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REGISTERED NUMBER: 10652988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Musculoskeletal Imaging & Education
Limited

Musculoskeletal Imaging & Education
Limited (Registered number: 10652988)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Musculoskeletal Imaging & Education
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Dr A Grainger
Mrs S Grainger





REGISTERED OFFICE: 3 Park Square
Leeds
LS1 2NE





REGISTERED NUMBER: 10652988 (England and Wales)





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

Musculoskeletal Imaging & Education
Limited (Registered number: 10652988)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,218 1,704
2,218 1,704

CURRENT ASSETS
Cash at bank 88,852 39,738

CREDITORS
Amounts falling due within one year 6 32,290 15,629
NET CURRENT ASSETS 56,562 24,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,780

25,813

CREDITORS
Amounts falling due after more than one
year

7

(1,827

)

(3,802

)

PROVISIONS FOR LIABILITIES 8 (502 ) (324 )
NET ASSETS 56,451 21,687

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 9 53,451 18,687
SHAREHOLDERS' FUNDS 56,451 21,687

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

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

Musculoskeletal Imaging & Education
Limited (Registered number: 10652988)

Balance Sheet - continued
31 May 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 16 January 2025 and were signed on its behalf by:





Dr A Grainger - Director


Musculoskeletal Imaging & Education
Limited (Registered number: 10652988)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Musculoskeletal Imaging & Education 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, excluding value added tax.

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 - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Musculoskeletal Imaging & Education
Limited (Registered number: 10652988)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,857
AMORTISATION
At 1 June 2023
and 31 May 2024 10,857
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023 - 2,999 2,999
Additions 1,188 - 1,188
At 31 May 2024 1,188 2,999 4,187
DEPRECIATION
At 1 June 2023 - 1,295 1,295
Charge for year 74 600 674
At 31 May 2024 74 1,895 1,969
NET BOOK VALUE
At 31 May 2024 1,114 1,104 2,218
At 31 May 2023 - 1,704 1,704

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Corporation tax 21,769 4,839
Bank loan 2,131 2,131
Directors' current accounts 68 337
Accrued expenses 8,322 8,322
32,290 15,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loan 1,827 3,802

Musculoskeletal Imaging & Education
Limited (Registered number: 10652988)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 502 324

Deferred
tax
£   
Balance at 1 June 2023 324
Provided during year 178
Balance at 31 May 2024 502

9. RESERVES
Retained
earnings
£   

At 1 June 2023 18,687
Profit for the year 74,864
Dividends (40,100 )
At 31 May 2024 53,451

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.