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Company No: 09094141 (England and Wales)

# DBL EUROPE LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

DBL EUROPE LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

DBL EUROPE LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
DBL EUROPE LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

Director | J L Mackenzie

Registered office | Springfield House
| Springfield Road
| Horsham
| RH12 2RG
| United Kingdom

Company number | 09094141 (England and Wales)

Accountant | Kreston Reeves LLP
| Springfield House
| Springfield Road
| Horsham
| West Sussex
| RH12 2RG

DBL EUROPE LIMITED

## BALANCE SHEET

As at 30 June 2025
DBL EUROPE LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 20,805 |  | 36,795
|  | 20,805 |  | 36,795
Current assets |  |  |  |
Debtors |  |  |  |
- due within one year | 4 | 189,828 |  | 211,110
- due after more than one year | 4 | 282,740 |  | 210,193
Cash at bank and in hand |  | 82,941 |  | 78,008
|  | 555,509 |  | 499,311
Creditors: amounts falling due within one year | 5 | ( 509,081) |  | ( 448,820)
Net current assets |  | 46,428 |  | 50,491
Total assets less current liabilities |  | 67,233 |  | 87,286
Creditors: amounts falling due after more than one year | 6 | ( 659,504) |  | ( 471,816)
Net liabilities |  | ( 592,271) |  | ( 384,530)
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | ( 592,272 ) |  | ( 384,531 )
Total shareholder's deficit |  | ( 592,271) |  | ( 384,530)

For the financial year ending 30 June 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of DBL Europe Limited (registered number: 09094141) were approved and authorised for issue by the Director on 09 March 2026. They were signed on its behalf by:

J L Mackenzie Director |

DBL EUROPE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
DBL EUROPE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

DBL Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered number is 09094141. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £592,271. The Company is supported through loans from group companies. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the group companies will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 2 - 6 years straight line

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 12 |  | 17

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 56,280 |  | 56,280
Additions | 274 |  | 274
Disposals | ( 6,099) |  | ( 6,099)
At 30 June 2025 | 50,455 |  | 50,455
Accumulated depreciation |  |  |
At 01 July 2024 | 19,485 |  | 19,485
Charge for the financial year | 10,945 |  | 10,945
Disposals | ( 780) |  | ( 780)
At 30 June 2025 | 29,650 |  | 29,650
Net book value |  |  |
At 30 June 2025 | 20,805 |  | 20,805
At 30 June 2024 | 36,795 |  | 36,795

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Trade debtors | 135,384 |  | 161,178
Other debtors | 54,444 |  | 49,932
| 189,828 |  | 211,110
Debtors: amounts falling due after more than one year |  |  |
Amounts owed by Group undertakings | 282,740 |  | 210,193

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 104,211 |  | 0
Trade creditors | 64,973 |  | 58,025
Other taxation and social security | 71,005 |  | 205,866
Other creditors | 268,892 |  | 184,929
| 509,081 |  | 448,820

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 70,022 |  | 0
Amounts owed to Group undertakings | 486,332 |  | 471,816
Other creditors | 103,150 |  | 0
| 659,504 |  | 471,816

#### 7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £21,690 (2024 - £20,425). Contributions totalling £980 (2024 - £2,358) were payable to the fund at the balance sheet date and are included in creditors.

#### 8. Related party transactions

During the year, the director continued to provide an interest free loan to the company. At the year end, the company owed the director £41,179 (2024 - the director owed the company £4,789).

#### 9. Ultimate controlling party

Parent Company:

DBL Europe PTY Limited

The group qualify as small as set out in section 383 of the Companies Act 2006 and is therefore eligible for exemption to prepare consolidated accounts.