BSIR Services Limited Filleted accounts for Companies House (small and micro)

BSIR SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11325211

BSIR SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2022

BSIR SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

BSIR SERVICES LIMITED

BALANCE SHEET

31 March 2022

	2022	2021
Note	£	£

Current assets

Debtors	6	92,387	76,175
Cash at bank and in hand		124,736	32,329
		------------	------------
		217,123	108,504

Creditors: amounts falling due within one year	7	( 224,193)	( 147,630)
		------------	------------
Net current liabilities		( 7,070)	( 39,126)
		------------	------------
Total assets less current liabilities		( 7,070)	( 39,126)
		------------	------------
Net liabilities		( 7,070)	( 39,126)
		------------	------------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account		( 7,071)	( 39,127)
		------------	------------
Shareholders deficit		( 7,070)	( 39,126)
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 November 2022 , and are signed on behalf of the board by:

Dr R Kashturi

Director

Company registration number: 11325211

BSIR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Royal College Of Radiology, 63 Lincoln's Inn Fields, London, WC2A 3JW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	50% straight line

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: Nil).

5. Tangible assets

	Plant and machinery
	£
Cost
At 1 April 2021 and 31 March 2022	2,517
	------------
Depreciation
At 1 April 2021 and 31 March 2022	2,517
	------------
Carrying amount
At 31 March 2022	–
	------------
At 31 March 2021	–
	------------

6. Debtors

	2022	2021
	£	£
Trade debtors	62,227	38,591
Prepayments and accrued income	30,160	35,706
Other debtors	–	1,878
	------------	------------
	92,387	76,175
	------------	------------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	14,345	21,083
Amounts owed to group undertakings	163,587	123,547
Accruals and deferred income	29,125	3,000
Social security and other taxes	17,056	–
Other creditors	80	–
	------------	------------
	224,193	147,630
	------------	------------

8. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	------------	------------	------------	------------

9. Related party transactions

During the year the sum of £30,000 (2021: £nil) has been paid to British Society of Interventional Radiology a charity registered in England, under gift aid arrangements. Included within other creditors is an amount of £163,587 (2021: £123,547) owed to British Society of Interventional Radiology.

10. Controlling party

The company is controlled by the British Society of Interventional Radiology, a charity registered in England under reference 1084852.

11. Going concern

The parent undertaking has confirmed that adequate working capital facilities will be provided to enable the company to continue operating for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.