REGISTERED NUMBER: 01437361 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

SCIMED LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

J Booth

Dr A J Rucklidge

P D Vanden Branden

SECRETARY:

Dr A J Rucklidge

REGISTERED OFFICE:

Unit 4 The Embankment Business Park

Vale Road

Stockport

Cheshire

SK4 3GN

REGISTERED NUMBER:

01437361 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

21,431

30,957

Investments

5

530,794

530,794

552,225

561,751

CURRENT ASSETS

Stocks

1,766,726

1,659,441

Debtors

6

2,095,982

2,666,309

Cash at bank

18,359

201,419

3,881,067

4,527,169

CREDITORS

Amounts falling due within one year

7

2,766,987

3,324,266

NET CURRENT ASSETS

1,114,080

1,202,903

TOTAL ASSETS LESS CURRENT LIABILITIES

1,666,305

1,764,654

CREDITORS

Amounts falling due after more than one year

8

(196,714

)

(312,908

)

PROVISIONS FOR LIABILITIES

(5,358

)

(7,739

)

NET ASSETS

1,464,233

1,444,007

CAPITAL AND RESERVES

Called up share capital

4,078

4,078

Share premium

20,122

20,122

Capital redemption reserve

12,803

12,803

Retained earnings

1,427,230

1,407,004

SHAREHOLDERS' FUNDS

1,464,233

1,444,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2026 and were signed on its behalf by:

Dr A J Rucklidge - Director

1.	STATUTORY INFORMATION

SCIMED LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 41 (2024 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

107,152

DEPRECIATION

At 1 January 2025

76,195

Charge for year

9,526

At 31 December 2025

85,721

NET BOOK VALUE

At 31 December 2025

21,431

At 31 December 2024

30,957

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

530,794

NET BOOK VALUE

At 31 December 2025

530,794

At 31 December 2024

530,794

During the previous year the company purchased 110 ordinary shares in Dublin Analytical Instruments Limited. This equates to 55% of the issued share capital of that company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

2,005,420

2,543,752

Other debtors

90,562

122,557

2,095,982

2,666,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

106,647

10,360

Hire purchase contracts (see note 9)

110,057

249,571

Trade creditors

740,931

1,087,001

Taxation and social security

625,351

701,948

Other creditors

1,184,001

1,275,386

2,766,987

3,324,266

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

6,137

Hire purchase contracts (see note 9)

91,714

201,771

Other creditors

105,000

105,000

196,714

312,908

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

110,057

249,571

Between one and five years

91,714

201,771

201,771

451,342

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

169,717

167,393

Between one and five years

351,326

349,219

In more than five years

191,479

241,979

712,522

758,591

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdraft

100,496

-

Hire purchase contracts

201,771

451,342

302,267

451,342

The Hire Purchase is secured on stocks held.

The secured bank debt relates to an Invoice Financing arrangement which is secured on the book debt of the company.

11.	RELATED PARTY DISCLOSURES

P & A SIPP

The company rents premises, under an operating lease, from P A Group SIPP, the pension scheme of the directors.

During the year rent was paid to the pension scheme totalling £51,072 (2024: £9,939).

Dublin Analytical Instruments Limited

During the previous year the company acquired a 55% holding in Dublin Analytical Instruments Limited, a company registered in Eire.

The company received management charges and reimbursement of other expenses from Dublin Analytical Instruments Limited of £22,801 (2024: £5,539) in the year.

The company also received a dividend of £39,617 (2024: £NIL) from the subsidiary.

In addition to the above the company traded with Dublin Analytical Instruments Limited as follows::

Sales - £217,382, trade debtor balance at the end of the year £85,094

Purchases - £6,191, trade creditor balance at the end of the year Debit £149

12.	ULTIMATE CONTROLLING PARTY

The company is considered to be under the control of the directors acting in concert.