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REGISTERED NUMBER: 07403660 (England and Wales)















MHT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660)

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


MHT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Dr H J Turner
Dr M J Turner



SECRETARY: Dr M J Turner



REGISTERED OFFICE: 136 Bromham Road
Bedford
MK40 2QW



REGISTERED NUMBER: 07403660 (England and Wales)



ACCOUNTANTS: Keens Shay Keens Limited
Victoria House
42-44 Shortmead Street
Biggleswade
SG18 0AP



BANKERS: Royal Bank of Scotland
15 - 19 Mill Street
Bedford
MK40 3EU

MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 170,499 177,240
Investment property 6 255,779 -
426,279 177,241

CURRENT ASSETS
Stocks 28,000 40,000
Debtors 7 58,121 65,761
Cash at bank and in hand 38,050 210,947
124,171 316,708
CREDITORS
Amounts falling due within one year 8 103,374 125,325
NET CURRENT ASSETS 20,797 191,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,076

368,624

CREDITORS
Amounts falling due after more than one
year

9

-

(7,108

)

PROVISIONS FOR LIABILITIES (11,900 ) (12,437 )
NET ASSETS 435,176 349,079

MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660)

BALANCE SHEET - continued
31 MARCH 2018

2018 2017
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 435,076 348,979
435,176 349,079

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 4 October 2018 and were signed on its
behalf by:





Dr H J Turner - Director


MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

MHT Solutions 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.

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 five years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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 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.


MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


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 8 (2017 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 388,256
AMORTISATION
At 1 April 2017
and 31 March 2018 388,255
NET BOOK VALUE
At 31 March 2018 1
At 31 March 2017 1

MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 143,820 205,948 349,768
Additions - 21,668 21,668
At 31 March 2018 143,820 227,616 371,436
DEPRECIATION
At 1 April 2017 28,764 143,764 172,528
Charge for year 7,191 21,218 28,409
At 31 March 2018 35,955 164,982 200,937
NET BOOK VALUE
At 31 March 2018 107,865 62,634 170,499
At 31 March 2017 115,056 62,184 177,240

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 115,483
DEPRECIATION
At 1 April 2017 82,661
Charge for year 8,206
At 31 March 2018 90,867
NET BOOK VALUE
At 31 March 2018 24,616
At 31 March 2017 32,822

MHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07403660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 255,779
At 31 March 2018 255,779
NET BOOK VALUE
At 31 March 2018 255,779

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 51,621 59,261
Other debtors 6,500 6,500
58,121 65,761

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 6,959 17,414
Trade creditors 27,200 29,598
Tax 33,790 57,283
Social security and other taxes 14,970 6,833
Other creditors 10,531 3,673
Directors' current accounts 96 696
Accruals and deferred income 9,828 9,828
103,374 125,325

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 7,108