IRIS Accounts Production v18.3.0.590 08210357 director 1.4.17 31.3.18 31.3.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082103572017-03-31082103572018-03-31082103572017-04-012018-03-31082103572016-03-31082103572016-04-012017-03-31082103572017-03-3108210357ns15:EnglandWales2017-04-012018-03-3108210357ns14:PoundSterling2017-04-012018-03-3108210357ns10:Director12017-04-012018-03-3108210357ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3108210357ns10:SmallEntities2017-04-012018-03-3108210357ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3108210357ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3108210357ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3108210357ns10:FullAccounts2017-04-012018-03-3108210357ns10:RegisteredOffice2017-04-012018-03-3108210357ns5:CurrentFinancialInstruments2018-03-3108210357ns5:CurrentFinancialInstruments2017-03-3108210357ns5:ShareCapital2018-03-3108210357ns5:ShareCapital2017-03-3108210357ns5:RetainedEarningsAccumulatedLosses2018-03-3108210357ns5:RetainedEarningsAccumulatedLosses2017-03-3108210357ns5:PlantMachinery2017-04-012018-03-3108210357ns5:PlantMachinery2017-03-3108210357ns5:PlantMachinery2018-03-3108210357ns5:PlantMachinery2017-03-3108210357ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3108210357ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3108210357ns10:Director112017-03-3108210357ns10:Director112016-03-3108210357ns10:Director112017-04-012018-03-3108210357ns10:Director112016-04-012017-03-3108210357ns10:Director112018-03-3108210357ns10:Director112017-03-31


REGISTERED NUMBER: 08210357 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED

RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 08210357)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: W M Bailey





REGISTERED OFFICE: Regency Court
62-66 Deansgate
Manchester
M3 2EN





REGISTERED NUMBER: 08210357 (England and Wales)





ACCOUNTANTS: Sedulo Accountants Limited
Chartered Certified Accountants
Regency Court
62-66 Deansgate
Manchester
Lancashire
M3 2EN

RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 08210357)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228 341

CURRENT ASSETS
Debtors 5 8,660 61,901
Cash at bank 66,165 26,507
74,825 88,408
CREDITORS
Amounts falling due within one year 6 47,104 19,701
NET CURRENT ASSETS 27,721 68,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,949

69,048

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,849 68,948
SHAREHOLDERS' FUNDS 27,949 69,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 May 2018 and were signed by:





W M Bailey - Director


RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 08210357)

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


1. STATUTORY INFORMATION

Radiology Solutions (North West) Limited 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.

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 reducing balance

RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 08210357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is
a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at present
value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable
within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of the future payments
discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 08210357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


2. ACCOUNTING POLICIES - continued
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.

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 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 1,375
DEPRECIATION
At 1 April 2017 1,034
Charge for year 113
At 31 March 2018 1,147
NET BOOK VALUE
At 31 March 2018 228
At 31 March 2017 341

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors - 775
Amounts owed by group undertakings 8,660 -
Other debtors - 61,126
8,660 61,901

RADIOLOGY SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 08210357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 1 -
Amounts owed to group undertakings - 615
Taxation and social security 45,928 18,126
Other creditors 1,175 960
47,104 19,701

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and
31 March 2017:

31.3.18 31.3.17
£    £   
W M Bailey
Balance outstanding at start of year 61,126 (18,149 )
Amounts advanced 110,775 152,398
Amounts repaid (172,116 ) (73,123 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (215 ) 61,126