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Registered number: 09091258 BIRKETT BOGMATS LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 DECEMBER 2025
BIRKETT BOGMATS LIMITED REGISTERED NUMBER: 09091258 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 31 December |  | 30 June
|  | 2025 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 48,274 |  | 54,980
Current assets |  |  |  |  |
Stocks |  | 788,210 |  | 640,604 |
Debtors: amounts falling due within one year | 6 | 473,706 |  | 535,410 |
Cash at bank and in hand | 7 | 324,027 |  | 949,496 |
|  | 1,585,943 |  | 2,125,510 |
Creditors: amounts falling due within one year | 8 | (578,734) |  | (876,300) |
Net current assets |  |  | 1,007,209 |  | 1,249,210
Net assets |  |  | 1,055,483 |  | 1,304,190
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 2 |  | 2
Profit and loss account |  |  | 1,055,481 |  | 1,304,188
|  |  | 1,055,483 |  | 1,304,190
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Mr D R Barton
Director
Date: 10 March 2026
Page 1
BIRKETT BOGMATS LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 DECEMBER 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 July 2024 | 2 | 1,859,804 | 1,859,806
Comprehensive income for the year |  |  |
Profit for the year | - | 944,384 | 944,384
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (1,500,000) | (1,500,000)
At 1 July 2025 | 2 | 1,304,188 | 1,304,190
Comprehensive income for the period |  |  |
Profit for the period | - | 427,793 | 427,793
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (676,500) | (676,500)
At 31 December 2025 | 2 | 1,055,481 | 1,055,483
| The notes on pages 3 to 13 form part of these financial statements.
Page 2
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
1. | General information
Birkett Bogmats Limited is a private company, limited by shares, registered in England and Wales within the United Kingdom. The Company's registered office is Imperial & Whitehall, 23 Colmore Row, Birmingham, England, B3 2BS. The financial statements have been prepared for the 6 months period from 1 July 2025 to 31 December 2025 hence the figures presented are not directly comparable. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP, rounded to the nearest £1. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue 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. Hire of stock The Company hires out stock to customers under short and medium term hire arrangements. Related income is recognised on a straight-line basis over the period of hire, reflecting the pattern in which the customer received the benefit of the asset. Invoices are typically raised in advance for the hire periods so appropriate adjustments are made for accrued and deferred income.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.9 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.10 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Page 5
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.11 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | 0% on cost
|  |  |  | Plant and machinery | - | 20% on cost
|  |  |  | Fixtures and fittings | - | 20% on cost
|  |  |  | Office equipment | - | 33% on cost
|  |  |  | Buildings | - | 20% on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.12 | Stocks
Stocks are valued based on average cost paid during the year. Cost includes all costs of purchae, including costs to bring stock to its present location and condition. At each balance sheet date, stocks are assessed for impairment. If stock is 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.
| 2.13 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.14 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.15 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 6
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Financial liabilities 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Page 7
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.17 | Related party exemption
The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Report Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
| 2.18 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the period was 7 (year ended 30 June 2025 - 6).
Page 8
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 July 2025 | 17,500
| At 31 December 2025 | 17,500
| Amortisation |
| At 1 July 2025 | 17,500
| At 31 December 2025 | 17,500
| Net book value |
| At 31 December 2025 | -
| At 30 June 2025 | -
Page 9
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Fixtures and fittings | Office equipment | Buildings | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 July 2025 | 4 | 61,778 | 14,157 | 8,455 | 39,837 | 124,231
| Additions | - | - | - | 1,050 | - | 1,050
| Disposals | (4) | - | - | - | - | (4)
| At 31 December 2025 | - | 61,778 | 14,157 | 9,505 | 39,837 | 125,277
| Depreciation |  |  |  |  |  |
| At 1 July 2025 | - | 34,857 | 2,008 | 5,878 | 26,508 | 69,251
| Charge for the period | - | 3,550 | 1,415 | 1,030 | 1,757 | 7,752
| At 31 December 2025 | - | 38,407 | 3,423 | 6,908 | 28,265 | 77,003
| Net book value |  |  |  |  |  |
| At 31 December 2025 | - | 23,371 | 10,734 | 2,597 | 11,572 | 48,274
| At 30 June 2025 | 4 | 26,921 | 12,149 | 2,577 | 13,329 | 54,980
6. | Debtors
|  |  |  |  | 31 December | 30 June
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Trade debtors | 436,461 | 489,674
| Other debtors | 21,150 | 21,150
| Prepayments and accrued income | 16,095 | 24,586
|  | 473,706 | 535,410
Page 10
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
7. | Cash and cash equivalents
|  |  |  |  | 31 December | 30 June
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 324,027 | 949,496
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 December | 30 June
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Trade creditors | 259,951 | 258,433
| Corporation tax | 145,500 | 214,658
| Other taxation and social security | 149,887 | 145,988
| Other creditors | 1,689 | 227,046
| Accruals and deferred income | 21,707 | 30,175
|  | 578,734 | 876,300
9. | Share capital
|  |  |  |  | 31 December | 30 June
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2025 - 1) Ordinary share of £1.00 | 1 | 1
|  | 1 (2025 - 1) Dividend share of £1.00 | 1 | 1
|  |  | 2 | 2
| During the period ended 31 December 2025, 2 Ordinary shares of £1 each were transferred to Teqnion AB from Juanita and Lee Andrew Watts.
10. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,888 (June 2025: £5,700). Contributions totalling £Nil (June 2025: £1,041) were payable to the fund at the balance sheet date and are included in creditors. Page 11
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
11. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 31 December | 30 June
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Not later than 1 year | 76,466 | 76,466
| Later than 1 year and not later than 5 years | 172,043 | 210,282
|  | 248,509 | 286,748
12. | Related party transactions
| At the period-end, the Company had no balances outstanding with related parties.
13. | Ultimate controlling party
The ultimate controlling party is Teqnion AB, a company incorporated in Sweden.The Company's ultimate parent undertaking, the parent of the largest group of which the Company is a member and for which group financial statements are prepared, is Teqnion AB. The registered office address and principal place of business of Teqnion AB is Dalv ä gen 14, 169 56, Solna, Sweden. Page 12
BIRKETT BOGMATS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
14. | Auditors' information
The auditors' report on the financial statements for the period ended 31 December 2025 was qualified. The qualification in the audit report was as follows: Due to its acquisition by Teqnion AB, the Company is required to have its financial statements audited for the first time for the period ended 31 December 2025. Therefore, the comparative figures, for the period ended 30 June 2025, are unaudited. As this is the first year that the Company has had its financial statements audited, we are required to ensure that the opening position has not been materially misstated. As we were not appointed as auditor of the company until after 30 June 2025 we did not observe the counting of physical inventories at that date. We were unable to satisfy ourselves concerning the inventory quantities held as at 30 June 2025, which are included in the balance sheet at £640,604, by using other audit procedures. Consequently, we were unable to determine whether this amount was fairly stated and therefore we have been unable to conclude that the opening position has not been materially misstated. 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 Auditor's responsibilities for the 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 qualified opinion. The audit report was signed on 13 March 2026 by Katharine Halsall (Senior statutory auditor) on behalf of Caldwell Penn Limited.
Page 13