AGH Diagnostics Limited - Accounts to registrar (filleted) - small 18.1

AGH Diagnostics Limited - Accounts to registrar (filleted) - small 18.1

AGH DIAGNOSTICS LIMITED - Company Information

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REGISTERED NUMBER: 07548891 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

AGH Diagnostics Limited
AGH Diagnostics Limited (Registered number: 07548891)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGH Diagnostics Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Dr I G Hide
Dr A J Hide





SECRETARY: Dr A J Hide





REGISTERED OFFICE: 4 Osbaldeston Gardens
Gosforth
Newcastle upon Tyne
NE3 4JE





REGISTERED NUMBER: 07548891 (England and Wales)





ACCOUNTANTS: APC Accountancy Limited
Chartered Accountants
Queens Court Business Centre
Newport Road
Middlesbrough
TS1 5EH
Page 1
AGH Diagnostics Limited (Registered number: 07548891)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 12,000
Tangible assets 5 1,921 1,383
Investments 6 506,928 300,000
517,849 313,383

CURRENT ASSETS
Cash at bank 183,600 356,859

CREDITORS
Amounts falling due within one year 7 37,777 44,697
NET CURRENT ASSETS 145,823 312,162
TOTAL ASSETS LESS CURRENT
LIABILITIES
663,672
625,545

PROVISIONS FOR LIABILITIES 1,681 263
NET ASSETS 661,991 625,282

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 5,612 -
Retained earnings 656,377 625,280
SHAREHOLDERS' FUNDS 661,991 625,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 notes form part of these financial statements

Page 2 continued...
AGH Diagnostics Limited (Registered number: 07548891)

Balance Sheet - continued
31 March 2018


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 17 December 2018 and were signed on its behalf
by:





Dr I G Hide - Director


The notes form part of these financial statements

Page 3
AGH Diagnostics Limited (Registered number: 07548891)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

AGH Diagnostics Limited 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 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised
evenly over its estimated useful life of ten years.

Following and HM Revenue and Customs enquiry into the value of the goodwill placed on the business upon
incorporation in 2011, the original value of £200,000 has been reduced to £30,000 during this period. The effect
of this reduction is shown in Other Comprehensive Income.

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 etc - 20% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

Page 4 continued...
AGH Diagnostics Limited (Registered number: 07548891)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 30,000
AMORTISATION
At 1 April 2017 18,000
Charge for year 3,000
At 31 March 2018 21,000
NET BOOK VALUE
At 31 March 2018 9,000
At 31 March 2017 12,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 2,673
Additions 1,109
At 31 March 2018 3,782
DEPRECIATION
At 1 April 2017 1,290
Charge for year 571
At 31 March 2018 1,861
NET BOOK VALUE
At 31 March 2018 1,921
At 31 March 2017 1,383

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2017 300,000
Additions 200,000
Revaluations 6,928
At 31 March 2018 506,928
NET BOOK VALUE
At 31 March 2018 506,928
At 31 March 2017 300,000

Page 5 continued...
AGH Diagnostics Limited (Registered number: 07548891)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2018 is represented by:

Other
investments
£   
Cost 506,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 12,500 41,792
Other creditors 25,277 2,905
37,777 44,697

8. RESERVES
Revaluation
reserve
£   
Investment increase in value 5,612

At 31 March 2018 5,612

9. RELATED PARTY DISCLOSURES

At 31st March 2018 the company owed the directors £22,817 (2017: £455).

10. ULTIMATE CONTROLLING PARTY

The company is under the control of it's director.

Page 6