REGISTERED NUMBER: 07726127 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sulis Imaging Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E H K Graham

Dr R N J Graham

REGISTERED OFFICE:

Lennox House

3 Pierrepont Street

Bath

BA1 1LB

REGISTERED NUMBER:

07726127 (England and Wales)

FIXED ASSETS

Tangible assets

4

77,817

54,925

Investments

5

109

109

77,926

55,034

CURRENT ASSETS

Debtors

6

47,503

750

Cash at bank

163,251

79,939

210,754

80,689

CREDITORS

Amounts falling due within one year

7

74,308

34,427

NET CURRENT ASSETS

136,446

46,262

TOTAL ASSETS LESS CURRENT LIABILITIES

214,372

101,296

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

214,272

101,196

SHAREHOLDERS' FUNDS

214,372

101,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Dr R N J Graham - Director

1.	STATUTORY INFORMATION

Sulis Imaging 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

10%-15% on straight line basis

Equipment

-

5% on a straight line basis

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 April 2024

11,742

52,200

51,228

115,170

Additions

224

38,834

7,136

46,194

At 31 March 2025

11,966

91,034

58,364

161,364

DEPRECIATION

At 1 April 2024

6,536

18,792

34,917

60,245

Charge for year

1,086

14,448

7,768

23,302

At 31 March 2025

7,622

33,240

42,685

83,547

NET BOOK VALUE

At 31 March 2025

4,344

57,794

15,679

77,817

At 31 March 2024

5,206

33,408

16,311

54,925

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

IG Investment Portfolio

109

109

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,753

-

Other debtors

750

750

47,503

750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

61,899

31,599

Social security and other taxes

144

151

VAT

10,621

-

Other creditors

630

-

Directors' current accounts

218

1,919

Accruals and deferred income

796

758

74,308

34,427

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51

A Ordinary £1 Shares

1

51

51

49

B Ordinary £1 Shares

1

49

49

100

100

9.	RELATED PARTY DISCLOSURES

Included in creditors is £218 (2024: £1,919) owed to Dr R Graham and Mrs E Graham, directors of the company. This loan is unsecured, interest free and has no set terms for repayment.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr R N J Graham.