MAKEEN Gas Equipment UK Limited

Audited Financial Statements for the Year Ended 31 December 2025

DIRECTORS:

T J Davies

C Fredberg

S Mikkelsen

REGISTERED OFFICE:

Phoenix Way

Garngoch Industrial Estate

Gorseinon

Swansea

SA4 9WF

REGISTERED NUMBER:

02536725 (England and Wales)

SENIOR STATUTORY
AUDITOR:

Nicholas Matthew Toye FCA

AUDITORS:

BPU Limited

Chartered Accountants

Statutory Auditor

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

FIXED ASSETS

Tangible assets

4

127,979

90,962

CURRENT ASSETS

Stocks

1,290,573

1,032,277

Debtors

5

838,358

974,403

Cash at bank and in hand

515,246

438,815

2,644,177

2,445,495

CREDITORS

Amounts falling due within one year

6

799,588

1,025,208

NET CURRENT ASSETS

1,844,589

1,420,287

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,972,568

1,511,249

PROVISIONS FOR LIABILITIES

12,600

6,200

NET ASSETS

1,959,968

1,505,049

CAPITAL AND RESERVES

Called up share capital

15,100

Retained earnings

1,944,868

1,489,949

SHAREHOLDERS' FUNDS

1,959,968

1,505,049

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

S Mikkelsen - Director

1.	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.

Preparation of consolidated financial statements

The financial statements contain information about MAKEEN Gas Equipment UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Makeen ProSupply ApS, Alsvej 21, DK-8940 Randers SV.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

5% straight line

Plant and machinery

-

10% & 20% straight line

Fixtures and fittings

-

between 10% and 50% straight line

Motor vehicles

-

25% straight line

Computer equipment

-

between 10% and 50% straight line

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the average cost method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Pension costs

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 32 ) .

3.	AUDITORS' REMUNERATION

2025

2024

£

Fees payable to the company's auditors for the audit of the
company's financial statements

16,930

16,500

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2025

281,126

125,022

19,405

Additions

12,008

-

At 31 December 2025

293,134

125,022

19,405

DEPRECIATION

At 1 January 2025

214,832

113,900

19,390

Charge for year

649

3,963

15

At 31 December 2025

215,481

117,863

19,405

NET BOOK VALUE

At 31 December 2025

77,653

7,159

-

At 31 December 2024

66,294

11,122

15

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

-

113,254

538,807

Additions

12,800

24,325

49,133

At 31 December 2025

12,800

137,579

587,940

DEPRECIATION

At 1 January 2025

-

99,723

447,845

Charge for year

533

6,956

12,116

At 31 December 2025

533

106,679

459,961

NET BOOK VALUE

At 31 December 2025

12,267

30,900

127,979

At 31 December 2024

-

13,531

90,962

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

743,289

709,603

Amounts recoverable on contract

24,135

167,476

Other debtors & prepayments

70,934

97,324

838,358

974,403

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

479,314

586,369

Taxes & social security costs

190,845

181,029

Other creditors & accruals

129,429

257,810

799,588

1,025,208

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

The Report of the Auditors was unqualified.

Nicholas Matthew Toye FCA (Senior Statutory Auditor)

for and on behalf of BPU Limited

8.	FINANCIAL COMMITMENTS

The company had total financial commitments of £208,507 (2024 - £256,575) at the balance sheet date.

9.	IMMEDIATE AND ULTIMATE PARENT UNDERTAKING

The company's immediate parent undertaking at the balance sheet date was Makeen Gas Equipment ApS, a company registered in Denmark. The company's ultimate parent undertaking at the balance sheet date was Al-Ayuni Investment & Contracting Company, a company registered in Saudi Arabia.