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REGISTERED NUMBER: SC773902 (Scotland)















Unaudited Financial Statements

for the Period 27 June 2023 to 31 August 2024

for

GHC HEALTHCARE LTD

GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)






Contents of the Financial Statements
FOR THE PERIOD 27 JUNE 2023 TO 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GHC HEALTHCARE LTD

Company Information
FOR THE PERIOD 27 JUNE 2023 TO 31 AUGUST 2024







DIRECTORS: A J Porter
M Hislop





REGISTERED OFFICE: 1st Floor
Blenheim House
Fountainhall Road
Aberdeen
AB15 4DT





REGISTERED NUMBER: SC773902 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)

Balance Sheet
31 AUGUST 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 1,061,175
Tangible assets 5 12,613
1,073,788

CURRENT ASSETS
Stocks 6 173,588
Debtors 7 270,010
Cash at bank 344,173
787,771
CREDITORS
Amounts falling due within one year 8 988,624
NET CURRENT LIABILITIES (200,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,935

CREDITORS
Amounts falling due after more than one year 9 (649,571 )

PROVISIONS FOR LIABILITIES 12 (3,153 )
NET ASSETS 220,211

CAPITAL AND RESERVES
Called up share capital 13 2
Retained earnings 14 220,209
220,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 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.

GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)

Balance Sheet - continued
31 AUGUST 2024


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 20 March 2025 and were signed on its behalf by:




M Hislop - Director



A J Porter - Director


GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)

Notes to the Financial Statements
FOR THE PERIOD 27 JUNE 2023 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

GHC Healthcare Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty 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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.


GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)

Notes to the Financial Statements - continued
FOR THE PERIOD 27 JUNE 2023 TO 31 AUGUST 2024

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 period 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.

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 period was 12 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1,117,026
At 31 August 2024 1,117,026
AMORTISATION
Amortisation for period 55,851
At 31 August 2024 55,851
NET BOOK VALUE
At 31 August 2024 1,061,175

GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)

Notes to the Financial Statements - continued
FOR THE PERIOD 27 JUNE 2023 TO 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
Additions 5,520 9,757 15,277
At 31 August 2024 5,520 9,757 15,277
DEPRECIATION
Charge for period 190 2,474 2,664
At 31 August 2024 190 2,474 2,664
NET BOOK VALUE
At 31 August 2024 5,330 7,283 12,613

6. STOCKS
£   
Stocks 121,644
Work-in-progress 51,944
173,588

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 213,579
Other debtors 4,169
A & L Porter Investments Ltd 1
VAT 52,261
270,010

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 10) 56,932
Other loans (see note 10) 212,846
Trade creditors 259,181
Tax 91,025
Social security and other taxes 6,936
Other creditors 830
Directors' current accounts 209,845
Accruals and deferred income 142,929
Accrued expenses 8,100
988,624

GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)

Notes to the Financial Statements - continued
FOR THE PERIOD 27 JUNE 2023 TO 31 AUGUST 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 10) 649,571

10. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Bank loans 56,932
A & L Porter Ltd 212,846
269,778

Amounts falling due between two and five years:
Bank loans - 2-5 years 649,571

11. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 706,503

On the 27th August 2023 a charge was created in favour of TSB Bank PLC over all sums due or to become due.

On the 21st February 2024 a charge was created in favour of TSB Bank PLC over all sums due or to become due.

12. PROVISIONS FOR LIABILITIES
£   
Deferred tax 3,153

Deferred
tax
£   
Provided during period 3,153
Balance at 31 August 2024 3,153

13. CALLED UP SHARE CAPITAL

GHC HEALTHCARE LTD (REGISTERED NUMBER: SC773902)

Notes to the Financial Statements - continued
FOR THE PERIOD 27 JUNE 2023 TO 31 AUGUST 2024

14. RESERVES
Retained
earnings
£   

Profit for the period 220,209
At 31 August 2024 220,209