REGISTERED NUMBER: 12548770 (England and Wales)

MH Distribution Solutions Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M T Huxley

REGISTERED OFFICE:

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

REGISTERED NUMBER:

12548770 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Tangible assets

5

40,947

37,782

CURRENT ASSETS

Debtors

6

45,058

43,999

Cash at bank

7,318

11,634

52,376

55,633

CREDITORS

Amounts falling due within one year

7

87,600

68,970

NET CURRENT LIABILITIES

(35,224

)

(13,337

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,723

24,445

CREDITORS

Amounts falling due after more than one year

8

(11,731

)

(16,130

)

PROVISIONS FOR LIABILITIES

(7,780

)

(7,179

)

NET (LIABILITIES)/ASSETS

(13,788

)

1,136

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(13,798

)

1,126

SHAREHOLDERS' FUNDS

(13,788

)

1,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2023 and were signed by:

M T Huxley - Director

1.	STATUTORY INFORMATION

MH Distribution 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

After making enquiries, the director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of approval of these accounts. The financial statements have therefore been prepared on a going concern basis.

Turnover

Turnover represents net invoice value of courier services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2022

56,294

1,102

57,396

Additions

22,160

791

22,951

Disposals

(8,000

)

-

(8,000

)

At 31 March 2023

70,454

1,893

72,347

DEPRECIATION

At 1 April 2022

19,006

608

19,614

Charge for year

13,362

424

13,786

Eliminated on disposal

(2,000

)

-

(2,000

)

At 31 March 2023

30,368

1,032

31,400

NET BOOK VALUE

At 31 March 2023

40,086

861

40,947

At 31 March 2022

37,288

494

37,782

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

39,258

35,413

Other debtors

5,800

8,586

45,058

43,999

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

4,399

4,399

Trade creditors

25,654

29,039

Taxation and social security

14,664

9,764

Other creditors

42,883

25,768

87,600

68,970

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

11,731

16,130