Musculoskeletal Imaging Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07583325 (England and Wales)

Musculoskeletal Imaging Limited

Financial Statements for the Year Ended 31st March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J King

H G King

REGISTERED OFFICE:

4 High Street

Alton

Hampshire

GU34 1BU

REGISTERED NUMBER:

07583325 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

4 High Street

Alton

Hampshire

GU34 1BU

FIXED ASSETS

Tangible assets

4

287

879

CURRENT ASSETS

Debtors

5

15,198

32,905

Cash at bank

140,528

91,849

155,726

124,754

CREDITORS

Amounts falling due within one year

6

42,598

52,829

NET CURRENT ASSETS

113,128

71,925

TOTAL ASSETS LESS CURRENT LIABILITIES

113,415

72,804

PROVISIONS FOR LIABILITIES

-

44

NET ASSETS

113,415

72,760

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

8

113,215

72,560

SHAREHOLDERS' FUNDS

113,415

72,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21st November 2018 and were signed on its behalf by:

L J King - Director

1.	STATEMENT OF COMPLIANCE

Musculoskeletal Imaging Limited is a company limited by shares and is incorporated in England,

registration number 07583325. The address of the registered office is 4 High Street, Alton,

Hampshire, GU34 1BU.

The financial statements are presented in sterling which is the functional currency of the company

and rounded to the nearest pound.

The financial statements have been prepared in compliance with FRS102 for the period ended 31st

March 2018.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A

"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in

the UK and Republic of Ireland" 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.

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2017

and 31st March 2018

2,119

DEPRECIATION

At 1st April 2017

1,240

Charge for year

592

At 31st March 2018

1,832

NET BOOK VALUE

At 31st March 2018

287

At 31st March 2017

879

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

12,063

30,187

Prepayments

2,800

2,718

Accrued income

335

-

15,198

32,905

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

36,793

46,735

Other creditors

1,679

1,630

Directors' current accounts

876

814

Accruals and deferred income

3,250

3,650

42,598

52,829

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary A

1

100

100

100

Ordinary B

1

100

100

200

200

8.

RESERVES

Retained

earnings

£

At 1st April 2017

72,560

Profit for the year

155,655

Dividends

(115,000

)

At 31st March 2018

113,215

9.	RELATED PARTY DISCLOSURES

At the year end the director was owed £876 (2017: £814) from the company. This amount is interest

free and repayable on demand.