Company Overview
De Smit Medical Systems Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 06 May 2008, so this is a well established company. De Smit Medical Systems Limited has been in business for 16 years. The accounts status is total exemption full and the accounts are next due on Sunday 31 March 2024.
Registered Address

584 Wellsway, Bath, Somerset, BA2 2UE
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Companies House Data
Company NameDE SMIT MEDICAL SYSTEMS LIMITED
Company Number06585345
Registered Office Address584 Wellsway
 BA2 2UE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date06/05/2008
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2024
Accounts Last Made Up Date30/06/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date03/06/2017
Returns Last Made Up Date06/05/2016
Directors & Members
Show Resigned
Lyn De Smit - Director
(British, 65 years old, born March 1959)
Director - Appointed 25 March 2014
 Active
Jo-Anna Simmonds - Director
(British, 42 years old, born July 1982)
Director - Appointed 06 October 2014
 Active
Martyn White - Director
(British, 66 years old, born September 1958)
Business Development Director - Appointed 03 May 2022
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Lyn De Smit
No companies found
Jo-Anna Simmonds
No companies found
Martyn White
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Jun-2022 30-Jun-2021 30-Jun-2020
Balance Sheet
Fixed Assets 72,015 72,272 34,901
Current Assets 3,717,489 2,797,246 1,614,947
Creditors Due Within One Year 681,129 637,165 298,633
Working Cap 3,036,360 2,160,081 1,316,314
Total Assets Less Current Liabilities 3,108,375 2,232,353 1,351,215
Long-term Liabilities 13,683 13,732 6,631
Net Assets 3,094,692 2,218,621 1,344,584
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 3,094,692 2,218,621 1,344,584
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2022 30-Jun-2021 30-Jun-2020
Tangible Fixed Assets - - -
Fixed Assets 1.9% 2.5% 2.1%
Stocks Inventory - - -
Debtors 8.9% 9.5% 9.0%
Cash Bank In Hand 71.4% 68.6% 58.9%
Current Assets 98.1% 97.5% 97.9%
Creditors Due Within One Year 18.0% 22.2% 18.1%
Net Current Assets Liabilities 80.1% 75.3% 79.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 81.7% 77.3% 81.5%
Capital Employed - - -
Total Assets Less Current Liabilities 82.0% 77.8% 81.9%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2022 30-Jun-2021 30-Jun-2020
Liquidity Ratio 5.5 4.4 5.4
Solvency Ratio 5.5 4.4 5.4
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2022 30-Jun-2021 30-Jun-2020
Assets 3,789,504 2,869,518 1,649,848
Debt 694,812 650,897 305,264
Net Assets/Debt 3,094,692 2,218,621 1,344,584
The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 6 May 2024 with updates
Director's details changed for Mr Martyn Leslie White on 18 April 2024
Director's details changed for Mrs Jo-Anna Leigh Simmonds on 18 April 2024
Director's details changed for Mrs Lyn De Smit on 18 April 2024
Director's details changed for Mrs Lyn De Smit on 17 July 2023
Confirmation statement made on 6 May 2023 with updates
Appointment of Mr Martyn Leslie White as a director on 3 May 2022
Confirmation statement made on 6 May 2022 with updates
Confirmation statement made on 6 May 2021 with updates
Notification of De Smit Medical (Holdings) Ltd as a person with significant control on 9 April 2021
Cessation of Lyn De Smit as a person with significant control on 9 April 2021
Confirmation statement made on 6 May 2020 with updates
Confirmation statement made on 6 May 2019 with updates
Confirmation statement made on 6 May 2018 with updates
Confirmation statement made on 6 May 2017 with updates
Annual return made up to 6 May 2016 with full list of shareholders
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