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REGISTERED NUMBER: 06151049 (England and Wales)









Report of the Directors and

Financial Statements for the Year Ended 31 December 2023

for

pfm medical UK Limited

pfm medical UK Limited (Registered number: 06151049)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Directors 1

Balance Sheet 3

Notes to the Financial Statements 4


pfm medical UK Limited (Registered number: 06151049)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the sale of Medical Equipment to the Healthcare Industry.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mr D J Haykin
Mr F Klinker

Other changes in directors holding office are as follows:

Mrs G L Borgert - resigned 31 March 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Harts Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.


pfm medical UK Limited (Registered number: 06151049)

Report of the Directors
for the Year Ended 31 December 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:




Mr F Klinker - Director


10 September 2024

pfm medical UK Limited (Registered number: 06151049)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,798 33,678

CURRENT ASSETS
Stocks 884,363 921,179
Debtors 5 941,605 1,065,609
Cash at bank 1,304,552 433,429
3,130,520 2,420,217
CREDITORS
Amounts falling due within one year 6 (1,314,513 ) (839,368 )
NET CURRENT ASSETS 1,816,007 1,580,849
TOTAL ASSETS LESS CURRENT LIABILITIES 1,840,805 1,614,527

CAPITAL AND RESERVES
Called up share capital 7 590,000 590,000
Retained earnings 1,250,805 1,024,527
SHAREHOLDERS' FUNDS 1,840,805 1,614,527

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 10 September 2024 and were signed on its behalf by:





Mr F Klinker - Director


pfm medical UK Limited (Registered number: 06151049)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

pfm medical UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06151049

Registered office: Suite 3
Armcon Business Park
London Road South
Poynton
Cheshire
SK12 1LQ

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 from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

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 - Straight line over the 5 years of lease
Fixtures and fittings - at varying rates on cost

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2022 - 26 ) .

pfm medical UK Limited (Registered number: 06151049)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2023 54,026 55,527 109,553
Additions - 1,464 1,464
At 31 December 2023 54,026 56,991 111,017
DEPRECIATION
At 1 January 2023 44,620 31,255 75,875
Charge for year 4,344 6,000 10,344
At 31 December 2023 48,964 37,255 86,219
NET BOOK VALUE
At 31 December 2023 5,062 19,736 24,798
At 31 December 2022 9,406 24,272 33,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 796,130 931,593
Other debtors 145,475 134,016
941,605 1,065,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 41,634 91,333
Amounts owed to group undertakings 531,188 233,108
Taxation and social security 410,231 276,022
Other creditors 331,460 238,905
1,314,513 839,368

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
590,000 Ordinary shares £1 590,000 590,000

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

The Report of the Auditors was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)
for and on behalf of Harts Limited

pfm medical UK Limited (Registered number: 06151049)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. ULTIMATE CONTROLLING PARTY

pfm Medical UK Limited is a 100% owned subsidiary of pfm Medical AG.

The registered office of pfm Medical AG is:

Wankelsbraße 60
50996 Köln
Germany