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REGISTERED NUMBER: 11835210 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KLS MARTIN IPS SERVICE UK LIMITED

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KLS MARTIN IPS SERVICE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Leibinger
F Reinauer





REGISTERED OFFICE: The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN





REGISTERED NUMBER: 11835210 (England and Wales)





AUDITORS: Haines Watts
Chartered Accountants and Statutory Auditors
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 41,445 17,182

CURRENT ASSETS
Stocks 49,000 59,100
Debtors 5 160,065 213,399
Cash at bank 35,431 73,460
244,496 345,959
CREDITORS
Amounts falling due within one year 6 17,504 58,301
NET CURRENT ASSETS 226,992 287,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,437

304,840

PROVISIONS FOR LIABILITIES 1,277 4,296
NET ASSETS 267,160 300,544

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Retained earnings 242,160 275,544
SHAREHOLDERS' FUNDS 267,160 300,544

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 and authorised for issue by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





C Leibinger - Director


KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

KLS Martin IPS Service UK 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with all balances being rounded to the nearest pound.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of services
Turnover from the sale of services is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually
associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; 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.

- Fixtures and fittings - 4 years straight line
- Computer equipment - 3 years straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 77,917
Additions 43,507
At 31 December 2023 121,424
DEPRECIATION
At 1 January 2023 60,735
Charge for year 19,244
At 31 December 2023 79,979
NET BOOK VALUE
At 31 December 2023 41,445
At 31 December 2022 17,182

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 125,047 158,974
Other debtors 35,018 54,425
160,065 213,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security - 43,398
Other creditors 17,504 14,903
17,504 58,301

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 14,538 17,456
Between one and five years - 14,538
14,538 31,994

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
25,000 Ordinary shares £1 25,000 25,000

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

The Report of the Auditors was unqualified.

Jacqueline Biggs FCCA ACA (Senior Statutory Auditor)
for and on behalf of Haines Watts

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. ULTIMATE CONTROLLING PARTY

The Company's immediate parent undertaking was Karl Leibinger Medizintechnik GmbH & Co. KG, until 1 November 2023. On 1 November 2023 Karl Leibinger Medizintechnik GmbH & Co. KG, Gebrüder Martin GmbH & Co. KG and KLS Martin GmbH & Co. KG were merged into one company operating as KLS Martin SE & Co.KG.

From 1 November 2023 the Company's immediate parent undertaking is therefore KLS Martin SE & Co.KG, a privately owned company incorporated in Germany,

Karl Leibinger GmbH & Co. KG (incorporated in Germany) is regarded by the directors as being the Company's ultimate parent company.

Karl Leibinger GmbH & Co. KG is both the smallest and largest group of undertakings for which consolidated financial statements, including KLS Martin IPS Service UK Limited, are produced. The registered address of Karl Leibinger GmbH & Co. KG is Kolbinger Str. 10, 78570 Mühlheim an der Donau, Germany.

The ultimate controlling party is deemed to be Christian Leibinger by virtue of his controlling stake in the ultimate parent company.