MEDISCAN DIAGNOSTIC SERVICES LTD
Registered number: 06228910
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 606,893 592,097
Current assets
Debtors 4 236,189 191,207
Cash at bank and in hand 65,329 29,627
301,518 220,834
Creditors: amounts falling due within one year 5 (608,423) (381,542)
Net current liabilities (306,905) (160,708)
Total assets less current liabilities 299,988 431,389
Creditors: amounts falling due after more than one year 6 (180,239) (340,608)
Net assets 119,749 90,781
Capital and reserves
Called up share capital 101 101
Profit and loss account 119,648 90,680
Shareholders' funds 119,749 90,781
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 and delivered 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.
E Noman
Director
Approved by the board on 18 November 2024
MEDISCAN DIAGNOSTIC SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2024
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,517,047
Additions 102,708
At 31 March 2024 1,619,755
Depreciation
At 1 April 2023 924,950
Charge for the year 87,912
At 31 March 2024 1,012,862
Net book value
At 31 March 2024 606,893
At 31 March 2023 592,097
4 Debtors 2024 2023
£ £
Trade debtors 236,189 126,859
Other debtors - 64,348
236,189 191,207
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 85,180 85,180
Trade creditors 48,218 10,428
Other taxes and social security costs 302,851 285,934
Other creditors 172,174 -
608,423 381,542
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,980 37,035
Obligations under finance lease and hire purchase contracts 160,259 303,573
180,239 340,608
7 Other information
MEDISCAN DIAGNOSTIC SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit B2-36
Tameside Business Park
Windmill Lane
Manchester
M34 3QS
MEDISCAN DIAGNOSTIC SERVICES LTD 06228910 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 E Noman No description of principal activity 06228910 2022-04-01 2023-03-31 06228910 core:WithinOneYear 2023-03-31 06228910 core:AfterOneYear 2023-03-31 06228910 core:ShareCapital 2023-03-31 06228910 core:RetainedEarningsAccumulatedLosses 2023-03-31 06228910 2023-04-01 2024-03-31 06228910 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06228910 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06228910 bus:Director40 2023-04-01 2024-03-31 06228910 core:PlantMachinery 2023-04-01 2024-03-31 06228910 countries:England 2023-04-01 2024-03-31 06228910 bus:FRS102 2023-04-01 2024-03-31 06228910 bus:FilletedAccounts 2023-04-01 2024-03-31 06228910 2024-03-31 06228910 core:WithinOneYear 2024-03-31 06228910 core:AfterOneYear 2024-03-31 06228910 core:ShareCapital 2024-03-31 06228910 core:RetainedEarningsAccumulatedLosses 2024-03-31 06228910 core:PlantMachinery 2024-03-31 06228910 2023-03-31 06228910 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure