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REGISTERED NUMBER: 04774573 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Skeletal Imaging Limited

Skeletal Imaging Limited (Registered number: 04774573)






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


Skeletal Imaging Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Dr P O'Connor
Dr D Barron
Dr J Rankine
Dr P Robinson
Mrs L Rankine
Mrs O Robinson
Dr H Gupta
Dr O Pereira
Ms F Winter
Dr E Rowbotham
Mr C Clark
Dr R W Fawcett
Dr A Fawcett
Dr B Pass
Mrs R Pass
Dr J Baren
Mrs S Baren





SECRETARY: Dr P O'Connor





REGISTERED OFFICE: 3 Park Square
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 04774573 (England and Wales)





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

Skeletal Imaging Limited (Registered number: 04774573)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,855 2,472
1,855 2,472

CURRENT ASSETS
Debtors 6 288,991 270,675
Cash at bank 352,401 86,917
641,392 357,592
CREDITORS
Amounts falling due within one year 7 481,631 149,964
NET CURRENT ASSETS 159,761 207,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,616

210,100

PROVISIONS FOR LIABILITIES 8 370 470
NET ASSETS 161,246 209,630

CAPITAL AND RESERVES
Called up share capital 9 27,000 24,000
Share premium 10 14,000 7,000
Retained earnings 10 120,246 178,630
SHAREHOLDERS' FUNDS 161,246 209,630

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.

Skeletal Imaging Limited (Registered number: 04774573)

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 18 January 2024 and were signed on its behalf by:





Dr P O'Connor - Director


Skeletal Imaging Limited (Registered number: 04774573)

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

1. STATUTORY INFORMATION

Skeletal 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.

Goodwill
Goodwill is depreciated on a straight line basis.

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 - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Skeletal Imaging Limited (Registered number: 04774573)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 945,000
AMORTISATION
At 1 June 2022
and 31 May 2023 945,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 20,383
DEPRECIATION
At 1 June 2022 17,911
Charge for year 617
At 31 May 2023 18,528
NET BOOK VALUE
At 31 May 2023 1,855
At 31 May 2022 2,472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,454 19,138
Other debtors 13,000 3,000
Amounts owed from related undertakings 248,537 248,537
288,991 270,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 280,256 -
Corporation tax 150,034 98,623
Amounts owed to related undertakings 43,541 43,541
Accrued expenses 7,800 7,800
481,631 149,964

Skeletal Imaging Limited (Registered number: 04774573)

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

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 370 470

Deferred
tax
£   
Balance at 1 June 2022 470
Credit to Income Statement during year (100 )
Balance at 31 May 2023 370

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
27,000 Ordinary £1 27,000 24,000
(2022 - 24,000 )

3,000 Ordinary shares of £1 each were allotted as fully paid at a premium of £2.33 per share during the year.

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2022 178,630 7,000 185,630
Profit for the year 599,515 599,515
Dividends (657,899 ) (657,899 )
Cash share issue - 7,000 7,000
At 31 May 2023 120,246 14,000 134,246

Skeletal Imaging Limited (Registered number: 04774573)

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

11. RELATED PARTY DISCLOSURES

At 31 May 2023 the company was owed balances from related undertakings as detailed below:

31 May 2023 31 May 2022
£ £

Skeleton Imaging Ltd 73,588 73,588
Merlin Imaging Ltd 62,392 62,392
H & O Innovations Ltd 51,323 51,323
Swarthwaite Ltd 38,533 38,533
Sabrewing Ltd 22,701 22,701
--------------- -------------
248,537 248,537

At 31 May 2023 the company owed balances to related undertakings as detailed below:

31 May 2023 31 May 2022
£ £

Versalius Marketing Ltd 16,488 16,488
Apichisi Ltd 27,073 27,073
--------------- ---------------
43,541 43,541

The above undertakings are all related via common control.

12. ULTIMATE CONTROL

The company is under the ultimate control of the directors.