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Company No: 09579432 (England and Wales)

RADIOGRAPHY SPECIALIST LIMITED

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

RADIOGRAPHY SPECIALIST LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

RADIOGRAPHY SPECIALIST LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
RADIOGRAPHY SPECIALIST LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 367 762
367 762
Current assets
Debtors 5 0 1,440
Cash at bank and in hand 13,379 9,615
13,379 11,055
Creditors: amounts falling due within one year 6 ( 13,379) ( 11,531)
Net current liabilities 0 (476)
Total assets less current liabilities 367 286
Provision for liabilities ( 70) ( 145)
Net assets 297 141
Capital and reserves
Called-up share capital 2 2
Profit and loss account 295 139
Total shareholder's funds 297 141

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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Radiography Specialist Limited (registered number: 09579432) were approved and authorised for issue by the Director on 26 February 2025. They were signed on its behalf by:

Nisha Patel
Director
RADIOGRAPHY SPECIALIST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
RADIOGRAPHY SPECIALIST 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

Radiography Specialist Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 13 Lamplighters Close, Hempstead, Gillingham, ME7 3NZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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.

Taxation

Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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 basis over its expected useful life, as follows:

Office equipment 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.

Impairment of assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3. Employees

2024 2023
Number Number
The average number of persons employed by the Company during the year amounted to: 1 1

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 June 2023 1,758 1,758
At 31 May 2024 1,758 1,758
Accumulated depreciation
At 01 June 2023 996 996
Charge for the financial year 395 395
At 31 May 2024 1,391 1,391
Net book value
At 31 May 2024 367 367
At 31 May 2023 762 762

5. Debtors

2024 2023
£ £
Trade debtors 0 1,440

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 349 3,897
Other creditors 13,030 7,634
13,379 11,531

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
At the year end the company owed the Director: 12,129 6,734