Registration number: 01469941

Association of British Healthtech Industries Limited

Contents

Company Information	1 to 2
Balance Sheet	3
Notes to the Financial Statements	4 to 8

Association of British Healthtech Industries Limited

Company Information

Directors

Andrew Robert Davies Michael John Fairbourn Nishanthan Sunthareswaran Philip Andrew Kennedy Antony David Bellis Peter Ellingworth Neil Harris Christopher James Hudson Peter Worrallo Stephanie Bolton Ms Luella Mary Trickett Richard Devereaux Phillips Sarah Jane Lewis Michael Emad Asham Shenouda Natasha Patricia Zilma Rees Matthew James Press Theresa Shapland Graeme Ewan Cameron Michelle Sullivan Suzanne Holden Mark Leftwich Michael Francis Parden Jaimie Lloyd Dan Jones

Company secretary

Sarah Jane Lewis

Registered office

Suite 2 4th Floor 1 Duchess Street London W1W 6AN

Association of British Healthtech Industries Limited

Company Information

Auditors

Brooks Carling Accountants Limited The Studio, 1 Canons Lane Burgh Heath Surrey KT20 6DP

Association of British Healthtech Industries Limited

(Registration number: 01469941)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	13,369	11,449
Current assets
Debtors	5	3,988,245	2,649,230
Cash at bank and in hand		4,242,957	3,817,297
		8,231,202	6,466,527
Creditors: Amounts falling due within one year	6	(7,605,083)	(5,803,030)
Net current assets		626,119	663,497
Total assets less current liabilities		639,488	674,946
Provisions for liabilities		(10,920)	(10,366)
Net assets		628,568	664,580
Capital and reserves
Profit and loss account		628,568	664,580
Shareholders' funds		628,568	664,580

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... Philip Andrew Kennedy Director

Association of British Healthtech Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £25 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite 2
4th Floor
1 Duchess Street
London
W1W 6AN

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on the going concern basis, as management does not intend to liquidate the entity or cease trading and believes that the entity has the ability to continue as a going concern for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the running of exhibitions/events and the selling of membership subscriptions in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Association of British Healthtech Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	Straight line over 3 years
Short-term leasehold property	Straight line over the life of the lease

Amortisation

Asset class	Amortisation method and rate
Salesforce	Straight line over 3 years
Virtual Pavillion	Straight line over 12 months

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Association of British Healthtech Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The Company only enters into basic financial instrument transactions that resut in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans and related parties and investments in ordinary shares.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 17).

Association of British Healthtech Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	25,887	25,887
Additions	11,318	11,318
At 31 December 2024	37,205	37,205
Depreciation
At 1 January 2024	14,438	14,438
Charge for the year	9,398	9,398
At 31 December 2024	23,836	23,836
Carrying amount
At 31 December 2024	13,369	13,369
At 31 December 2023	11,449	11,449

5

Debtors

Current	2024 £	2023 £
Trade debtors	1,850,869	1,373,153
Prepayments	2,021,264	1,246,939
Other debtors	116,112	29,138
	3,988,245	2,649,230

Association of British Healthtech Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	73,385	209,223
Taxation and social security	959,711	691,743
Accruals and deferred income	6,410,612	4,742,833
Other creditors	161,375	159,231
	7,605,083	5,803,030