Registration number: 04084999

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.