IRIS Accounts Production v23.3.0.418 07494630 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true true true true false Defined benefit pension plans Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074946302022-03-31074946302023-03-31074946302022-04-012023-03-31074946302021-03-31074946302021-04-012022-03-31074946302022-03-3107494630ns10:Originalns15:EnglandWales2022-04-012023-03-3107494630ns14:PoundSterlingns10:Original2022-04-012023-03-3107494630ns10:Originalns10:Director12022-04-012023-03-3107494630ns10:Original2022-04-012023-03-3107494630ns10:Original2023-03-3107494630ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107494630ns10:Originalns10:SmallEntities2022-04-012023-03-3107494630ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107494630ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107494630ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107494630ns10:Originalns10:FullAccounts2022-04-012023-03-3107494630ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2022-04-012023-03-3107494630ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3107494630ns10:Originalns10:Director22022-04-012023-03-3107494630ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107494630ns10:Original2022-03-3107494630ns10:Originalns5:CurrentFinancialInstruments2023-03-3107494630ns10:Originalns5:CurrentFinancialInstruments2022-03-3107494630ns10:Originalns5:Non-currentFinancialInstruments2023-03-3107494630ns10:Originalns5:Non-currentFinancialInstruments2022-03-3107494630ns5:ShareCapitalns10:Original2023-03-3107494630ns5:ShareCapitalns10:Original2022-03-3107494630ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107494630ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107494630ns10:Original2021-04-012022-03-3107494630ns10:Originalns5:PlantMachinery2022-03-3107494630ns10:Originalns5:FurnitureFittings2022-03-3107494630ns10:Originalns5:ComputerEquipment2022-03-3107494630ns10:Original2022-03-3107494630ns10:Originalns5:PlantMachinery2022-04-012023-03-3107494630ns10:Originalns5:FurnitureFittings2022-04-012023-03-3107494630ns10:Originalns5:ComputerEquipment2022-04-012023-03-3107494630ns10:Originalns5:PlantMachinery2023-03-3107494630ns10:Originalns5:FurnitureFittings2023-03-3107494630ns10:Originalns5:ComputerEquipment2023-03-3107494630ns10:Originalns5:PlantMachinery2022-03-3107494630ns10:Originalns5:FurnitureFittings2022-03-3107494630ns10:Originalns5:ComputerEquipment2022-03-3107494630ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107494630ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107494630ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3107494630ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3107494630ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3107494630ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-3107494630ns10:Originalns10:OrdinaryShareClass12023-03-3107494630ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107494630ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 07494630 (England and Wales)















MENTAL HEALTH AND WELL BEING SERVICES
LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MENTAL HEALTH AND WELL BEING SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr M W Mohamad
Mrs S W Mohamad





REGISTERED OFFICE: Oak House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG





REGISTERED NUMBER: 07494630 (England and Wales)





ACCOUNTANTS: TCA (Shrewsbury) LLP
Third Floor
21 St Mary's Street
Shrewsbury
Shropshire
SY1 1ED

MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,267 30,918
Investment property 5 191,834 -
239,101 30,918

CURRENT ASSETS
Debtors 6 122,667 174,264
Cash at bank 1,175,783 396,488
1,298,450 570,752
CREDITORS
Amounts falling due within one year 7 792,740 98,814
NET CURRENT ASSETS 505,710 471,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,811

502,856

CREDITORS
Amounts falling due after more than one
year

8

(188,274

)

(79,110

)

PROVISIONS FOR LIABILITIES (8,981 ) (7,729 )
NET ASSETS 547,556 416,017

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 547,456 415,917
SHAREHOLDERS' FUNDS 547,556 416,017

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 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.

MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 18 November 2023 and were signed on its behalf by:





Mr M W Mohamad - Director


MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Mental Health and Well Being Services Ltd 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 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. 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. Any amounts received prior to the rights of that income passing to the company is deferred. Income is also deferred if it has been received in advance of the period in which the intended associated expenditure will be made. Some of the income of the company is received under agreed contracts with the NHS. This income is not specifically invoiced, but paid under the terms of the individual contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost
Fixtures and fittings - 33% on cost
Plant and machinery - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and will be recognised in the Statement of comprehensive income.

Government grants
The government grants recognised relates to the business grant received for the purposes of taking on an apprentice.

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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 tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the Statement of financial position date in the country where the Company operates and generates income.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 16,492 26,553 43,045
Additions 25,050 2,161 7,016 34,227
At 31 March 2023 25,050 18,653 33,569 77,272
DEPRECIATION
At 1 April 2022 - 5,903 6,224 12,127
Charge for year 4,592 4,540 8,746 17,878
At 31 March 2023 4,592 10,443 14,970 30,005
NET BOOK VALUE
At 31 March 2023 20,458 8,210 18,599 47,267
At 31 March 2022 - 10,589 20,329 30,918

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 191,834
At 31 March 2023 191,834
NET BOOK VALUE
At 31 March 2023 191,834

MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,745 170,079
Prepayments 23,922 4,185
122,667 174,264

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,465 28,983
Trade creditors 13,895 8,205
Corporation tax 65,905 36,383
Social security and other taxes - 806
Other creditors 41,943 8
Class 1A NI 1,551 -
Directors' loan accounts 22,088 1,732
Deferred income 604,640 11,685
Accrued expenses 12,253 11,012
792,740 98,814

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 48,645 79,110
Bank loans more 5 yrs non-inst 139,629 -
188,274 79,110

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 139,629 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans more 5 yrs non-inst 139,629 -

Included within Bank Loans, more than 5 yrs non-instalments is £139,629 (2022: £nil) owing to Keystone Property Finance Limited.

The loan is secured by way of first legal mortgage on the property to which it relates.

MENTAL HEALTH AND WELL BEING SERVICES
LTD (REGISTERED NUMBER: 07494630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. FINANCIAL INSTRUMENTS

2023 2022
£ £
Financial assets
Financial assets measured at fair value through profit or loss 1,175,783 396,488
Financial assets that are debt instruments measured at amortised
cost

98,745

170,079
1,274,528 566,567

Financial liabilities
Financial liabilities measured at amortised cost 894.109 140,375
894,109 140,375

Financial assets measured at fair value through profit or loss comprise the cash at bank.
Financial assets measured at amortised cost comprise trade debtors and other debtors.

Financial liabilities measured at amortised cost comprise trade and other creditors and accruals.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2022 415,917
Profit for the year 302,539
Dividends (171,000 )
At 31 March 2023 547,456

13. LEASE COMMITMENT

Annual commitment of £12,000 (2022: £12,000) for computer equipment, £26,485 for two motor cars and £20,000 (2022: £20,000) for property rent.

14. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M W Mohamad and Mrs S W Mohamad, directors, who between them own 100% of the issued share capital.