REGISTERED NUMBER: 05119865 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

VACULEX UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Holmsten

D P Collins

SECRETARY:

REGISTERED OFFICE:

6th Floor

Trigate

210-222 Hagley Road West

Birmingham

West Midlands

B68 0NP

REGISTERED NUMBER:

05119865 (England and Wales)

ACCOUNTANTS:

D.J. Beer & Co

335 Jockey Road

Sutton Coldfield

West Midlands

B73 5XE

FIXED ASSETS

Tangible assets

4

44,817

CURRENT ASSETS

Stocks

85,241

Debtors

5

445,966

531,207

CREDITORS

Amounts falling due within one year

6

522,335

NET CURRENT ASSETS

8,872

TOTAL ASSETS LESS CURRENT LIABILITIES

53,689

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

53,589

SHAREHOLDERS' FUNDS

53,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 March 2017 and were signed on its behalf by:

D P Collins - Director

1.	STATUTORY INFORMATION

VACULEX UK 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about VACULEX UK LTD as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

115,692

DEPRECIATION

At 1 January 2016

55,935

Charge for year

14,940

At 31 December 2016

70,875

NET BOOK VALUE

At 31 December 2016

44,817

At 31 December 2015

59,757

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

378,016

Amounts owed by group undertakings

58,137

Other debtors

9,813

445,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

53,521

Trade creditors

28,472

Amounts owed to group undertakings

98,357

Taxation and social security

129,383

Other creditors

212,602

522,335

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank overdraft

53,521

A debenture dated 31st October 2006 securing all monies due or due to become from the company to Nordea

Bank Plc on any account whatsoever was registered pursuant to Chapter 1 Part X11 of the Companies Act 1985

on the 3rd November 2006.

8.	OTHER FINANCIAL COMMITMENTS

The accounts have been prepared on a going concern basis and the parent company Vaculex AB (Sweden) will

continue to support the UK company now and in the foreseeable future.

9.	RELATED PARTY DISCLOSURES