Mart Healthcare Services Ltd 12481472 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Healthcare services Digita Accounts Production Advanced 6.30.9574.0 true true 12481472 2022-03-01 2023-02-28 12481472 2023-02-28 12481472 bus:Director1 1 2023-02-28 12481472 bus:OrdinaryShareClass1 2023-02-28 12481472 core:CurrentFinancialInstruments 2023-02-28 12481472 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12481472 core:FurnitureFittingsToolsEquipment 2023-02-28 12481472 core:OtherPropertyPlantEquipment 2023-02-28 12481472 bus:SmallEntities 2022-03-01 2023-02-28 12481472 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12481472 bus:FullAccounts 2022-03-01 2023-02-28 12481472 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 12481472 bus:RegisteredOffice 2022-03-01 2023-02-28 12481472 bus:Director1 2022-03-01 2023-02-28 12481472 bus:Director1 1 2022-03-01 2023-02-28 12481472 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 12481472 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12481472 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 12481472 core:OfficeEquipment 2022-03-01 2023-02-28 12481472 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 12481472 core:PlantMachinery 2022-03-01 2023-02-28 12481472 countries:EnglandWales 2022-03-01 2023-02-28 12481472 2022-02-28 12481472 bus:Director1 1 2022-02-28 12481472 core:FurnitureFittingsToolsEquipment 2022-02-28 12481472 core:OtherPropertyPlantEquipment 2022-02-28 12481472 2021-03-01 2022-02-28 12481472 2022-02-28 12481472 bus:Director1 1 2022-02-28 12481472 bus:OrdinaryShareClass1 2022-02-28 12481472 core:CurrentFinancialInstruments 2022-02-28 12481472 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 12481472 core:FurnitureFittingsToolsEquipment 2022-02-28 12481472 core:OtherPropertyPlantEquipment 2022-02-28 12481472 bus:Director1 1 2021-03-01 2022-02-28 12481472 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 12481472 bus:Director1 1 2021-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12481472

Mart Healthcare Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Mart Healthcare Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Mart Healthcare Services Ltd

Company Information

Director

Mr Madzudzo Martin de Porres Takawira

Registered office

20 Preston Way
Winsford
CW7 2XR

Accountants

Jon Ransom FCA
Office 7, Unit 16
Dinan Way Trading Estate
Concorde Road
Exmouth
Devon
EX8 4RS

 

Mart Healthcare Services Ltd

(Registration number: 12481472)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

918

1,193

Current assets

 

Debtors

5

71,051

86,347

Cash at bank and in hand

 

24

50

 

71,075

86,397

Creditors: Amounts falling due within one year

6

(61,156)

(29,289)

Net current assets

 

9,919

57,108

Net assets

 

10,837

58,301

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

10,737

58,201

Shareholders' funds

 

10,837

58,301

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 April 2024
 

.........................................
Mr Madzudzo Martin de Porres Takawira
Director

 

Mart Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Preston Way
Winsford
CW7 2XR

These financial statements were authorised for issue by the director on 10 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mart Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

Office equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Mart Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

1,099

995

2,094

At 28 February 2023

1,099

995

2,094

Depreciation

At 1 March 2022

566

335

901

Charge for the year

176

99

275

At 28 February 2023

742

434

1,176

Carrying amount

At 28 February 2023

357

561

918

At 28 February 2022

533

660

1,193

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

5,016

-

Amounts owed by related parties

9

5,054

-

Other debtors

 

60,981

86,347

   

71,051

86,347

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

59,156

28,039

Accruals and deferred income

2,000

1,250

61,156

29,289

7

Share capital

Allotted, called up and fully paid shares

 

Mart Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

8

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £795.22 (2022 - £Nil) per each Ordinary

 

79,522

 

-

         

9

Related party transactions


During the year, the company paid dividends of £79522 to the director and shareholder.

The amount showing as owing from a related party refers to monies paid on behalf of another company of which the director is the owner.

 

Mart Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Transactions with the director

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Mr Madzudzo Martin de Porres Takawira

The company has advanced money to the director for personal use

85,147

7,261

(32,627)

59,781

         
       

 

2022

At 1 March 2021
£

Advances to director
£

Repayments by director
£

At 28 February 2022
£

Mr Madzudzo Martin de Porres Takawira

The company has advanced money to the director for personal use

9,811

96,268

(20,932)

85,147