Southern Canine Imaging Ltd
Registered number: 08208876
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,557 15,997
12,557 15,997
Current assets
Stocks 600 1,243
Debtors 4 1,911 1,115
Cash at bank and in hand 217,031 90,812
219,542 93,170
Creditors: amounts falling due within one year 5 (65,579) (19,111)
Net current assets 153,963 74,059
Total assets less current liabilities 166,520 90,056
Creditors: amounts falling due after more than one year 6 - -
Provisions for liabilities (2,718) (3,039)
Net assets 163,802 87,017
Capital and reserves
Called up share capital 2 2
Profit and loss account 163,800 87,015
Shareholders' funds 163,802 87,017
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marilyn Baker
Director
Approved by the board on 10 November 2023
Southern Canine Imaging Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 October 2022 33,486 33,486
Additions 746 746
Disposals - -
At 30 September 2023 34,232 34,232
Depreciation
At 1 October 2022 17,489 17,489
Charge for the year 4,186 4,186
On disposals - -
At 30 September 2023 21,675 21,675
Net book value
At 30 September 2023 12,557 12,557
At 30 September 2022 15,997 15,997
4 Debtors 2023 2022
£ £
Trade debtors 1,115 1,115
Other debtors 796 -
1,911 1,115
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,323 5,192
Corporation tax 36,331 2,693
Other taxes and social security costs 18,761 7,314
Other creditors 6,164 3,912
65,579 19,111
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - -
Trade creditors - -
Other creditors - -
- -
7 Other information
Southern Canine Imaging Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Ladybridge Road
Waterlooville
Hampshire
PO7 5RP
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