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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
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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
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Healex Systems (UK) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59 
85 
Current assets
Debtors
7,412 
676 
Cash at bank and in hand
20,052 
38,836 
27,464 
39,512 
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)
Net assets
22,459 
34,180 
Capital and reserves
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
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Healex Systems (UK) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
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.
Pension costs
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
Financial instruments
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.
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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 
Depreciation
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 
Net book value
At 31 December 2024
- 
59 
59 
At 31 December 2023
- 
85 
85 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
229 
236 
Accrued income and prepayments
7,183 
440 
7,412 
676 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,500 
1,588 
Other creditors
619 
884 
2,119 
2,472 
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).
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