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REGISTERED NUMBER: 07624382 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BIBUS METALS LTD

BIBUS METALS LTD (REGISTERED NUMBER: 07624382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


BIBUS METALS LTD (REGISTERED NUMBER: 07624382)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,004 42,293

CURRENT ASSETS
Stocks 639,614 871,008
Debtors 5 319,737 804,814
Cash at bank and in hand 210,186 196,260
1,169,537 1,872,082
CREDITORS
Amounts falling due within one year 6 355,079 287,922
NET CURRENT ASSETS 814,458 1,584,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,462

1,626,453

CREDITORS
Amounts falling due after more than one
year

7

(109,000

)

(964,000

)

PROVISIONS FOR LIABILITIES 9 (9,251 ) (8,036 )
NET ASSETS 733,211 654,417

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 633,211 554,417
733,211 654,417

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 7 March 2025 and were signed on its behalf by:





S J Thompson - Director


BIBUS METALS LTD (REGISTERED NUMBER: 07624382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

BIBUS METALS Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07624382

Registered office: SME House
Holme Lacy Industrial Estate
Hereford
Herefordshire
HR2 6DR

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.

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company's activities. Turnover is shown net of sales/ value added tax, returns, rebates and discounts. Income relating to support contract invoice in advance have been reported as deferred income.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity;
And specific criteria have been met for each of the Company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

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.


BIBUS METALS LTD (REGISTERED NUMBER: 07624382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

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.

Going concern
The financial statements have been prepared on a going concern basis.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amount due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initial at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.


Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities is the Company does not have any unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

3. EMPLOYEES AND DIRECTORS

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

BIBUS METALS LTD (REGISTERED NUMBER: 07624382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 27,476 5,270 46,567 16,821 96,134
Additions - 534 - 5,831 6,365
Disposals - - - (4,687 ) (4,687 )
At 31 December 2024 27,476 5,804 46,567 17,965 97,812
DEPRECIATION
At 1 January 2024 19,193 4,383 15,280 14,985 53,841
Charge for year 1,995 178 7,822 1,659 11,654
Eliminated on disposal - - - (4,687 ) (4,687 )
At 31 December 2024 21,188 4,561 23,102 11,957 60,808
NET BOOK VALUE
At 31 December 2024 6,288 1,243 23,465 6,008 37,004
At 31 December 2023 8,283 887 31,287 1,836 42,293

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 307,848 772,516
Other debtors 11,889 32,298
319,737 804,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 171,240 197,644
Taxation and social security 86,431 58,076
Other creditors 97,408 32,202
355,079 287,922

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 109,000 964,000

BIBUS METALS LTD (REGISTERED NUMBER: 07624382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 4,570 4,570
Between one and five years - 4,570
4,570 9,140

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 9,251 8,036

Deferred
tax
£   
Balance at 1 January 2024 8,036
Provided during year 1,215
Balance at 31 December 2024 9,251

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

The Report of the Auditors was unqualified.

Mr J Russell (Senior Statutory Auditor)
for and on behalf of Just Audit & Assurance Limited

BIBUS METALS LTD (REGISTERED NUMBER: 07624382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. RELATED PARTY DISCLOSURES

Transactions with group companies
The transactions with group companies during the year and the group balances as at 31 December 2024, were as disclosed below.

2024 £ 2023 £
BIBUS AG
Sales 49,184 14,997
Purchase of goods 12,203
Management fees 22,700 22,655
Interest of loans 25,252 57,027
Trade creditors due within one year - 1,331
Loans due after one year 109,000 964,000


BIBUS GmbH
Sales 26,780 637
Purchase of goods 523,203 -
Trade creditors due within one year 74,593 53,667


BIBUS Sp.z.o.o
Sales 1,194 3,439
Purchase of goods 24,428
Trade creditors due within one year 4,144

BIBUS S.r.o
Sales 283 865
Purchase of goods - -


BIBUS Metals Tov
Sales - 12,503
Purchase of goods

BIBUS Metals SRL
Sales -

BIBUS Metals Kft
Sales 629 756

BIBUS Metals Malaysia
Sales



Included within Creditors: Amounts falling due after more than one year is a loan received from the parent company, BIBUS Metals AG.

2024: £109,000
2023: £964,000

This loan has been provided with no fixed term. Repayments are made at the discretion of both parties. Interest is payable at 8.81% for Sterling balances and is paid quarterly.

BIBUS METALS LTD (REGISTERED NUMBER: 07624382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is BIBUS Holding AG, a company registered in Switzerland. Copies of the consolidated financial statements can be obtained from Allmendstrasse 26, CH-8320 Fehraltorf, Switzerland.