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REGISTERED NUMBER: 13553006 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Ai Radiology Limited

Ai Radiology Limited (Registered number: 13553006)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Ai Radiology Limited (Registered number: 13553006)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,340 -

CURRENT ASSETS
Debtors 5 134,326 -
Investments 6 200,558 -
Cash at bank 49,086 273,101
383,970 273,101
CREDITORS
Amounts falling due within one year 7 36,906 30,949
NET CURRENT ASSETS 347,064 242,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,404

242,152

PROVISIONS FOR LIABILITIES 306 -
NET ASSETS 349,098 242,152

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 348,997 242,051
SHAREHOLDERS' FUNDS 349,098 242,152

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2025 and were signed on its behalf by:




Dr C A Ridge - Director


Ai Radiology Limited (Registered number: 13553006)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. COMPANY INFORMATION

Ai Radiology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13553006

Registered office: Second Floor
The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Current asset investment
Investments in current assets are measured at their market value. At each reporting date the increase/decrease in fair value is measured immediately in the profit and loss.

Ai Radiology Limited (Registered number: 13553006)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,808
At 31st August 2024 2,808
DEPRECIATION
Charge for year 468
At 31st August 2024 468
NET BOOK VALUE
At 31st August 2024 2,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 134,326 -

6. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Unlisted investments 200,558 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 33,734 28,024
Directors' current accounts 512 192
Accrued expenses 2,660 2,733
36,906 30,949

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

The A and B Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

Ai Radiology Limited (Registered number: 13553006)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

31.8.24 31.8.23
£    £   
Dr C A Ridge
Balance outstanding at start of year (192 ) (21,664 )
Amounts advanced 103,198 35,320
Amounts repaid (103,518 ) (13,848 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (512 ) (192 )

The loan is repayable on demand and no interest was charged during the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr C A Ridge.