IRIS Accounts Production v24.3.2.46 04678406 director 29.3.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046784062023-03-28046784062024-03-31046784062023-03-292024-03-31046784062022-03-28046784062022-03-292023-03-28046784062023-03-2804678406ns15:EnglandWales2023-03-292024-03-3104678406ns14:PoundSterling2023-03-292024-03-3104678406ns10:Director12023-03-292024-03-3104678406ns10:PrivateLimitedCompanyLtd2023-03-292024-03-3104678406ns10:SmallEntities2023-03-292024-03-3104678406ns10:AuditExempt-NoAccountantsReport2023-03-292024-03-3104678406ns10:SmallCompaniesRegimeForDirectorsReport2023-03-292024-03-3104678406ns10:SmallCompaniesRegimeForAccounts2023-03-292024-03-3104678406ns10:FullAccounts2023-03-292024-03-310467840612023-03-292024-03-3104678406ns10:OrdinaryShareClass12023-03-292024-03-3104678406ns10:RegisteredOffice2023-03-292024-03-3104678406ns5:CurrentFinancialInstruments2024-03-3104678406ns5:CurrentFinancialInstruments2023-03-2804678406ns5:ShareCapital2024-03-3104678406ns5:ShareCapital2023-03-2804678406ns5:RetainedEarningsAccumulatedLosses2024-03-3104678406ns5:RetainedEarningsAccumulatedLosses2023-03-2804678406ns5:NetGoodwill2023-03-292024-03-3104678406ns5:IntangibleAssetsOtherThanGoodwill2023-03-292024-03-3104678406ns5:PlantMachinery2023-03-292024-03-3104678406ns5:FurnitureFittings2023-03-292024-03-3104678406ns5:MotorVehicles2023-03-292024-03-3104678406ns5:ComputerEquipment2023-03-292024-03-3104678406ns5:NetGoodwill2023-03-2804678406ns5:NetGoodwill2024-03-3104678406ns5:NetGoodwill2023-03-2804678406ns5:PlantMachinery2023-03-2804678406ns5:FurnitureFittings2023-03-2804678406ns5:MotorVehicles2023-03-2804678406ns5:ComputerEquipment2023-03-2804678406ns5:PlantMachinery2024-03-3104678406ns5:FurnitureFittings2024-03-3104678406ns5:MotorVehicles2024-03-3104678406ns5:ComputerEquipment2024-03-3104678406ns5:PlantMachinery2023-03-2804678406ns5:FurnitureFittings2023-03-2804678406ns5:MotorVehicles2023-03-2804678406ns5:ComputerEquipment2023-03-2804678406ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104678406ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-2804678406ns5:WithinOneYear2024-03-3104678406ns5:WithinOneYear2023-03-2804678406ns5:BetweenOneFiveYears2024-03-3104678406ns5:BetweenOneFiveYears2023-03-2804678406ns5:MoreThanFiveYears2024-03-3104678406ns5:MoreThanFiveYears2023-03-2804678406ns5:AllPeriods2024-03-3104678406ns5:AllPeriods2023-03-2804678406ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04678406 (England and Wales)















NUFFIELD RADIOGRAPHIC INSPECTION LTD.

FINANCIAL STATEMENTS

FOR THE PERIOD 29TH MARCH 2023 TO 31ST MARCH 2024






NUFFIELD RADIOGRAPHIC INSPECTION LTD. (REGISTERED NUMBER: 04678406)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29TH MARCH 2023 TO 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NUFFIELD RADIOGRAPHIC INSPECTION LTD.

COMPANY INFORMATION
FOR THE PERIOD 29TH MARCH 2023 TO 31ST MARCH 2024







DIRECTOR: C J Minton





REGISTERED OFFICE: Units B13 & 14
46 Holton Road
Poole
Dorset
BH16 6LT





REGISTERED NUMBER: 04678406 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

NUFFIELD RADIOGRAPHIC INSPECTION LTD. (REGISTERED NUMBER: 04678406)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,377 8,503
6,377 8,503

CURRENT ASSETS
Stocks 551 13,044
Debtors 6 65,099 61,919
Cash at bank 59,486 20,169
125,136 95,132
CREDITORS
Amounts falling due within one year 7 245,948 197,593
NET CURRENT LIABILITIES (120,812 ) (102,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(114,435

)

(93,958

)

PROVISIONS FOR LIABILITIES 1,357 1,357
NET LIABILITIES (115,792 ) (95,315 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (115,793 ) (95,316 )
SHAREHOLDERS' DEFICIT (115,792 ) (95,315 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NUFFIELD RADIOGRAPHIC INSPECTION LTD. (REGISTERED NUMBER: 04678406)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th March 2025 and were signed by:





C J Minton - Director


NUFFIELD RADIOGRAPHIC INSPECTION LTD. (REGISTERED NUMBER: 04678406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29TH MARCH 2023 TO 31ST MARCH 2024

1. STATUTORY INFORMATION

Nuffield Radiographic Inspection Ltd. 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.

The company has made a loss during the year and has a deficiency of assets at the year end. The Company is dependent upon the continued support of its Parent Company. The Directors have confirmed their support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements.

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 the business in 2003, has been fully amortised.

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 and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the 'percentage of completion' method in line with FRS102 requirements.

NUFFIELD RADIOGRAPHIC INSPECTION LTD. (REGISTERED NUMBER: 04678406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29TH MARCH 2023 TO 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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 period was 4 (2023 - 3 ) .

NUFFIELD RADIOGRAPHIC INSPECTION LTD. (REGISTERED NUMBER: 04678406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29TH MARCH 2023 TO 31ST MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29th March 2023
and 31st March 2024 20,000
AMORTISATION
At 29th March 2023
and 31st March 2024 20,000
NET BOOK VALUE
At 31st March 2024 -
At 28th March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29th March 2023
and 31st March 2024 20,018 8,718 30,890 10,727 70,353
DEPRECIATION
At 29th March 2023 13,994 7,917 30,018 9,921 61,850
Charge for period 1,506 200 218 202 2,126
At 31st March 2024 15,500 8,117 30,236 10,123 63,976
NET BOOK VALUE
At 31st March 2024 4,518 601 654 604 6,377
At 28th March 2023 6,024 801 872 806 8,503

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,606 49,219
Tax 2,203 1,906
VAT - 3,171
Prepayments 9,290 7,623
65,099 61,919

NUFFIELD RADIOGRAPHIC INSPECTION LTD. (REGISTERED NUMBER: 04678406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29TH MARCH 2023 TO 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,878 27,668
Amounts owed to group undertakings 220,008 163,998
Social security and other taxes 1,509 2,082
VAT 5,574 -
Other creditors 3,229 -
Accrued expenses 1,750 3,845
245,948 197,593

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,920 16,920
Between one and five years 67,680 67,680
In more than five years 33,840 50,760
118,440 135,360

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

At the year end the company owed its parent, Minton, Treharne & Davies Limited £220,008 (2023: £163,998).

Minton, Treharne & Davies Limited is the company's ultimate controlling party.

11. GOING CONCERN

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.