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REGISTERED NUMBER: 11331261 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Pass Radiology Limited

Pass Radiology Limited (Registered number: 11331261)






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


Pass Radiology Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Dr B Pass
Mrs R Pass





REGISTERED OFFICE: 3 Park Square
Leeds
LS1 2NE





REGISTERED NUMBER: 11331261 (England and Wales)





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

Pass Radiology Limited (Registered number: 11331261)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,320 24,343
Investments 5 12,000 12,000
60,320 36,343

CURRENT ASSETS
Debtors 6 34,472 46,709
Cash at bank 280,994 187,157
315,466 233,866
CREDITORS
Amounts falling due within one year 7 76,448 24,035
NET CURRENT ASSETS 239,018 209,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,338

246,174

CREDITORS
Amounts falling due after more than one
year

8

(37,710

)

(14,649

)

PROVISIONS FOR LIABILITIES 9 (9,183 ) (4,722 )
NET ASSETS 252,445 226,803

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 252,245 226,603
SHAREHOLDERS' FUNDS 252,445 226,803

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.

Pass Radiology Limited (Registered number: 11331261)

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 14 January 2025 and were signed on its behalf by:





Dr B Pass - Director


Pass Radiology Limited (Registered number: 11331261)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

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

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

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 2 (2023 - 2 ) .

Pass Radiology Limited (Registered number: 11331261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 243 65,500 5,121 70,864
Additions - 52,780 - 52,780
Disposals - (65,500 ) - (65,500 )
At 30 April 2024 243 52,780 5,121 58,144
DEPRECIATION
At 1 May 2023 243 44,758 1,520 46,521
Charge for year - 10,312 1,024 11,336
Eliminated on disposal - (48,033 ) - (48,033 )
At 30 April 2024 243 7,037 2,544 9,824
NET BOOK VALUE
At 30 April 2024 - 45,743 2,577 48,320
At 30 April 2023 - 20,742 3,601 24,343

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 12,000
NET BOOK VALUE
At 30 April 2024 12,000
At 30 April 2023 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 29,520 46,709
Prepayments 4,952 -
34,472 46,709

Pass Radiology Limited (Registered number: 11331261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 11,945 -
Tax 5,007 11,242
Bank loan 5,303 5,303
Directors' current accounts 49,210 4,960
Accrued expenses 4,983 2,530
76,448 24,035

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 27,872 -
Bank loan 9,838 14,649
37,710 14,649

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.

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 9,183 4,722

Deferred
tax
£   
Balance at 1 May 2023 4,722
Provided during year 4,461
Balance at 30 April 2024 9,183

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
200 200

Pass Radiology Limited (Registered number: 11331261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. RESERVES
Retained
earnings
£   

At 1 May 2023 226,603
Profit for the year 105,892
Dividends (80,250 )
At 30 April 2024 252,245

12. RELATED PARTY DISCLOSURES

During the year the company raised invoices totalling £80,000 (2023: 80,000) to Skeletal Imaging Limited a company of which Mr B Pass and Mrs R Pass are directors.

13. ULTIMATE CONTROL

The company is under the ultimate control of the directors.