IRIS Accounts Production v24.3.0.553 13900657 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 3467 3467 3467 3467 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139006572023-03-31139006572024-03-31139006572023-04-012024-03-31139006572022-02-07139006572022-02-082023-03-31139006572023-03-3113900657ns15:EnglandWales2023-04-012024-03-3113900657ns14:PoundSterling2023-04-012024-03-3113900657ns10:Director12023-04-012024-03-3113900657ns10:Director22023-04-012024-03-3113900657ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113900657ns10:SmallEntities2023-04-012024-03-3113900657ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113900657ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113900657ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113900657ns10:FullAccounts2023-04-012024-03-3113900657ns10:OrdinaryShareClass12023-04-012024-03-3113900657ns10:OrdinaryShareClass22023-04-012024-03-3113900657ns10:OrdinaryShareClass32023-04-012024-03-3113900657ns10:OrdinaryShareClass42023-04-012024-03-3113900657ns10:Director2422023-03-3113900657ns10:Director2422022-02-082023-03-3113900657ns10:Director2422023-04-012024-03-3113900657ns10:Director2422023-03-3113900657ns5:CurrentFinancialInstruments2024-03-3113900657ns5:CurrentFinancialInstruments2023-03-3113900657ns5:ShareCapital2024-03-3113900657ns5:ShareCapital2023-03-3113900657ns5:RetainedEarningsAccumulatedLosses2024-03-3113900657ns5:RetainedEarningsAccumulatedLosses2023-03-3113900657ns10:RegisteredOffice2023-04-012024-03-3113900657ns5:FurnitureFittings2023-04-012024-03-3113900657ns5:MotorVehicles2023-04-012024-03-3113900657ns5:ComputerEquipment2023-04-012024-03-3113900657ns5:FurnitureFittings2023-03-3113900657ns5:MotorVehicles2023-03-3113900657ns5:ComputerEquipment2023-03-3113900657ns5:FurnitureFittings2024-03-3113900657ns5:MotorVehicles2024-03-3113900657ns5:ComputerEquipment2024-03-3113900657ns5:FurnitureFittings2023-03-3113900657ns5:MotorVehicles2023-03-3113900657ns5:ComputerEquipment2023-03-3113900657ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113900657ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113900657ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3113900657ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3113900657ns5:DeferredTaxation2023-03-3113900657ns5:DeferredTaxation2023-04-012024-03-3113900657ns5:DeferredTaxation2024-03-3113900657ns10:OrdinaryShareClass12024-03-3113900657ns10:OrdinaryShareClass22024-03-3113900657ns10:OrdinaryShareClass32024-03-3113900657ns10:OrdinaryShareClass42024-03-31139006571ns10:Director12023-03-31139006571ns10:Director12022-02-07139006571ns10:Director12023-04-012024-03-31139006571ns10:Director12022-02-082023-03-31139006571ns10:Director12024-03-31139006571ns10:Director12023-03-31
REGISTERED NUMBER: 13900657 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

SGW RADIOLOGY SERVICES LIMITED

SGW RADIOLOGY SERVICES LIMITED (REGISTERED NUMBER: 13900657)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


SGW RADIOLOGY SERVICES LIMITED (REGISTERED NUMBER: 13900657)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 40,638 52,195

CURRENT ASSETS
Debtors 6 15,081 23,462
Cash at bank 154,394 55,648
169,475 79,110
CREDITORS
Amounts falling due within one year 7 34,820 24,439
NET CURRENT ASSETS 134,655 54,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,293

106,866

PROVISIONS FOR LIABILITIES 8 10,160 13,832
NET ASSETS 165,133 93,034

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 165,033 92,934
SHAREHOLDERS' FUNDS 165,133 93,034

SGW RADIOLOGY SERVICES LIMITED (REGISTERED NUMBER: 13900657)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




Dr S G Watson - Director



Mr B M Tibbalds - Director


SGW RADIOLOGY SERVICES LIMITED (REGISTERED NUMBER: 13900657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

SGW Radiology Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13900657

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for services provided during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SGW RADIOLOGY SERVICES LIMITED (REGISTERED NUMBER: 13900657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SGW RADIOLOGY SERVICES LIMITED (REGISTERED NUMBER: 13900657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Motor Office
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,148 57,090 - 58,238
Additions - - 1,919 1,919
At 31 March 2024 1,148 57,090 1,919 60,157
DEPRECIATION
At 1 April 2023 96 5,947 - 6,043
Charge for year 210 12,786 480 13,476
At 31 March 2024 306 18,733 480 19,519
NET BOOK VALUE
At 31 March 2024 842 38,357 1,439 40,638
At 31 March 2023 1,052 51,143 - 52,195

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,000 19,500
Other debtors 400 -
Directors' current account - 3,467
Prepayments and accrued income 681 495
15,081 23,462

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 29,900 20,806
PAYE and social security 158 60
Other creditors 3,032 2,926
Directors' current account 41 -
Accruals and deferred income 1,689 647
34,820 24,439

SGW RADIOLOGY SERVICES LIMITED (REGISTERED NUMBER: 13900657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 10,160 13,832

Deferred
tax
£   
Balance at 1 April 2023 13,832
Provided during year (3,672 )
Balance at 31 March 2024 10,160

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary £1 85 85
5 Ordinary A £1 5 5
5 Ordinary B £1 5 5
5 Ordinary C £1 5 5
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Dr S G Watson and Mr B M Tibbalds
Balance outstanding at start of year 3,467 -
Amounts advanced - 3,467
Amounts repaid (3,467 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,467

Advances to the directors are interest free and repayable on demand.