Registration number: 08371474

DBX Acoustics Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

DBX Acoustics Ltd

Balance Sheet
31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	24,217	27,923
Tangible assets	5	9,401	15,390
		33,618	43,313
Current assets
Debtors	6	121,968	129,421
Cash at bank and in hand		43	5,015
		122,011	134,436
Creditors: Amounts falling due within one year	7	(110,707)	(123,024)
Net current assets		11,304	11,412
Total assets less current liabilities		44,922	54,725
Creditors: Amounts falling due after more than one year	7	(42,715)	(54,432)
Net assets		2,207	293
Capital and reserves
Called up share capital		100	100
Retained earnings		2,107	193
Shareholders' funds		2,207	293

DBX Acoustics Ltd

Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 December 2025
 

......................................... Miss S L Witterick Director

Company Registration Number: 08371474

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

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.

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	Various Rates
Motor Vehicles	20% Straight-Line
Office Equipment	Various Rates

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Asset class	Amortisation method and rate
Intangible assets	10% Straight line

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 amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 if the Company does not have an 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 3 (2024 - 5).

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	37,063	37,063
At 31 March 2025	37,063	37,063
Amortisation
At 1 April 2024	9,140	9,140
Amortisation charge	3,706	3,706
At 31 March 2025	12,846	12,846
Carrying amount
At 31 March 2025	24,217	24,217
At 31 March 2024	27,923	27,923

5	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Other tangible assets  £	Total £
Cost or valuation
At 1 April 2024	17,012	4,167	41,090	62,269
Additions	-	2,800	-	2,800
At 31 March 2025	17,012	6,967	41,090	65,069
Depreciation
At 1 April 2024	13,038	3,616	30,224	46,878
Charge for the year	2,230	1,111	5,449	8,790
At 31 March 2025	15,268	4,727	35,673	55,668
Carrying amount
At 31 March 2025	1,744	2,240	5,417	9,401
At 31 March 2024	3,973	551	10,866	15,390

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	49,529	78,902
Prepayments	7,490	2,219
Other debtors	64,949	48,300
	121,968	129,421

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	61,137	71,115
Trade creditors		13,194	8,110
Taxation and social security		37,201	43,259
Other creditors		(825)	540
		110,707	123,024

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	42,715	54,432

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	42,715	54,432

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	21,748	12,555
Other borrowings	39,389	58,560
	61,137	71,115

DBX Acoustics Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

9	Related party transactions

Transactions with the Director

2025	At 1 April 2024 £	Advances to Director £	At 31 March 2025 £
Miss S L Witterick
Director's loan account	34,733	12,451	47,184

2024	At 1 April 2023 £	Advances to Director £	At 31 March 2024 £
Miss S L Witterick
Director's loan account	18,721	16,012	34,733

Director's remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.
The directors who are also shareholders receive dividends as part of this remuneration package.