payable and similar expenses 4 51,222 -
LOSS BEFORE TAXATION (97,084 ) -

Tax on loss 5 (10,600 ) -
LOSS FOR THE FINANCIAL YEAR (86,484 ) -

AGRAMKOW UK LTD (Registered number: 14743125)

Other Comprehensive Income
for the Year Ended 31 December 2024

Period
20.3.23
Year Ended to
31.12.24 31.12.23
Notes £    £   

LOSS FOR THE YEAR (86,484 ) -


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(86,484

)

-

AGRAMKOW UK LTD (Registered number: 14743125)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 6 1,580,796 -
Tangible assets 7 - -
1,580,796 -

CURRENT ASSETS
Stocks 22,904 -
Debtors 8 463,520 100
Cash at bank 101,289 -
587,713 100
CREDITORS
Amounts falling due within one year 9 565,294 -
NET CURRENT ASSETS 22,419 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,603,215

100

CREDITORS
Amounts falling due after more than one
year

10

1,689,599

-
NET (LIABILITIES)/ASSETS (86,384 ) 100

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (86,484 ) -
SHAREHOLDERS' FUNDS (86,384 ) 100

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:





P J Glover - Director


AGRAMKOW UK LTD (Registered number: 14743125)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 100 - 100
Balance at 31 December 2023 100 - 100

Changes in equity
Total comprehensive income - (86,484 ) (86,484 )
Balance at 31 December 2024 100 (86,484 ) (86,384 )

AGRAMKOW UK LTD (Registered number: 14743125)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

AGRAMKOW UK LTD 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.

Going concern
The financial statements have been prepared on the going concern basis as a parent company has agreed to provide the Company with adequate funds to meet its liabilities as they fall due. The directors have no reason to believe that this financial support will not continue in the future and therefore they consider it appropriate to adopt a going concern basis.

Turnover
Turnover from the sale of software, services and installation work is recognised when work has been carried out and the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Expenditure
Expenditures include expenses relating to the Entity's ordinary activities, including expenses for salaries, premises, stationery and office supplies, etc.

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

Staff costs
Staff costs comprise salaries and wages, and social security contributions, pension contributions, etc. for entity staff.

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.

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.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2024, is being amortised evenly over its estimated useful life of ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement.

AGRAMKOW UK LTD (Registered number: 14743125)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Intangible assets
Other intangible assets, being trademark identified in connection with the acquisition of the business in 2024, are initially recognised at cost. After initial recognition, other intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangibles are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are initially recognised at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses.

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

Fixtures and fittings - Straight line over 3 years

Stocks
Stocks are measured at the lower of cost and net realisable value. Cost consists of purchase price plus delivery cost. The net realisable value of stocks is calculated as the estimated selling price less costs incurred to execute sale.

Debtors
Debtors are valued individually and these are made provision according to this valuation.

Cash at bank
Cash at bank include deposits held at call with banks.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.

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 4 (2023 - NIL ) .

AGRAMKOW UK LTD (Registered number: 14743125)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
20.3.23
Year Ended to
31.12.24 31.12.23
£    £   
Interest expenses group
undertakings 50,275 -
Other interest expenses 947 -
51,222 -

5. TAXATION

Analysis of the tax credit
The tax credit on the loss for the year was as follows:
Period
20.3.23
Year Ended to
31.12.24 31.12.23
£    £   
Deferred tax (10,600 ) -
Tax on loss (10,600 ) -

6. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 1,568,065 95,930 1,663,995
At 31 December 2024 1,568,065 95,930 1,663,995
AMORTISATION
Charge for year 78,403 4,796 83,199
At 31 December 2024 78,403 4,796 83,199
NET BOOK VALUE
At 31 December 2024 1,489,662 91,134 1,580,796

AGRAMKOW UK LTD (Registered number: 14743125)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Disposals (4,414 )
Transfer to ownership 4,414
At 31 December 2024 -
DEPRECIATION
Charge for year 429
Eliminated on disposal (3,073 )
Transfer to ownership 2,644
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 313,128 -
Amounts owed by group undertakings 138,729 -
Other debtors - 100
Tax 10,600 -
Prepayments 1,063 -
463,520 100

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 44,687 -
Amounts owed to group undertakings 413,545 -
Social security and other taxes 9,873 -
VAT 33,826 -
Other creditors 5,550 -
Accruals and deferred income 57,813 -
565,294 -

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,689,599 -

The total amount falling due after five years is £1,689,599.

AGRAMKOW UK LTD (Registered number: 14743125)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

12. OTHER FINANCIAL COMMITMENTS

At 31 December 2024 the company had commitments under non-cancellable operating leases totalling £8,424 (31 December 2023 - £NIL).

13. RELATED PARTY DISCLOSURES

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.

14. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is AGRAMKOW FLUID SYSTEMS A/S, a company incorporated and registered in Denmark.

AGRAMKOW Holding ApS (incorporated in Denmark) is the smallest group to consolidate these financial statements and copies can be obtained from:

AGRAMKOW Holding ApS
Augustenborg Landevej 19
Ulkebøl
6400 Sønderborg
Denmark