Abbreviated Company Accounts - CMC IMAGING SERVICES LIMITED

Abbreviated Company Accounts - CMC IMAGING SERVICES LIMITED

CMC IMAGING SERVICES LIMITED - Company Information

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Registered Number 03492885

CMC IMAGING SERVICES LIMITED

Abbreviated Accounts

31 January 2015

CMC IMAGING SERVICES LIMITED Registered Number 03492885

Abbreviated Balance Sheet as at 31 January 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,362,793 2,527,898
2,362,793 2,527,898
Current assets
Debtors 139,344 169,916
Cash at bank and in hand 205,753 162,808
345,097 332,724
Creditors: amounts falling due within one year (268,529) (409,727)
Net current assets (liabilities) 76,568 (77,003)
Total assets less current liabilities 2,439,361 2,450,895
Creditors: amounts falling due after more than one year (1,587,663) (1,881,644)
Provisions for liabilities (21,500) -
Total net assets (liabilities) 830,198 569,251
Capital and reserves
Called up share capital 3 1 1
Other reserves 1 1
Profit and loss account 830,196 569,249
Shareholders' funds 830,198 569,251
  • For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 October 2015

And signed on their behalf by:
Dr D Beale, Director

CMC IMAGING SERVICES LIMITED Registered Number 03492885

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow as it qualifies as a small company.

Turnover policy
Turnover represents net invoices sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Land and buildings 2% on cost
Computer Equipment 33% on a reducing balance basis
Equipment, fixtures and fittings 15% on a reducing balance basis
Plant and Machinery 20 – 30% on a reducing balance basis

2Tangible fixed assets
£
Cost
At 1 February 2014 3,389,642
Additions 41,461
Disposals (3,394)
Revaluations -
Transfers -
At 31 January 2015 3,427,709
Depreciation
At 1 February 2014 861,744
Charge for the year 205,541
On disposals (2,369)
At 31 January 2015 1,064,916
Net book values
At 31 January 2015 2,362,793
At 31 January 2014 2,527,898
3Called Up Share Capital

The company is controlled by David Beale, the director and majority shareholder.

Loans totalling £63,150 (2014: £289,655) were made to the company by the director Dr D Beale. The loan is accruing interest at 4%.

In the year dividends of £13,000 (2014: £3,250) were paid to the director Dr D Beale.

The director who served during the year provided capped personal guarantees in respect of the Bank Loans and Finance Leases.