General Information
Applied Medical Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 03561938, registration address 21 Vision Business Park, Preston Place, Upper Caldecote, Biggleswade, SG18 9GQ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods adjusted for estimated customer returns.
Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Leasehold |
5 Years Straight Line |
| Plant and Machinery |
25% Reducing Balance
|
| Fixtures, Fittings & Furniture |
25% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Stocks
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 2).
|
| 3. |
Audit Information
The auditor's report on the accounts of Applied Medical Technology Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Jaswinder S Vasir (Senior Statutory Auditor)
for and on behalf of Desaur LLP, Chartered Certified Accountants Chartered Accountants and Registered Auditor on 08 June 2026.
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Leasehold |
|
Plant and Machinery |
|
Fixtures, Fittings & Furniture |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
5,668 |
|
6,194 |
|
10,229 |
|
30,220 |
|
52,311 |
| Additions |
13,665 |
|
3,241 |
|
174 |
|
5,826 |
|
22,906 |
| Disposals |
- |
|
- |
|
(1,441) |
|
(7,042) |
|
(8,483) |
| At 31 December 2025 |
19,333 |
|
9,435 |
|
8,962 |
|
29,004 |
|
66,734 |
| Depreciation |
| At 01 January 2025 |
1,134 |
|
3,672 |
|
8,652 |
|
20,305 |
|
33,763 |
| Charge for year |
5,688 |
|
1,441 |
|
391 |
|
3,516 |
|
11,036 |
| On disposals |
- |
|
- |
|
(1,253) |
|
(5,368) |
|
(6,621) |
| At 31 December 2025 |
6,822 |
|
5,113 |
|
7,790 |
|
18,453 |
|
38,178 |
| Net book values |
| Closing balance as at 31 December 2025 |
12,511 |
|
4,322 |
|
1,172 |
|
10,551 |
|
28,556 |
| Opening balance as at 01 January 2025 |
4,534 |
|
2,522 |
|
1,577 |
|
9,915 |
|
18,548 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
20
Ordinary shares of £1.00 each |
20 |
|
20 |
|
20 |
|
20 |
|
| 6. |
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| Particulars |
|
Current
£ |
|
Previous
£ |
| Not later than one year |
|
41,160 |
|
41,160 |
| Later than one year and not later than five years |
|
164,640 |
|
164,640 |
| Later than five years |
|
102,900 |
|
144,060 |
|
|
308,700 |
|
349,860 |
|
| 7. |
Related parties
The Company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
Included in the Profit and Loss account were services received from Accountancy Professionals Ltd of £252,347 (2024 : £239,153) and Heycroft Financial Management Ltd of £92,033 (2024 : £82,135), the ex-directors companies. At the year-end, the company owed £41,467 (2024 : £24,876) to Accountancy Professionals Ltd and £25,679 (2024 : £9,803 ) to Heycroft Financial Management Ltd, which are included in creditors.
|
| 8. |
Ultimate Controlling Party
The company's immediate and ultimate parent undertaking is Cane S.p.A. Cane S.p.A was incorporated in (Please enter country of incorporation). Copies of the group accounts may be contained from the secretary, 42/A via Cuorgne, Rivoli, Torino, 10098 Italy. The ultimate controlling party is CMF S.r.l who controls 100% of the shares of Applied Medical Technology Limited. |
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