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REGISTERED NUMBER: SC241791 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

DIMENSIONAL IMAGING LIMITED

DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIMENSIONAL IMAGING LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Dr C Urquhart
D Green
T P Christian





SECRETARY: Dr C Urquhart





REGISTERED OFFICE: Hillington Park Innovation Centre
1 Ainslie Road
Hillington Industrial Estate
Glasgow
G52 4RU





REGISTERED NUMBER: SC241791 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 67,159 127,154
Tangible assets 5 50,727 63,431
Investments 6 4 4
117,890 190,589

CURRENT ASSETS
Stocks - 63,842
Debtors 7 87,474 368,394
Cash at bank 212,160 368,995
299,634 801,231
CREDITORS
Amounts falling due within one year 8 82,156 147,454
NET CURRENT ASSETS 217,478 653,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,368

844,366

CAPITAL AND RESERVES
Called up share capital 11,790 11,790
Share premium 2,835,981 2,835,981
Retained earnings (2,512,403 ) (2,003,405 )
335,368 844,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)

Balance Sheet - continued
30 APRIL 2024


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 11 June 2024 and were signed on its behalf by:





D Green - Director


DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Dimensional Imaging Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & equipment - 25% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is capitalised and amortised over the period from which the company is expected to benefit.

DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Defined contribution scheme amounts are charged to the profit and loss account in respect of pension costs and other retirement benefits based on the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 39,915 663,739 703,654
AMORTISATION
At 1 May 2023 39,914 536,586 576,500
Amortisation for year - 59,995 59,995
At 30 April 2024 39,914 596,581 636,495
NET BOOK VALUE
At 30 April 2024 1 67,158 67,159
At 30 April 2023 1 127,153 127,154

DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Tools & and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 26,280 15,201 410,774 452,255
Additions 230 - 27,658 27,888
At 30 April 2024 26,510 15,201 438,432 480,143
DEPRECIATION
At 1 May 2023 11,303 12,028 365,493 388,824
Charge for year 3,056 794 36,742 40,592
At 30 April 2024 14,359 12,822 402,235 429,416
NET BOOK VALUE
At 30 April 2024 12,151 2,379 36,197 50,727
At 30 April 2023 14,977 3,173 45,281 63,431

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 4
NET BOOK VALUE
At 30 April 2024 4
At 30 April 2023 4

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,638 352,608
Other debtors 34,836 15,786
87,474 368,394

DIMENSIONAL IMAGING LIMITED (REGISTERED NUMBER: SC241791)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,273 40,595
Taxation and social security 14,129 39,536
Other creditors 24,754 67,323
82,156 147,454