Silverfin false 15 January 2026 15 January 2026 Louise Smith CA Hall Morrice LLP 195,138 241,490 false true 31/12/2024 01/01/2024 31/12/2024 Lance D’Amico 01/12/2023 Craig Lampo 01/12/2023 15 January 2026 The principal activity of the company is that of the sale and rental of machinery and industrial equipment. SC714234 2024-12-31 SC714234 bus:Director1 2024-12-31 SC714234 bus:Director2 2024-12-31 SC714234 2023-12-31 SC714234 core:CurrentFinancialInstruments 2024-12-31 SC714234 core:CurrentFinancialInstruments 2023-12-31 SC714234 core:ShareCapital 2024-12-31 SC714234 core:ShareCapital 2023-12-31 SC714234 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC714234 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC714234 core:OtherPropertyPlantEquipment 2023-12-31 SC714234 core:OtherPropertyPlantEquipment 2024-12-31 SC714234 bus:OrdinaryShareClass1 2024-12-31 SC714234 2024-01-01 2024-12-31 SC714234 bus:FilletedAccounts 2024-01-01 2024-12-31 SC714234 bus:SmallEntities 2024-01-01 2024-12-31 SC714234 bus:Audited 2024-01-01 2024-12-31 SC714234 2022-11-01 2023-12-31 SC714234 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC714234 bus:Director1 2024-01-01 2024-12-31 SC714234 bus:Director2 2024-01-01 2024-12-31 SC714234 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-01-01 2024-12-31 SC714234 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-01-01 2024-12-31 SC714234 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 SC714234 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC714234 bus:OrdinaryShareClass1 2022-11-01 2023-12-31 SC714234 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC714234 (Scotland)

# MARPORT UK LTD

### Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MARPORT UK LTD

## Financial Statements

For the financial year ended 31 December 2024

Contents

MARPORT UK LTD

## BALANCE SHEET

As at 31 December 2024
MARPORT UK LTD

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 31.12.2024 |  | 31.12.2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 134,362 |  | 88,270
|  | 134,362 |  | 88,270
Current assets |  |  |  |
Stocks |  | 393,129 |  | 601,576
Debtors | 4 | 241,201 |  | 152,786
Cash at bank and in hand |  | 119,527 |  | 301,704
|  | 753,857 |  | 1,056,066
Creditors: amounts falling due within one year | 5 | ( 1,550,030) |  | ( 1,611,009)
Net current liabilities |  | (796,173) |  | (554,943)
Total assets less current liabilities |  | (661,811) |  | (466,673)
Net liabilities |  | ( 661,811) |  | ( 466,673)
Capital and reserves |  |  |  |
Called-up share capital | 6 | 1,000 |  | 1,000
Profit and loss account |  | ( 662,811 ) |  | ( 467,673 )
Total shareholder's deficit |  | ( 661,811) |  | ( 466,673)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Marport UK Ltd (registered number: SC714234) were approved and authorised for issue by the Board of Directors on 15 January 2026. They were signed on its behalf by:

Craig Lampo Director |

MARPORT UK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MARPORT UK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Marport UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is Unit 9 Dales Industrial Estate, Peterhead, AB42 3JF, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The company has taken advantage of the exemption not to disclose details of transactions and balances with other members of the group.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade. This assumption is based upon assurances received from the group that it is their intention to provide such assistance as is required to enable the company to meet its financial commitments. If the company were unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.
The going concern assumption is based upon confirmation of support from the ultimate parent company of Marport UK Ltd. A letter of support has been provided which confirms that the ultimate parent company, will continue to support the company by not demanding repayment of any amounts loaned to the company as well as providing sufficient funding and financial support as required to enable Marport UK Ltd to discharge all its liabilities and continue as a going concern for a minimum period of at least 12 months from the date of signing the audited financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 2 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

##### Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
A provision is made for obsolete, slow-moving, or defective inventory where the estimated net realisable value is lower than cost. The provision is reviewed at each reporting date and adjusted to reflect the most recent information regarding the recoverability of inventory items.
Factors considered in determining whether a provision is required include:
•Items held in inventory for an extended period without movement;
•Inventory that is no longer saleable due to damage or obsolescence;
•Changes in market conditions or demand;
•Historical write-off trends and expected future losses.
Write-downs to net realisable value are recognised as an expense in the period in which the loss occurs. If circumstances that previously caused inventories to be written down below cost no longer exist, the amount of the write-down is reversed.

#### 2. Employees

| Year ended 31.12.2024 |  | Period from 01.11.2022 to 31.12.2023
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 7 |  | 7

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2024 | 110,140 |  | 110,140
Additions | 77,141 |  | 77,141
At 31 December 2024 | 187,281 |  | 187,281
Accumulated depreciation |  |  |
At 01 January 2024 | 21,870 |  | 21,870
Charge for the financial year | 31,049 |  | 31,049
At 31 December 2024 | 52,919 |  | 52,919
Net book value |  |  |
At 31 December 2024 | 134,362 |  | 134,362
At 31 December 2023 | 88,270 |  | 88,270

#### 4. Debtors

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Trade debtors | 177,455 |  | 140,082
Amounts owed by group undertakings | 50,265 |  | 0
Other debtors | 13,481 |  | 12,704
| 241,201 |  | 152,786

#### 5. Creditors: amounts falling due within one year

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Trade creditors | 13,087 |  | 767
Amounts owed to group undertakings | 1,489,550 |  | 1,573,076
Other taxation and social security | 22,363 |  | 27,808
Other creditors | 25,030 |  | 9,358
| 1,550,030 |  | 1,611,009

#### 6. Called-up share capital

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 Ordinary shares of £ 1.00 each | 1,000 |  | 1,000

#### 7. Financial commitments

Commitments

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 58,500 |  | 15,000

#### 8. Related party transactions

Other related party transactions

During the year, related parties of the company made repayments of £1,617 (2023 - £4,530). As at 31 December 2024 the related parties owed the company £Nil (2023 - £1,617). These loans were interest free and were repayable in 24 monthly instalments.
During the year, a former director made repayments of £1,872 (2023 - £7,442). As at 31 December 2024 , a former director owed the company £Nil (2023 - £1,872). The loan was interest free and was repayable in 24 monthly instalments.

#### 9. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Louise Smith CA on behalf of Hall Morrice LLP.

#### 10. Ultimate controlling party

The immediate parent company is Airmar Corporation, a company incorporated in the United States of America, by virtue of that company owning 100% of the Ordinary shares in the company.
The ultimate controlling party and largest group to consolidate these financial statements is Amphenol Corporation. The principal place of business is 358 Hall Avenue, Wallingford, CT 06492, United States of America, and the financial statements are publicly available from this address.