MHT Solutions Limited 07403660 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is provision of orthodontic services. Digita Accounts Production Advanced 6.30.9574.0 true true 07403660 2023-04-01 2024-03-31 07403660 2024-03-31 07403660 bus:Director1 1 2024-03-31 07403660 core:CurrentFinancialInstruments 2024-03-31 07403660 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07403660 core:Goodwill 2024-03-31 07403660 core:FurnitureFittings 2024-03-31 07403660 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 07403660 core:MotorVehicles 2024-03-31 07403660 core:OfficeEquipment 2024-03-31 07403660 bus:SmallEntities 2023-04-01 2024-03-31 07403660 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07403660 bus:FilletedAccounts 2023-04-01 2024-03-31 07403660 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07403660 bus:RegisteredOffice 2023-04-01 2024-03-31 07403660 bus:Director1 2023-04-01 2024-03-31 07403660 bus:Director1 1 2023-04-01 2024-03-31 07403660 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07403660 core:Goodwill 2023-04-01 2024-03-31 07403660 core:ComputerEquipment 2023-04-01 2024-03-31 07403660 core:FurnitureFittings 2023-04-01 2024-03-31 07403660 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07403660 core:LandBuildings core:ShortLeaseholdAssets 2023-04-01 2024-03-31 07403660 core:LeaseholdImprovements 2023-04-01 2024-03-31 07403660 core:MotorVehicles 2023-04-01 2024-03-31 07403660 core:OfficeEquipment 2023-04-01 2024-03-31 07403660 1 2023-04-01 2024-03-31 07403660 countries:EnglandWales 2023-04-01 2024-03-31 07403660 2023-03-31 07403660 bus:Director1 1 2023-03-31 07403660 core:Goodwill 2023-03-31 07403660 core:FurnitureFittings 2023-03-31 07403660 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 07403660 core:MotorVehicles 2023-03-31 07403660 core:OfficeEquipment 2023-03-31 07403660 2022-04-01 2023-03-31 07403660 2023-03-31 07403660 bus:Director1 1 2023-03-31 07403660 core:CurrentFinancialInstruments 2023-03-31 07403660 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07403660 core:Goodwill 2023-03-31 07403660 core:FurnitureFittings 2023-03-31 07403660 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 07403660 core:MotorVehicles 2023-03-31 07403660 core:OfficeEquipment 2023-03-31 07403660 bus:Director1 1 2022-04-01 2023-03-31 07403660 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07403660 core:RetainedEarningsAccumulatedLosses core:LandBuildings 2022-04-01 2023-03-31 07403660 core:RevaluationReserve 2022-04-01 2023-03-31 07403660 core:RevaluationReserve core:LandBuildings 2022-04-01 2023-03-31 07403660 core:LandBuildings 2022-04-01 2023-03-31 07403660 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07403660

MHT Solutions Limited

trading as Bedford Specialist Orthodontic Practice

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

(Registration number: 07403660)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1

1

Tangible assets

5

137,397

104,268

 

137,398

104,269

Current assets

 

Stocks

7

27,246

24,834

Debtors

8

69,990

77,817

Cash at bank and in hand

 

195,914

121,619

 

293,150

224,270

Creditors: Amounts falling due within one year

9

(195,344)

(144,341)

Net current assets

 

97,806

79,929

Total assets less current liabilities

 

235,204

184,198

Provisions for liabilities

(22,576)

(26,067)

Net assets

 

212,628

158,131

Capital and reserves

 

Called up share capital

100

100

Retained earnings

212,528

158,031

Shareholders' funds

 

212,628

158,131

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

(Registration number: 07403660)
Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 30 September 2024 and signed on its behalf by:
 

.........................................
Mrs Helen Justine Turner
Director

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
136 Bromham Road
Bedford
Bedfordshire
MK40 2QW
England

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.

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.

Government grants

Government grants are accounted for using the accrual model. Amounts received are detailed below.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Fixture and fittings

25% reducing balance

Office equipment

25% reducing balance

Leashold property

5% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

388,256

388,256

At 31 March 2024

388,256

388,256

Amortisation

At 1 April 2023

388,255

388,255

At 31 March 2024

388,255

388,255

Carrying amount

At 31 March 2024

1

1

At 31 March 2023

1

1

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2023

143,820

200,771

68,178

-

Additions

-

329

1,948

62,900

At 31 March 2024

143,820

201,100

70,126

62,900

Depreciation

At 1 April 2023

71,910

179,831

56,760

-

Charge for the year

7,191

6,277

2,855

15,725

At 31 March 2024

79,101

186,108

59,615

15,725

Carrying amount

At 31 March 2024

64,719

14,992

10,511

47,175

At 31 March 2023

71,910

20,940

11,418

-

Total
£

Cost or valuation

At 1 April 2023

412,769

Additions

65,177

At 31 March 2024

477,946

Depreciation

At 1 April 2023

308,501

Charge for the year

32,048

At 31 March 2024

340,549

Carrying amount

At 31 March 2024

137,397

At 31 March 2023

104,268

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Included within the net book value of land and buildings above is £64,719 (2023 - £71,910) in respect of short leasehold land and buildings.
 

6

Investment properties

2024
£

All investment property was disposed of in the prior year.

7

Stocks

2024
£

2023
£

Other inventories

27,246

24,834

8

Debtors

Current

2024
£

2023
£

Trade debtors

62,933

59,296

Prepayments

7,057

9,044

Other debtors

-

9,477

 

69,990

77,817

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

46,317

7,748

Amounts owed to related parties

11

31,555

-

Taxation and social security

 

50,874

72,185

Other creditors

 

66,598

64,408

 

195,344

144,341

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

-

(32,079)

(32,079)

Surplus/deficit on revaluation of other assets

32,079

-

32,079

32,079

(32,079)

-

11

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mrs Helen Justine Turner

Directors loan account

9,477

97,121

(156,088)

(49,490)

 

MHT Solutions Limited trading as Bedford Specialist Orthodontic Practice

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mrs Helen Justine Turner

Directors loan account

127,344

111,460

(229,328)

9,477

12

Parent and ultimate parent undertaking

The company's immediate parent is BSOP Holdings Limited, incorporated in England.