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Registration number: 10700853

Mark Thornton Radiology Services Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Mark Thornton Radiology Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Mark Thornton Radiology Services Limited

Company Information

Directors

M J Thornton

C M Grant

Registered office

The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

Accountants

Burton Sweet Ltd
Chartered Accountants & Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

Mark Thornton Radiology Services Limited

(Registration number: 10700853)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

843

1,124

Current assets

 

Debtors

5

25,143

92,087

Cash at bank and in hand

 

714,856

426,766

 

739,999

518,853

Creditors: Amounts falling due within one year

6

(58,245)

(47,545)

Net current assets

 

681,754

471,308

Net assets

 

682,597

472,432

Capital and reserves

 

Called up share capital

5

5

Retained earnings

682,592

472,427

Shareholders' funds

 

682,597

472,432

 

Mark Thornton Radiology Services Limited

(Registration number: 10700853)
Balance Sheet
31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

.........................................
M J Thornton
Director

 

Mark Thornton Radiology Services Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Mark Thornton Radiology Services Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Mark Thornton Radiology Services Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

4

Tangible assets

Office equipment
£

Cost or valuation

At 1 April 2022

2,426

At 31 March 2023

2,426

Depreciation

At 1 April 2022

1,302

Charge for the year

281

At 31 March 2023

1,583

Carrying amount

At 31 March 2023

843

At 31 March 2022

1,124

5

Debtors

2023
£

2022
£

Trade debtors

25,143

40,639

Other debtors

-

51,448

25,143

92,087

 

Mark Thornton Radiology Services Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

56,627

46,554

Other creditors

 

1,618

991

 

58,245

47,545

7

Related party transactions

Loans to related parties

2023

Key management
£

At start of period

(51,448)

Advanced

(552)

Repaid

52,542

At end of period

542

2022

Key management
£

At start of period

552

Advanced

(67,552)

Repaid

15,552

At end of period

(51,448)