Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.Radiology servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2017-04-01 07172203 2017-04-01 2018-03-31 07172203 2016-04-01 2017-03-31 07172203 2018-03-31 07172203 2017-03-31 07172203 c:CompanySecretary1 2017-04-01 2018-03-31 07172203 c:Director1 2017-04-01 2018-03-31 07172203 c:Director2 2017-04-01 2018-03-31 07172203 c:RegisteredOffice 2017-04-01 2018-03-31 07172203 d:OfficeEquipment 2017-04-01 2018-03-31 07172203 d:OfficeEquipment 2018-03-31 07172203 d:OfficeEquipment 2017-03-31 07172203 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 07172203 d:CurrentFinancialInstruments 2018-03-31 07172203 d:CurrentFinancialInstruments 2017-03-31 07172203 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 07172203 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 07172203 d:ShareCapital 2018-03-31 07172203 d:ShareCapital 2017-03-31 07172203 d:RetainedEarningsAccumulatedLosses 2018-03-31 07172203 d:RetainedEarningsAccumulatedLosses 2017-03-31 07172203 c:FRS102 2017-04-01 2018-03-31 07172203 c:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 07172203 c:FullAccounts 2017-04-01 2018-03-31 07172203 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 07172203 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2017-04-01 2018-03-31 07172203 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2018-03-31 07172203 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2017-03-31 07172203 d:WithinOneYear 2018-03-31 07172203 d:WithinOneYear 2017-03-31 07172203 d:BetweenOneFiveYears 2018-03-31 07172203 d:BetweenOneFiveYears 2017-03-31 07172203 c:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 07172203 c:ConsolidatedGroupCompanyAccounts 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 07172203









RWMH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2018

 
RWMH LIMITED
 
 
COMPANY INFORMATION


Directors
Dr R W Goodwin 
Mrs R C Goodwin 




Company secretary
Mrs R C Goodwin



Registered number
07172203



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
RWMH LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 
RWMH LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RWMH LIMITED
FOR THE YEAR ENDED 31 MARCH 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RWMH Limited for the year ended 31 March 2018 which comprise the Balance sheet and the related notes from the Company accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the Board of directors of RWMH Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2014Our work has been undertaken solely to prepare for your approval the financial statements of RWMH Limited and state those matters that we have agreed to state to the Board of directors of RWMH Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RWMH Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that RWMH Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of RWMH Limited. You consider that RWMH Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of RWMH Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

6 November 2018
Page 1

 
RWMH LIMITED
REGISTERED NUMBER: 07172203

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
£
£

Fixed assets
  

Tangible assets
 4 
1,396
1,212

  
1,396
1,212

Current assets
  

Debtors: amounts falling due within one year
 5 
18,820
23,325

Cash at bank and in hand
  
5,265
5,437

  
24,085
28,762

Creditors: amounts falling due within one year
 6 
(12,585)
(10,804)

Net current assets
  
 
 
11,500
 
 
17,958

Total assets less current liabilities
  
12,896
19,170

Provisions for liabilities
  

Deferred tax
  
(265)
(229)

  
 
 
(265)
 
 
(229)

Net assets
  
12,631
18,941


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
12,531
18,841

  
12,631
18,941


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
Page 2

 
RWMH LIMITED
REGISTERED NUMBER: 07172203
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 November 2018.





Dr R W Goodwin
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
RWMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The company's principal activity is that of radiology services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of radiology services supplied during the year.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
RWMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 
2.7

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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 April 2016 to continue to be charged over the period to the first market rent review rather than the term of the lease.

Page 5

 
RWMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 6

 
RWMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 2).

Page 7

 
RWMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2017
6,305


Additions
950



At 31 March 2018

7,255



Depreciation


At 1 April 2017
5,093


Charge for the year on owned assets
766



At 31 March 2018

5,859



Net book value



At 31 March 2018
1,396



At 31 March 2017
1,212


5.


Debtors

2018
2017
£
£


Trade debtors
18,820
20,558

Other debtors
-
416

Prepayments
-
2,351

18,820
23,325


Page 8

 
RWMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

6.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
5,564
3,864

Other creditors
2,449
-

Accruals
4,572
6,940

12,585
10,804



7.


Commitments under operating leases

At 31 March 2018 the Company had future minimum lease payments under non-cancellable operating leases as follows:

2018
2017
£
£


Not later than 1 year
4,760
4,760

Later than 1 year and not later than 5 years
2,777
7,537

7,537
12,297


8.


Transactions with directors

As at 1 April 2017, the overdrawn balance on the directors' loan account was £416
During the year advances of £27,395 were made and amounts repaid totalled £30,260.
As at 31 March 2018, the balance due from the Company to the directors was £2,449. This loan is interest free with no set date for repayment and is included within note 6 of the financial statements.

 
Page 9