Bibus (UK) Ltd 04084999 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is sale of compressors and ancillary equipment Digita Accounts Production Advanced 6.30.9574.0 true true 04084999 2025-01-01 2025-12-31 04084999 2025-12-31 04084999 bus:OrdinaryShareClass1 2025-12-31 04084999 core:CurrentFinancialInstruments 2025-12-31 04084999 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 04084999 core:Non-currentFinancialInstruments 2025-12-31 04084999 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 04084999 core:Goodwill 2025-12-31 04084999 core:BetweenTwoFiveYears 2025-12-31 04084999 core:WithinOneYear 2025-12-31 04084999 core:FurnitureFittingsToolsEquipment 2025-12-31 04084999 core:LandBuildings 2025-12-31 04084999 core:OtherPropertyPlantEquipment 2025-12-31 04084999 core:ParentEntities 2025-12-31 04084999 bus:SmallEntities 2025-01-01 2025-12-31 04084999 bus:Audited 2025-01-01 2025-12-31 04084999 bus:FilletedAccounts 2025-01-01 2025-12-31 04084999 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04084999 bus:RegisteredOffice 2025-01-01 2025-12-31 04084999 bus:Director2 2025-01-01 2025-12-31 04084999 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 04084999 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04084999 bus:Agent1 2025-01-01 2025-12-31 04084999 core:Goodwill 2025-01-01 2025-12-31 04084999 core:ComputerEquipment 2025-01-01 2025-12-31 04084999 core:FurnitureFittings 2025-01-01 2025-12-31 04084999 core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 04084999 core:LandBuildings 2025-01-01 2025-12-31 04084999 core:OfficeEquipment 2025-01-01 2025-12-31 04084999 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 04084999 core:PlantMachinery 2025-01-01 2025-12-31 04084999 core:ParentEntities 2025-01-01 2025-12-31 04084999 1 2025-01-01 2025-12-31 04084999 countries:EnglandWales 2025-01-01 2025-12-31 04084999 2024-12-31 04084999 core:FurnitureFittingsToolsEquipment 2024-12-31 04084999 core:LandBuildings 2024-12-31 04084999 core:OtherPropertyPlantEquipment 2024-12-31 04084999 2024-01-01 2024-12-31 04084999 2024-12-31 04084999 bus:OrdinaryShareClass1 2024-12-31 04084999 core:CurrentFinancialInstruments 2024-12-31 04084999 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04084999 core:Non-currentFinancialInstruments 2024-12-31 04084999 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 04084999 core:BetweenTwoFiveYears 2024-12-31 04084999 core:WithinOneYear 2024-12-31 04084999 core:FurnitureFittingsToolsEquipment 2024-12-31 04084999 core:LandBuildings 2024-12-31 04084999 core:OtherPropertyPlantEquipment 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04084999

Bibus (UK) Ltd
Filleted Financial Statements
for the Year Ended 31 December 2025

Bibus (UK) Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 11

Bibus (UK) Ltd

Company Information

Director | GM Hodges

Registered office | Unit 20-21 Soho Mills Wooburn Green Bucks HP10 0PF

Auditors | Richardson Jones Mercury House 19-21 Chapel Street Marlow Buckinghamshire SL7 3HN

Bibus (UK) Ltd

(Registration number: 04084999)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 356,443 | -
Tangible assets | 5 | 108,779 | 4,623
|  | 465,222 | 4,623
Current assets |  |  |
Stocks | 6 | 932,929 | 747,375
Debtors | 7 | 704,260 | 729,405
Cash at bank and in hand |  | 345,753 | 433,169
|  | 1,982,942 | 1,909,949
Creditors: Amounts falling due within one year | 8 | (950,100) | (683,954)
Net current assets |  | 1,032,842 | 1,225,995
Total assets less current liabilities |  | 1,498,064 | 1,230,618
Creditors: Amounts falling due after more than one year | 8 | (240,000) | -
Provisions for liabilities |  | (11,224) | (193)
Net assets |  | 1,246,840 | 1,230,425
Capital and reserves |  |  |
Called up share capital | 9 | 100,000 | 100,000
Retained earnings |  | 1,146,840 | 1,130,425
Shareholders' funds |  | 1,246,840 | 1,230,425

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 2 April 2026

......................................... GM Hodges Director

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
Unit 20-21
Soho Mills
Wooburn Green
Bucks
HP10 0PF

The principal place of business is:
Unit 20-21
Soho Mills
Wooburn Green
Bucks
HP10 0PF

These financial statements were authorised for issue by the director on 2 April 2026.

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.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 2 April 2026 was Kevin Ellerby, who signed for and on behalf of Richardson Jones.

.........................................

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.

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 and machinery | straight line over 2 years
Office equipment | straight line over 3 years
Fixtures and fittings | straight line over 3 years
Computer equipment | straight line over 3 years
Leasehold improvements | straight line over 15 years

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.

Intangible assets

Purchased goodwill is written off on a straight line basis over 10 years.

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life considered to be 10 years.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average 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.

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.

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.

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all its financial instruments.
Recognition and measurement
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 statement, 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, which include 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. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Impairment
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2024 - 12).

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
Acquired through business combinations | 387,087 | 387,087
At 31 December 2025 | 387,087 | 387,087
Amortisation
Charge for the year | 30,644 | 30,644
At 31 December 2025 | 30,644 | 30,644
Carrying amount
At 31 December 2025 | 356,443 | 356,443

The Company purchased a subsidiary, Hollin Applications Ltd, on 17 March 2025 and then subsumed the business into BIBUS UK Ltd on 1st June 2025. Hollin Applications ceased trading on 31 May 2025 and was subsequently dissolved. The intangible asset refers to the goodwill generated on the purchase of Hollin Applications Ltd, which is being amortised over 10 years.

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2025 | - | 52,862 | 8,530 | 61,392
Additions | 77,332 | 17,450 | 24,758 | 119,540
At 31 December 2025 | 77,332 | 70,312 | 33,288 | 180,932
Depreciation
At 1 January 2025 | - | 48,239 | 8,530 | 56,769
Charge for the year | 1,526 | 7,288 | 6,570 | 15,384
At 31 December 2025 | 1,526 | 55,527 | 15,100 | 72,153
Carrying amount
At 31 December 2025 | 75,806 | 14,785 | 18,188 | 108,779
At 31 December 2024 | - | 4,623 | - | 4,623

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 932,929 | 747,375

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 653,319 | 676,078
Prepayments | 50,941 | 53,327
| 704,260 | 729,405

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 134,455 | -
Trade creditors |  | 663,596 | 481,571
Taxation and social security |  | 90,975 | 144,990
Accruals and deferred income |  | 52,433 | 54,175
Other creditors |  | 8,641 | 3,218
|  | 950,100 | 683,954

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 240,000 | -

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100,000 | 100,000 | 100,000 | 100,000

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 240,000 | -

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 134,455 | -

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

11 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 118,084 | 130,073
Later than one year and not later than five years | 65,059 | 183,143
| 183,143 | 313,216

The amount of non-cancellable operating lease payments recognised as an expense during the year was £143,021 (2024 - £129,930).

12 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £1.50 (2024 - £3.15) per ordinary share |  | 150,000 |  | 315,000

13 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 102,735 | 107,799
Contributions paid to money purchase schemes | 5,671 | 6,038
| 108,406 | 113,837

Bibus (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

13 Related party transactions (cont'd)

Summary of transactions with parent

Parent company Loan to company repayable by 30 September 2028

Loans from related parties

2025 | Parent £ | Total £
Advanced | 770,000 | 770,000
Repaid | (452,497) | (452,497)
Interest transactions | 27,152 | 27,152
At end of period | 344,655 | 344,655

Terms of loans from related parties

This loan is repayable by monthly instalments

14 | Parent and ultimate parent undertaking

The company's immediate parent is BIBUS AG, incorporated in Switzerland.
The ultimate parent is BIBUS Holding AG, incorporated in Switzerland.