Company Registration No. NI608790 (Northern Ireland)
Healex Systems (UK) Limited
Unaudited accounts
for the year ended 31 December 2024
Healex Systems (UK) Limited
Unaudited accounts
Contents
Healex Systems (UK) Limited
Company Information
for the year ended 31 December 2024
Directors
Nicholas Place
Pamela Place
Company Number
NI608790 (Northern Ireland)
Registered Office
NW Business Complex
Skeoge Industrial Park
Derry
BT48 8SE
Northern Ireland
Accountants
Satori Accounting
11 Orchard Business Park
Pennyburn Industrial Estate
Derry
Northern Ireland
BT48 0LU
Healex Systems (UK) Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
20,052
38,836
Creditors: amounts falling due within one year
(2,119)
(2,472)
Net current assets
25,345
37,040
Total assets less current liabilities
25,404
37,125
Creditors: amounts falling due after more than one year
(2,945)
(2,945)
Called up share capital
100
100
Profit and loss account
22,359
34,080
Shareholders' funds
22,459
34,180
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by
Pamela Place
Director
Company Registration No. NI608790
Healex Systems (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
Healex Systems (UK) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI608790. The registered office is NW Business Complex, Skeoge Industrial Park, Derry, BT48 8SE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Computer equipment
20% straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Healex Systems (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,850
1,366
3,216
At 31 December 2024
1,850
1,366
3,216
At 1 January 2024
1,850
1,281
3,131
Charge for the year
-
26
26
At 31 December 2024
1,850
1,307
3,157
At 31 December 2024
-
59
59
At 31 December 2023
-
85
85
Amounts falling due within one year
Accrued income and prepayments
7,183
440
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,500
1,588
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
2,945
2,945
8
Transactions with related parties
Mr N Place and Mrs P Place were the directors and shareholders during the current and preceding year.
There were no transactions between the directors and the company throughout the 2024 year.
The amount owed to the directors was £2,945 and this is disclosed at creditors falling due after more than one year.
The company's turnover is derived from services provided to Healex Systems, a company registered in the United States. Mr N Place and Mrs P Place are the directors of both companies. These transactions are carried out on an arm's length basis.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).