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REGISTERED NUMBER: 10648171 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Merlin Imaging Limited

Merlin Imaging Limited (Registered number: 10648171)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merlin Imaging Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C Clark
Dr E Rowbotham





REGISTERED OFFICE: 3 Park Square East
Leeds
LS1 2NE





REGISTERED NUMBER: 10648171 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Merlin Imaging Limited (Registered number: 10648171)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,173
Tangible assets 5 33,796 14,357
Investments 6 3,000 3,000
36,796 19,530

CURRENT ASSETS
Debtors 7 271,963 149,145
Cash at bank 40,056 165,692
312,019 314,837
CREDITORS
Amounts falling due within one year 8 94,510 77,866
NET CURRENT ASSETS 217,509 236,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,305

256,501

CREDITORS
Amounts falling due after more than one
year

9

(15,892

)

(23,820

)

PROVISIONS FOR LIABILITIES 10 (6,421 ) (2,728 )
NET ASSETS 231,992 229,953

CAPITAL AND RESERVES
Called up share capital 11 3,000 3,000
Retained earnings 228,992 226,953
SHAREHOLDERS' FUNDS 231,992 229,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Merlin Imaging Limited (Registered number: 10648171)

Balance Sheet - continued
31 May 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





C Clark - Director


Merlin Imaging Limited (Registered number: 10648171)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Merlin Imaging 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services provided, excluding value added tax.

Goodwill
Goodwill is depreciated on a straight line basis over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

Merlin Imaging Limited (Registered number: 10648171)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 10,857
AMORTISATION
At 1 June 2022 8,684
Amortisation for year 2,173
At 31 May 2023 10,857
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 2,173

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 - 22,000 2,936 24,936
Additions 29,910 - - 29,910
At 31 May 2023 29,910 22,000 2,936 54,846
DEPRECIATION
At 1 June 2022 - 9,900 679 10,579
Charge for year 5,484 4,400 587 10,471
At 31 May 2023 5,484 14,300 1,266 21,050
NET BOOK VALUE
At 31 May 2023 24,426 7,700 1,670 33,796
At 31 May 2022 - 12,100 2,257 14,357

Merlin Imaging Limited (Registered number: 10648171)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 June 2022
and 31 May 2023 3,000
NET BOOK VALUE
At 31 May 2023 3,000
At 31 May 2022 3,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,709 -
Corporation tax recoverable 17,151 -
Amounts owed by related undertaking 149,930 142,180
Directors' current accounts 50,817 -
Prepayments 7,356 6,965
271,963 149,145

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 17,759 608
Amounts owed to related undertakings 62,392 62,392
Bank loan 8,742 8,742
Directors' current accounts - 821
Accrued expenses 5,617 5,303
94,510 77,866

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 15,892 23,820

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The bank loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,421 2,728

Merlin Imaging Limited (Registered number: 10648171)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2022 2,728
Charge to Income Statement during year 3,693
Balance at 31 May 2023 6,421

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,000 Ordinary £1 3,000 3,000

12. RELATED PARTY DISCLOSURES

During the year the company raised invoices totalling £80,000 (2022: £80,000) to Skeletal Imaging Limited, a company of which Mr C Clark and Dr E Rowbotham are both directors.

At 31 May 2023 the company owed an amount of £62,392 (2022: £62,392) to Skeletal Imaging Limited.

At 31 May 2023 the company was owed an amount of £149,930 (2022: £142,180) from Merlin Holiday Homes Limited, a company under the control of Mr C Clark.

At 31 May 2023 the company was owed an amount of £50,817 (2022: £Nil) from its directors.

During the year the company paid dividends of £15,000 (2022: £19,000) to its directors.

13. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.