REGISTERED NUMBER: 01506567 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Markilux (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T Honemann

Mr H J Roberts

SECRETARY:

Mr O Melz

REGISTERED OFFICE:

Office 27 Red Hill House

Hope Street

Chester

Cheshire

CH4 8BU

REGISTERED NUMBER:

01506567 (England and Wales)

AUDITORS:

Bennett Brooks & Co Limited

Chartered Accountants

& Statutory Auditors

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Tangible assets

4

56,621

60,167

CURRENT ASSETS

Debtors

5

325,515

254,831

Cash at bank and in hand

224,814

165,356

550,329

420,187

CREDITORS

Amounts falling due within one year

6

(387,510

)

(106,954

)

NET CURRENT ASSETS

162,819

313,233

TOTAL ASSETS LESS CURRENT LIABILITIES

219,440

373,400

PROVISIONS FOR LIABILITIES

(14,155

)

(15,042

)

NET ASSETS

205,285

358,358

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

204,285

357,358

205,285

358,358

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr T Honemann - Director

1.	STATUTORY INFORMATION

Markilux (UK) Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of a designer awnings retailer for patios, gardens and balconies.

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.

Turnover is recognised when the risks and rewards of ownership pass to the customer, which is generally on dispatch.

Tangible fixed assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation on all assets is calculated to allocate the depreciable amount to their residual values on a systematic basis over their estimated useful lives or, if held on a finance lease, over the lease term, whichever is shorter, as follows:

Plant and machinery - 33% straight line

Fixtures and fittings - 10% to 33% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument, and are offset only when the company currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Trade and other debtors

Trade and other debtors which are receivable within one year are initially measured at the transaction price. Trade and other debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled in impairment losses.

A provision for impairment of debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

Financial liabilities and equity

Financial instruments are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade, group and other creditors

Trade, group and other creditors (including accruals) payable within one year are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Pension costs and other post-retirement benefits

The company contributes to a work place defined contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss statement in the period to which they relate.

Going concern

The directors, having taken into account the financial support from the parent company, have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approving these financial statements, due to continued financial support of the parent company SW-Holding GmbH. The directors have received confirmation that SW-Holding GmbH will provide financial support to the company which will include not seeking the repayment of amounts advanced to the Company by the parent and other members of the Parent's Group for at least 12 months after the date of approving these financial statements. Management expects that this will be sufficient to maintain the company's financial balance. The company therefore continues to adopt the going concern basis in preparing these financial statements.

Share capital

Ordinary shares are classed as equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

36,378

54,844

91,222

Additions

14,640

3,207

17,847

Disposals

-

(1,347

)

(1,347

)

At 31 December 2024

51,018

56,704

107,722

DEPRECIATION

At 1 January 2024

16,996

14,059

31,055

Charge for year

13,089

7,714

20,803

Eliminated on disposal

-

(757

)

(757

)

At 31 December 2024

30,085

21,016

51,101

NET BOOK VALUE

At 31 December 2024

20,933

35,688

56,621

At 31 December 2023

19,382

40,785

60,167

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

271,742

239,650

Amounts owed by group undertakings

3,315

-

Other debtors

50,458

15,181

325,515

254,831

Included in trade debtors is a bad debt provision of £31,638 (2023: £35,069)

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

6,247

17,171

Amounts owed to group undertakings

277,321

585

Taxation and social security

73,661

74,565

Other creditors

30,281

14,633

387,510

106,954

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

9,032

95,349

Between one and five years

555

5,163

9,587

100,512

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

The Report of the Auditors was unqualified.

Matthew Bailey BSc (Hons) ACA (Senior Statutory Auditor)

for and on behalf of Bennett Brooks & Co Limited

9.	ULTIMATE CONTROLLING PARTY

Markilux (UK) Limited is a 100% subsidiary of Schmitz-Werke GmbH + Co. KG. This company's registered address is Hansestr., 87, 48282 Emsdetten, Germany.

The immediate parent company is SW-Holding GmbH.

The ultimate controlling party is Ms J Schmitz by virtue of her majority shareholding in Schmitz-Werke GmbH + Co. KG.