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REGISTERED NUMBER: 03492885 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CMC IMAGING SERVICES LIMITED

CMC IMAGING SERVICES LIMITED (REGISTERED NUMBER: 03492885)

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

Chartered Accountants' Report 8

CMC IMAGING SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Dr D J Beale
Lodders Nominees Limited





SECRETARY: Dr D J Beale





REGISTERED OFFICE: 70 Priory Road
Kenilworth
Warwickshire
CV8 1LQ





REGISTERED NUMBER: 03492885 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

CMC IMAGING SERVICES LIMITED (REGISTERED NUMBER: 03492885)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,011,185 4,044,360
Investments 5 100 100
8,011,285 4,044,460

CURRENT ASSETS
Debtors 6 3,446,682 1,965,364
Cash at bank 1,018,147 1,551,542
4,464,829 3,516,906
CREDITORS
Amounts falling due within one year 7 1,230,255 914,318
NET CURRENT ASSETS 3,234,574 2,602,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,245,859

6,647,048

CREDITORS
Amounts falling due after more than one
year

8

(5,656,610

)

(1,794,375

)

PROVISIONS FOR LIABILITIES (752,404 ) (187,512 )
NET ASSETS 4,836,845 4,665,161

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 4,836,843 4,665,159
4,836,845 4,665,161

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.

CMC IMAGING SERVICES LIMITED (REGISTERED NUMBER: 03492885)

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 28 January 2025 and were signed on its behalf by:





Dr D J Beale - Director


CMC IMAGING SERVICES LIMITED (REGISTERED NUMBER: 03492885)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Cmc Imaging Services 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 33 (2023 - 32 ) .

CMC IMAGING SERVICES LIMITED (REGISTERED NUMBER: 03492885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 3,353,013 3,688,988 7,042,001
Additions 1,916,067 2,412,280 4,328,347
Disposals - (8,084 ) (8,084 )
At 30 April 2024 5,269,080 6,093,184 11,362,264
DEPRECIATION
At 1 May 2023 694,550 2,303,091 2,997,641
Charge for year 81,436 272,339 353,775
Eliminated on disposal - (337 ) (337 )
At 30 April 2024 775,986 2,575,093 3,351,079
NET BOOK VALUE
At 30 April 2024 4,493,094 3,518,091 8,011,185
At 30 April 2023 2,658,463 1,385,897 4,044,360

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 380,703 417,169
Amounts owed by group undertakings 1,993,546 678,703
Other debtors 1,072,433 869,492
3,446,682 1,965,364

CMC IMAGING SERVICES LIMITED (REGISTERED NUMBER: 03492885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 183,517 155,000
Trade creditors 273,900 121,998
Taxation and social security 43,231 158,055
Other creditors 729,607 479,265
1,230,255 914,318

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,881,018 1,016,041
Other creditors 2,775,592 778,334
5,656,610 1,794,375

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,064,535 1,171,041

Bank loans are secured by a fixed and floating charge over the company's assets.

10. RELATED PARTY DISCLOSURES

At the end of the year Dr D Beale had an overdrawn loan account of £540,565 (2023: £521,655).

Within debtors there is an amount due from the company's subsidiary company CMC Imaging Services (Scanner) Limited of £1,993,546 (2023:£678,603).

The controlling party is Dr D J Beale.

CMC IMAGING SERVICES LIMITED (REGISTERED NUMBER: 03492885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


11. FINANCE LEASE OBLIGATIONS

Future minimum lease payments due under finance leases:

2024 2023
Within one year 391.849 189,391
In two to five years 1,491,468 627,166
In over five years 1,284,126 151,168
3,167,443 967,725

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 4 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CMC IMAGING SERVICES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cmc Imaging Services Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cmc Imaging Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cmc Imaging Services Limited and state those matters that we have agreed to state to the Board of Directors of Cmc Imaging Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cmc Imaging Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cmc Imaging Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cmc Imaging Services Limited. You consider that Cmc Imaging Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cmc Imaging Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY


28 January 2025