MHT Solutions Limited - Accounts to registrar (filleted) - small 18.2
MHT Solutions Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| MHT SOLUTIONS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MHT SOLUTIONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Victoria House |
| 42-44 Shortmead Street |
| Biggleswade |
| SG18 0AP |
| BANKERS: |
| 15 - 19 Mill Street |
| Bedford |
| MK40 3EU |
| MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660) |
| BALANCE SHEET |
| 31ST MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660) |
| BALANCE SHEET - continued |
| 31ST MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| MHT Solutions Limited is a |
| 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 |
| 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 |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
| measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Office equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
| Income and Retained Earnings, 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. |
| MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held |
| under finance leases are depreciated over their estimated useful lives or the lease term, whichever is |
| the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
| of the lease. |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1st April 2018 |
| and 31st March 2019 |
| AMORTISATION |
| At 1st April 2018 |
| and 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Office |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st April 2018 |
| Additions |
| Transfer to ownership | - | 1 | - | 1 |
| At 31st March 2019 |
| DEPRECIATION |
| At 1st April 2018 |
| Charge for year |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| The net book value of tangible fixed assets includes £ 3,977 (2018 - £ 24,616 ) in respect of assets |
| held under hire purchase contracts. |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2018 |
| Revaluations | (5,779 | ) |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| Fair value at 31st March 2019 is represented by: |
| £ |
| Valuation in 2019 | (5,779 | ) |
| Cost | 255,779 |
| 250,000 |
| MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical |
| cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 255,779 | 255,779 |
| Investment property was valued on an open market basis on 31st March 2019 by the directors . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 863 | 96 |
| Accruals and deferred income |