REGISTERED NUMBER: 01269080 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

BUK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G W Wells

R T Lupawka

REGISTERED OFFICE:

Unit 46 Symonds Farm

Newmarket Road Risby

Bury St Edmunds

Suffolk

IP28 6RE

REGISTERED NUMBER:

01269080 (England and Wales)

AUDITORS:

Shaw & Co (Norfolk) Ltd

Chartered Certified Accountants

Statutory Auditor

3 Colegate

Norwich

Norfolk

NR3 1BN

FIXED ASSETS

Tangible assets

4

13,628

28,105

Investments

5

-

2

13,628

28,107

CURRENT ASSETS

Stocks

770,125

783,692

Debtors

6

298,363

251,876

Cash at bank and in hand

913

33,675

1,069,401

1,069,243

CREDITORS

Amounts falling due within one year

7

900,243

671,944

NET CURRENT ASSETS

169,158

397,299

TOTAL ASSETS LESS CURRENT LIABILITIES

182,786

425,406

CREDITORS

Amounts falling due after more than one year

8

-

16,334

NET ASSETS

182,786

409,072

CAPITAL AND RESERVES

Called up share capital

432,432

432,432

Retained earnings

(249,646

)

(23,360

)

182,786

409,072

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 Income Statement has not been delivered.

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

Ms M Kiernozek - Director

A R Pisarzewski - Director

1.	STATUTORY INFORMATION

BUK Limited 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.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings (leasehold) - fully depreciated

Plant and equipment - 20% straight line

Fixtures and fittings - 20% straight line

Computer equipment - 33% straight line

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises the purchase price of goods and, where applicable, import duties, carriage and other costs directly attributable to bringing the goods to their present location and condition.

Net realisable value represents the estimated selling price less any costs expected to be incurred in completing and selling the goods. Provision is made, where necessary, for obsolete, slow moving and damaged stocks.

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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The company incurred a loss of £226,285 for the year ended 31 December 2025 and at that date had net current assets of £169,158.

In assessing the appropriateness of the going concern basis the directors have considered the companys financial position, its current level of trading and the continued financial and operational support available from its immediate parent undertaking, Paged Meble Sp. z o.o.

Paged Meble Sp. z o.o. has confirmed its intention to continue providing financial support to the company for a period of not less than 18 months from the date of its undertaking. This includes providing sufficient financial resources to enable the company to pay its liabilities as they fall due and not seeking repayment of amounts due to it where doing so would result in the company being unable to meet its other liabilities.

Having regard to the above the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

185,095

491,984

677,079

Additions

-

3,362

3,362

At 31 December 2025

185,095

495,346

680,441

DEPRECIATION

At 1 January 2025

185,095

463,879

648,974

Charge for year

-

17,839

17,839

At 31 December 2025

185,095

481,718

666,813

NET BOOK VALUE

At 31 December 2025

-

13,628

13,628

At 31 December 2024

-

28,105

28,105

5.	FIXED ASSET INVESTMENTS

During the year Verdon Grey Limited and Zumcontract Limited, in each of which the company held one £1 ordinary share, were dissolved.

As a result the investments which had an aggregate carrying value of £2, were written off and the resulting loss recognised in the Income Statement.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

260,623

175,233

Other debtors

37,740

76,643

298,363

251,876

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

284,328

323,857

Hire purchase contracts

-

2,832

Trade creditors

95,956

108,559

Taxation and social security

87,540

80,028

Other creditors

432,419

156,668

900,243

671,944

Included within Other creditors is an amount of £432,419 (2024: £156,668) due to the companys immediate parent undertaking, Paged Meble Sp. z o.o.

The parent undertaking has confirmed that it does not intend to seek repayment of amounts due to it where doing so would result in the company being unable to meet its other liabilities as they fall due.

The parent undertaking has also confirmed its intention to continue providing financial support to the company for a period of not less than 18 months from the date of its undertaking.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

16,334

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

267,994

295,857

The companys bank borrowings are secured by a debenture in favour of HSBC Bank plc, incorporating fixed and floating charges over the undertaking and all property and assets of the company, both present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

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

The Report of the Auditors was unqualified.

Dominic Shaw (Senior Statutory Auditor)

for and on behalf of Shaw & Co (Norfolk) Ltd

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available under FRS 102 from disclosing transactions entered into with wholly owned members of the same group.

The companys immediate parent undertaking is Paged Meble Sp. z o.o.

12.	ULTIMATE CONTROLLING PARTY

The companys immediate parent undertaking is Paged Meble Sp. z o.o., a company registered in Poland. The ultimate parent undertaking is Thumos Capital Limited, a company incorporated in Cyprus.

The ultimate controlling party is Daniel Mzyk by virtue of his control of Thumos Capital Limited.

The group financial statements of Thumos Capital Limited may be obtained from the Department of the Registrar of Companies and Official Receiver of the Republic of Cyprus at Corner of Makarios Avenue and Karpenisiou Street, Nicosia 1427, Cyprus.