REGISTERED NUMBER: 04406630 (England and Wales)

Financial Statements

For The Year Ended 31 December 2025

for

D & B audiotechnik GB Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S J Hogg

REGISTERED OFFICE:

Nailsworth Mills Estate

Avening Road

Nailsworth

Stroud

Gloucestershire

GL6 0BS

REGISTERED NUMBER:

04406630 (England and Wales)

AUDITORS:

Kingscott Dix Limited

Chartered Accountants

and Statutory Auditor

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

HSBC

The Cross

Gloucester

Gloucestershire

GL1 2AP

FIXED ASSETS

Tangible assets

4

1,133,660

952,505

CURRENT ASSETS

Stocks

912,860

837,939

Debtors

5

1,789,281

1,206,143

Cash at bank and in hand

228,945

134,829

2,931,086

2,178,911

CREDITORS

Amounts falling due within one year

6

1,200,333

858,489

NET CURRENT ASSETS

1,730,753

1,320,422

TOTAL ASSETS LESS CURRENT LIABILITIES

2,864,413

2,272,927

PROVISIONS FOR LIABILITIES

280,564

234,698

NET ASSETS

2,583,849

2,038,229

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

2,573,849

2,028,229

SHAREHOLDERS' FUNDS

2,583,849

2,038,229

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

S J Hogg - Director

1.	STATUTORY INFORMATION

D & B audiotechnik GB 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the remaining length of the lease

Plant and machinery

-

33% on cost, 25% on cost, 20% on cost and 10% on cost

Fixtures and fittings

-

20% on cost, 10% on cost and at varying rates on cost

Demonstration stock

-

33% on cost, 20% on cost and Nil in Year 1, 50% in remaining years

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised immediately in profit or loss.

Stocks

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

Financial instruments

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents 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 current liabilities.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefit arises therefrom.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. This includes the liabilities arising from the defined contribution pension operated for the employees. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Demonstration

property

machinery

fittings

stock

Totals

£

£

£

£

£

COST

At 1 January 2025

184,350

947,394

152,478

1,309,100

2,593,322

Additions

5,573

80,243

5,059

557,891

648,766

At 31 December 2025

189,923

1,027,637

157,537

1,866,991

3,242,088

DEPRECIATION

At 1 January 2025

103,016

334,869

130,713

1,072,219

1,640,817

Charge for year

10,502

257,218

4,031

195,860

467,611

At 31 December 2025

113,518

592,087

134,744

1,268,079

2,108,428

NET BOOK VALUE

At 31 December 2025

76,405

435,550

22,793

598,912

1,133,660

At 31 December 2024

81,334

612,525

21,765

236,881

952,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

11,664

39,283

Amounts owed by group undertakings

16,772

20,665

Amount due from parent company

1,564,214

919,963

Corporation Tax

-

10,320

VAT

30,285

101,031

Prepayments and accrued income

166,346

114,881

1,789,281

1,206,143

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

127,492

252,934

Amounts owed to group undertakings

-

11,838

Corporation tax

148,665

-

Social security and other taxes

104,644

103,325

Other creditors

17,388

17,097

Accrued expenses

802,144

473,295

1,200,333

858,489

7.	LEASING AGREEMENTS

At 31 December 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £2,699,766 (2024: £3,044,945).

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

The Report of the Auditors was unqualified.

Mark Spashett FCA (Senior Statutory Auditor)

for and on behalf of Kingscott Dix Limited

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of d & b audiotechnik GmbH & Co. KG which is incorporated in Germany and prepares consolidated accounts. Copies of these can be obtained from Eugen-Adolff-Straße 134, 71522 Backnang, Germany.

The ultimate parent undertaking is Heart HoldCo GmbH, a company also registered in Germany.

The ultimate controlling party is PEP IX International Ltd, a private equity company registered in the Cayman Islands.