Spectrum Dynamics Medical UK Limited Accounts






Spectrum Dynamics Medical UK Limited
Audited accounts
	Company No. 13894573
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was wholesale of medical machinery and equipment.


Directors

The Directors who served at any time during the year were as follows:

T. Gabay

G. Yoeli			(Resigned 10 March 2025)



















































The directors are responsible for keeping adequate accounting records that 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.","The director is responsible for keeping adequate accounting records that 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.
Auditors
The auditors, Gordon Levy Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.




















The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

T. Gabay
Director
30 September 2025

at	31 December 2024
Company No.		13894573	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	1,852	2,912


				1,852	2,912
Current assets
	Stocks		5	1,797,040	1,602,356
	Debtors		6	1,651,963	283,586

	Cash at bank and in hand			84,308	1,763
				3,533,311	1,887,705
Creditors: Amount falling due within one year			7	(3,484,388)	(1,866,149)
Net current assets				48,923	21,556
Total assets less current liabilities				50,775	24,468




Net assets				50,775	24,468

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	50,675	24,368

Total equity				50,775	24,468



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 September 2025 and signed on its behalf by:




T. Gabay
Director
30 September 2025

for the year ended 31 December 2024

General information

Spectrum Dynamics Medical UK Limited is a private company limited by shares and incorporated in England and Wales.

The company's registered number is: 13894573

The address of the company's registered office is:

201 Haverstock Hill

London

NW3 4QG

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• 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 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.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

3 years, straight line basis

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Stocks

Stocks are stated at the lower of cost and net realisable value. Net realisable value is based upon estimated selling prices less further costs expected to be incurred to disposal.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the statement of comprehensive income.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 January 2024	3,180	3,180




		At 31 December 2024	3,180	3,180
		Depreciation
		At 1 January 2024	268	268
		Charge for the year	1,060	1,060



		At 31 December 2024	1,328	1,328
		Net book values
		At 31 December 2024	1,852	1,852
		At 31 December 2023	2,912	2,912

5	Stocks
			2024	2023
			£	£


		Finished goods	1,797,040	1,602,356
			1,797,040	1,602,356

6	Debtors
			2024	2023
			£	£
		Trade debtors	1,611,456	229,056
		Amounts owed by group undertakings	35,965	49,143





		Prepayments and accrued income	4,542	5,387
			1,651,963	283,586

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	5,450	-
		Amounts owed to group undertakings	2,943,669	1,635,767
		Taxes and social security	354,694	62,561


		Accruals and deferred income	180,575	167,821
			3,484,388	1,866,149

Share Capital

The company has issued 100 ordinary shares, fully paid, of £1 each, amounting to a share capital of £100.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

The company has taken advantage of the exemption according to FRS 102 1A "Related party disclosure" not to disclose transactions entered into between two or more members of a group that are wholly owned.

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Spectrum Dynamics Medical Group Limited

The parent's registered office address is:

PO BOX 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands