Silverfin false false 31/05/2024 01/06/2023 31/05/2024 G A Hudd 19/05/2010 C A Hudd 19/05/2010 18 January 2025 The principal activity of the Company during the financial year was radiation consultancy services. 07259291 2024-05-31 07259291 bus:Director1 2024-05-31 07259291 bus:Director2 2024-05-31 07259291 2023-05-31 07259291 core:CurrentFinancialInstruments 2024-05-31 07259291 core:CurrentFinancialInstruments 2023-05-31 07259291 core:ShareCapital 2024-05-31 07259291 core:ShareCapital 2023-05-31 07259291 core:RetainedEarningsAccumulatedLosses 2024-05-31 07259291 core:RetainedEarningsAccumulatedLosses 2023-05-31 07259291 core:OtherPropertyPlantEquipment 2023-05-31 07259291 core:OtherPropertyPlantEquipment 2024-05-31 07259291 2023-06-01 2024-05-31 07259291 bus:FilletedAccounts 2023-06-01 2024-05-31 07259291 bus:SmallEntities 2023-06-01 2024-05-31 07259291 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07259291 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07259291 bus:Director1 2023-06-01 2024-05-31 07259291 bus:Director2 2023-06-01 2024-05-31 07259291 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-06-01 2024-05-31 07259291 2022-06-01 2023-05-31 07259291 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 07259291 (England and Wales)

RADPROS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

RADPROS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

RADPROS LIMITED

BALANCE SHEET

As at 31 May 2024
RADPROS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 725 539
Investment property 4 101,261 101,261
101,986 101,800
Current assets
Debtors 5 3,076 3,037
Cash at bank and in hand 488,197 461,872
491,273 464,909
Creditors: amounts falling due within one year 6 ( 26,484) ( 13,430)
Net current assets 464,789 451,479
Total assets less current liabilities 566,775 553,279
Net assets 566,775 553,279
Capital and reserves
Called-up share capital 4 4
Profit and loss account 566,771 553,275
Total shareholders' funds 566,775 553,279

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of RADPROS Limited (registered number: 07259291) were approved and authorised for issue by the Board of Directors on 18 January 2025. They were signed on its behalf by:

G A Hudd
Director
RADPROS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
RADPROS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RADPROS Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in . The address of the Company's registered office is:

Malabar
Hillfarance
Taunton
Somerset
TA4 3DU


The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2023 7,943 7,943
Additions 487 487
At 31 May 2024 8,430 8,430
Accumulated depreciation
At 01 June 2023 7,404 7,404
Charge for the financial year 301 301
At 31 May 2024 7,705 7,705
Net book value
At 31 May 2024 725 725
At 31 May 2023 539 539

4. Investment property

Investment property
£
Valuation
As at 01 June 2023 101,261
As at 31 May 2024 101,261

Valuation

The investment property was included in the accounts on 31 May 2024 at fair value by the directors. The basis of this valuation was open market value. This class of asset has a current value of £101,261 (2023: £101,261) and a carrying amount at historical cost of £101,261 (2023: £101,261). The depreciation on this historical cost is £Nil (2023: £Nil). There has been no valuation of investment property by an independent valuer.

5. Debtors

2024 2023
£ £
Trade debtors 3,076 3,037

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 880 283
Taxation and social security 20,061 10,509
Other creditors 5,543 2,638
26,484 13,430