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REGISTERED NUMBER: 08215923















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Vidmed Services Uk Ltd

Vidmed Services Uk Ltd (Registered number: 08215923)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vidmed Services Uk Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D H Barclay
D Dwek





REGISTERED OFFICE: 1st Floor
26 Fouberts Place
London
W1F 7PP





REGISTERED NUMBER: 08215923






Vidmed Services Uk Ltd (Registered number: 08215923)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
CURRENT ASSETS
Debtors 4 9,690 9,717
Cash at bank 49 11
9,739 9,728
CREDITORS
Amounts falling due within one year 5 449,779 425,754
NET CURRENT LIABILITIES (440,040 ) (416,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(440,040

)

(416,026

)

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Share premium 19,000 19,000
Retained earnings (460,140 ) (436,126 )
(440,040 ) (416,026 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Vidmed Services Uk Ltd (Registered number: 08215923)

Balance Sheet - continued
31 December 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2022 and were signed on its behalf by:





D Dwek - Director


Vidmed Services Uk Ltd (Registered number: 08215923)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Vidmed Services Uk Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Going concern
The financial statements have been prepared on a going concern basis. The company has obtained assurances and undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given these undertakings, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Vidmed Services Uk Ltd (Registered number: 08215923)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors - 42
Other debtors 9,690 9,675
9,690 9,717

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 85,436 71,304
Taxation and social security - 165
Other creditors 364,343 354,285
449,779 425,754

6. RELATED PARTY DISCLOSURES

The beneficial owner and ultimate controlling party was Mr Duncan Barclay, company director.

At the year end, amount due to the company director was £254,610 (2020: £254,652)

Amount due to companies controlled by the director were as follows:

- Subsea: £82,234 (2020: £80,134)

Amount owed by Vidmed Cyprus to Vidmed services UK Ltd : £9,675 (2020 : £9,675)