Registration number:
Dreibach Ltd
for the Year Ended 31 March 2025
Dreibach Ltd
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Dreibach Ltd
Company Information
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Director |
Mr Babandeep Singh Oberoi |
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Registered office |
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Bankers |
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Auditors |
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Dreibach Ltd
Strategic Report for the Year Ended 31 March 2025
The director presents his strategic report for the year ended 31 March 2025.
Principal activity
The principal activity of the company is that of non-specialised wholesale trading and retail sales through e-commerce marketplaces.
Fair review of the business
Overview:
The year ended 31 March 2025 was one of resilient progress for the Company. Turnover reached £16.5m, driven by strong brand sales and continued expansion across e-commerce marketplaces. Despite elevated freight costs and the insolvency of a key business-to-business customer, management acted decisively to maintain continuity and protect future growth. Preparatory work for the transition to a new warehouse, completed shortly after the year end, strengthened the Company’s operational base and positioned it well for the year ahead.
Market Commentary:
The UK e-commerce sector remains a mature but steadily growing market. Parcel volumes continued to expand, supported by cross-border trade and social commerce, though competition and rising customer acquisition costs persisted.
Economic conditions were mixed: inflation eased and interest rates began to fall, while consumer confidence improved slightly but remained value-driven. Against this backdrop, the Company maintained its focus on brand strength, competitive pricing, and disciplined stock management to support performance.
Business Strategy:
The Company’s long-term strategy is to scale sustainably by expanding its product range, investing in brand development, and increasing marketplace presence in the UK and Europe. During the year, management completed preparatory work for the Northampton warehouse, secured a new supply contract with Amazon, and advanced plans for European expansion. These initiatives are designed to improve operational efficiency, broaden customer reach, and enhance resilience.
Financial Review:
Turnover for the year was £16.5m, reflecting strong performance despite supply chain pressures. Growth was supported by demand for the Company’s core brands, the acquisition of assets from a former B2B customer, and marketplace expansion. Margins were affected by the clearance of surplus stock and higher logistics and marketing costs, but these pressures were partly offset through renegotiated freight terms and tighter cost control. Cash flow was managed through supplier negotiations, trade finance arrangements, and prudent stock planning during the transition away from third-party logistics.
Outlook:
The Company enters the new financial year with a stronger operational foundation and clear priorities. The immediate focus is embedding the new Northampton warehouse to deliver cost efficiencies and improved fulfilment. Alongside this, the Company plans to expand its product range, strengthen brand visibility, and deepen marketplace presence in both the UK and Europe. External conditions are expected to stabilise, with moderating inflation and easing freight costs providing a more supportive backdrop for growth, though competition and advertising costs are likely to remain elevated.
Dreibach Ltd
Strategic Report for the Year Ended 31 March 2025 (continued)
Key performance indicators
The director monitors both financial and non-financial indicators to assess performance.
Key financial measures include sales of £16.5m (2024: £12.1m), gross profit of £5.0m (2024: £3.5m), net profit of £0.1m (2024: £0.3m), and net assets of £3.2m (2024: £3.3m). These results reflect strong revenue growth and short-term margin pressure linked to external conditions.
Non-financial measures include customer satisfaction, fulfilment accuracy, and supplier and employee relationships, which together underpin sustainable performance.
Principal risks and uncertainties
The Company faces risks related to freight cost volatility, inventory management, and consumer demand. These are managed through diversified freight arrangements, improved forecasting, and disciplined pricing.
Operational risks associated with the new warehouse transition are mitigated through investment in systems, automation, and staff training.
The Company also monitors external factors such as potential global trade frictions or tariffs that could affect import costs or lead times, ensuring flexibility in sourcing and logistics to adapt quickly to any changes.
Regulatory and compliance obligations, including product safety, environmental standards, VAT, data protection, and marketplace trading rules, remain a key area of ongoing oversight.
Through active monitoring, diversification, and investment in people and systems, management remains confident that these risks are appropriately managed.
Approved and authorised by the
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Dreibach Ltd
Director's Report for the Year Ended 31 March 2025
The director presents his report and the financial statements for the year ended 31 March 2025.
Director of the company
The director who held office during the year was as follows:
Going concern
The financial statements have been prepared on a going concern basis as the director believes that the company will continue to meet its liabilities as they fall due for at least 12 months from the approval date.
Important non adjusting events after the financial period
On 25 April 2025, the Company entered into a lease agreement for a new warehouse facility.
There are no other significant events that have occurred at the date of signing which require disclosure in the financial statements.
Disclosure of information to the auditors
The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.
Medium-sized companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.
Approved and authorised by the
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Dreibach Ltd
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Dreibach Ltd
Independent Auditor's Report to the Members of Dreibach Ltd
Opinion
We have audited the financial statements of Dreibach Ltd (the 'company') for the year ended 31 March 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
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 responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our 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 opinion.
Other matters
In the previous accounting period, the director of the company took advantage of audit exemption under s.477 of the Companies Act 2006. Therefore, the prior period financial statements were not subject to audit.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Other information
The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Dreibach Ltd
Independent Auditor's Report to the Members of Dreibach Ltd (continued)
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities [set out on page 5], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Dreibach Ltd
Independent Auditor's Report to the Members of Dreibach Ltd (continued)
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Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: |
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the audit principal ensured that the audit team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |
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we identified the laws and regulations applicable to the company through discussions with the director, and from our commercial knowledge and experience of the sector; |
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we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation; |
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
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We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: |
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understanding the business model as part of the control and business environment; |
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; |
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
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To address the risk of fraud through management bias and override of controls, we: |
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performed analytical procedures to identify any unusual or unexpected relationships; |
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tested journal entries to identify unusual transactions; |
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assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; |
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investigated the rationale behind significant or unusual transactions.
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In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: |
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agreeing financial statement disclosures to underlying supporting documentation; |
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reading the minutes of meetings of those charged with governance; |
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enquiring of management as to actual and potential litigation and claims.
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There are inherent limitations in the audit procedures described above; any instance of non-compliance with laws and regulations and fraud which is far removed from transactions reflected in the financial statements would diminish the likelihood of detection. Furthermore, the risk of not detecting a material misstatement due to fraud is greater than the risk of not detecting one resulting from error. Fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through an act of collusion that would mitigate internal controls. |
Dreibach Ltd
Independent Auditor's Report to the Members of Dreibach Ltd (continued)
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
East Lane
Wembley Park
Middlesex
HA9 8JU
Dreibach Ltd
Profit and Loss Account for the Year Ended 31 March 2025
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Note |
2025 |
(Unaudited) |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Distribution costs |
( |
( |
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Administrative expenses |
( |
( |
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Other operating income |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
( |
( |
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(218,703) |
(157,438) |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Dreibach Ltd
Statement of Comprehensive Income for the Year Ended 31 March 2025
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2025 |
(Unaudited) |
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Profit for the year |
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Total comprehensive income for the year |
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Dreibach Ltd
(Registration number: 11302910)
Balance Sheet as at 31 March 2025
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Note |
2025 |
(Unaudited) |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
3,248,413 |
3,308,829 |
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Shareholders' funds |
3,248,513 |
3,308,929 |
Approved and authorised by the
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Dreibach Ltd
Statement of Changes in Equity for the Year Ended 31 March 2025
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Share capital |
Retained earnings |
Total |
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At 1 April 2024 |
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Profit for the year |
- |
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Dividends |
- |
( |
( |
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At 31 March 2025 |
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Share capital |
Retained earnings |
Total |
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At 1 April 2023 |
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Profit for the year |
- |
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Dividends |
- |
( |
( |
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At 31 March 2024 |
100 |
3,308,829 |
3,308,929 |
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in the United Kingdom.
The address of its registered office is:
The principal place of business is:
Unit 9C
Chester Road
Borehamwood
Hertfordshire
WD6 1LT
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
The financial statements have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
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Accounting policies (continued) |
Departure from requirements of FRS 102
The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements: |
Name of parent of group
These financial statements are consolidated in the financial statements of BSO Holdings Ltd.
The financial statements of BSO Holdings Ltd may be obtained from the Registrar of Companies..
Going concern
The financial statements have been prepared on a going concern basis as the director believes that the company will continue to meet its liabilities as they fall due for at least 12 months from the approval date.
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.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
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.
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
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Accounting policies (continued) |
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:
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Asset class |
Depreciation method and rate |
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Fixtures and Fittings |
25% Reducing Balance |
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Motor Vehicles |
20% Reducing Balance |
Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.
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Asset class |
Amortisation method and rate |
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Goodwill |
5-10 years |
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
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Accounting policies (continued) |
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.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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.
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
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Accounting policies (continued) |
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.
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Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
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2025 |
(Unaudited) |
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Sale of goods |
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Other operating income |
The analysis of the company's other operating income for the year is as follows:
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2025 |
(Unaudited) |
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Rental income |
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- |
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Miscellaneous other operating income |
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
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2025 |
(Unaudited) |
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Loss on disposal of tangible assets |
( |
- |
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
(Unaudited) |
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Depreciation expense |
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Amortisation expense |
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Loss on disposal of property, plant and equipment |
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- |
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Other interest receivable and similar income |
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2025 |
(Unaudited) |
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Other finance income |
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Interest payable and similar expenses |
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2025 |
(Unaudited) |
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Interest on bank overdrafts and borrowings |
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Interest expense on other finance liabilities |
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Foreign exchange gains |
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Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
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2025 |
(Unaudited) |
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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Other employee expense |
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Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
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9 |
Staff costs (continued) |
The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
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2025 |
(Unaudited) |
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Administration and support |
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Sales, marketing and distribution |
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Procurement and operations |
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Management |
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Director's remuneration |
The director's remuneration for the year was as follows:
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2025 |
(Unaudited) |
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Remuneration |
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Auditors' remuneration |
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2025 |
(Unaudited) |
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Audit of the financial statements |
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- |
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
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Taxation |
Tax charged/(credited) in the profit and loss account
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2025 |
(Unaudited) |
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Current taxation |
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UK corporation tax |
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|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
(Unaudited) |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax decrease from effect of capital allowances and depreciation |
( |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax decrease arising from group relief |
( |
( |
|
Total tax charge |
|
|
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
Intangible assets |
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 April 2024 |
|
|
|
Additions acquired separately |
|
|
|
At 31 March 2025 |
|
|
|
Amortisation |
||
|
At 1 April 2024 |
|
|
|
Amortisation charge |
|
|
|
At 31 March 2025 |
|
|
|
Carrying amount |
||
|
At 31 March 2025 |
|
|
|
At 31 March 2024 |
|
|
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
Tangible assets |
|
Fixtures and fittings |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||
|
At 1 April 2024 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
( |
( |
( |
|
At 31 March 2025 |
|
|
|
|
Depreciation |
|||
|
At 1 April 2024 |
|
|
|
|
Charge for the year |
|
|
|
|
Eliminated on disposal |
( |
( |
( |
|
At 31 March 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 March 2025 |
|
|
|
|
At 31 March 2024 |
|
|
|
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
Stocks |
|
2025 |
(Unaudited) |
|
|
Finished goods and goods for resale |
|
|
|
Debtors |
|
Current |
2025 |
(Unaudited) |
|
Trade debtors |
|
|
|
Amounts owed by related parties |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
Amounts due from customers from contract work |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
(Unaudited) |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
Creditors |
|
Note |
2025 |
(Unaudited) |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
|
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Income tax liability |
12,290 |
35,230 |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
(Unaudited) |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
(Unaudited) |
|
|
Bank loans |
|
|
|
Hire purchase contracts |
|
|
|
Other loans |
|
- |
|
|
|
|
Current loans and borrowings
|
2025 |
(Unaudited) |
|
|
Bank loans |
|
- |
|
Hire purchase contracts |
|
|
|
Other loans |
|
|
|
|
|
|
Included within other loans is an import line facility of £1,243,827 (2024: £nil) which is secured by way of a fixed charge and negative pledge over the assets of the company under a general pledge.
|
Obligations under leases and hire purchase contracts |
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
(Unaudited) |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
22 |
Obligations under leases and hire purchase contracts (continued) |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
(Unaudited) |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
- |
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Dividends |
|
2025 |
(Unaudited) |
|||
|
£ |
£ |
|||
|
Interim dividend |
90,000 |
130,200 |
||
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
Related party transactions |
The Company has availed of the exemptions in FRS 102 Section 33, Paragraph 33.1A which allows non-disclosure of transactions between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.
Summary of transactions with other related parties
Included in turnover are sales of £639,816 (2024: £28,256). The companies are related to Dreibach Ltd through common shareholdings and directorships.
Included in turnover are sales of £317,806 (2024: £167,500). The company is related to Dreibach Ltd through a close family connection to the director.
Included in other operating income is rental income of £29,450 (2024: £nil). The companies are related to Dreibach Ltd through common shareholdings and directorships.
Interest receivable of £11,660 (2024: £nil) was received from a company related to Dreibach Ltd through common shareholdings and directorships.
Included in the debtor’s balance at the year-end are amounts owed by related parties amounting to £54,856 (2024: £2,100). The companies are related to Dreibach Ltd through common shareholdings and directorships. The loans are unsecured, interest free and are repayable on demand.
Included in the debtor’s balance at the year-end is an amount owed by a related party amounting to £549,780 (2024: £188,120). The company is related to Dreibach Ltd through common shareholdings and directorships. The loan is unsecured and is repayable on demand. Interest is charged on the loan at a rate of 6%.
Included in the creditor's balance at the year-end is amounts owed to related parties amounting to £769,874 (2024: £680,204). The companies are related to Dreibach Ltd through common shareholdings and directorships. The loans are unsecured, interest free and are repayable on demand.
Included in the creditor's balance at the year-end are amounts owed to the director and his spouse amounting to £17,587 (2024: £7,819). The loans are unsecured, interest free and are repayable on demand.
Dreibach Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
|
Parent and ultimate parent undertaking |
The ultimate parent is
The ultimate controlling party is
The smallest and largest group in which the results of the Company are consolidated are headed by BSO Holdings Ltd. The financial statements may be obtained from the Registrar of Companies.
|
Non adjusting events after the financial period |
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