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REGISTERED NUMBER: 10696454 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Vision Diagnostic Imaging Limited

Vision Diagnostic Imaging Limited (Registered number: 10696454)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Report of the Accountant 2

Balance Sheet 3

Notes to the Financial Statements 5


Vision Diagnostic Imaging Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Dr M M Costello





SECRETARY:





REGISTERED OFFICE: Culver House
High Street
Arlingham
Gloucester
GL2 7JN





REGISTERED NUMBER: 10696454 (England and Wales)





ACCOUNTANT: James Bishop
Accounting Services
Suite E
The Old Dutch Barn
Westend Office Suites
Stonehouse
Gloucestershire
GL10 3GE

Vision Diagnostic Imaging Limited

Report of the Accountant to the Director of
Vision Diagnostic Imaging Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






James Bishop
Accounting Services
Suite E
The Old Dutch Barn
Westend Office Suites
Stonehouse
Gloucestershire
GL10 3GE


31 January 2025

Vision Diagnostic Imaging Limited (Registered number: 10696454)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,055 42,001
29,055 42,001

CURRENT ASSETS
Debtors 6 68,547 11,408
Cash at bank 209,681 264,813
278,228 276,221
CREDITORS
Amounts falling due within one year 7 66,205 94,035
NET CURRENT ASSETS 212,023 182,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,078

224,187

PROVISIONS FOR LIABILITIES 5,520 8,044
NET ASSETS 235,558 216,143

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 235,458 216,043
235,558 216,143

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 director acknowledges her 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.

Vision Diagnostic Imaging Limited (Registered number: 10696454)

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 director and authorised for issue on 31 January 2025 and were signed by:





Dr M M Costello - Director


Vision Diagnostic Imaging Limited (Registered number: 10696454)

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

1. STATUTORY INFORMATION

Vision Diagnostic Imaging 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & machinery - 25 per cent on cost
Computer equipment - 33 per cent on cost
Fixtures & fittings - 25 per cent on cost
Motor vehicles - 33 per cent 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.

Vision Diagnostic Imaging Limited (Registered number: 10696454)

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 150,000
AMORTISATION
At 1 May 2023
and 30 April 2024 150,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 136,993
Additions 2,829
At 30 April 2024 139,822
DEPRECIATION
At 1 May 2023 94,992
Charge for year 15,775
At 30 April 2024 110,767
NET BOOK VALUE
At 30 April 2024 29,055
At 30 April 2023 42,001

Vision Diagnostic Imaging Limited (Registered number: 10696454)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,547 11,408

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 21,483 29,747
Other creditors 44,722 64,288
66,205 94,035

8. RELATED PARTY DISCLOSURES

The company owed the director, Dr MM Costello, £42,457 (2023: £62,173) at the year end. There are no set repayment terms and no interest has been paid on this balance.

Dividends of £20,000 (2023: £50,440) were paid to Dr MM Costello, the sole director and shareholder.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Dr M M Costello.