IRIS Accounts Production v25.1.4.42 SC765896 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7658962023-10-31SC7658962024-10-31SC7658962023-11-012024-10-31SC7658962023-04-12SC7658962023-04-132023-10-31SC7658962023-10-31SC765896ns15:Scotland2023-11-012024-10-31SC765896ns14:PoundSterling2023-11-012024-10-31SC765896ns10:Director12023-11-012024-10-31SC765896ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC765896ns10:SmallEntities2023-11-012024-10-31SC765896ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC765896ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-31SC765896ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC765896ns10:FullAccounts2023-11-012024-10-31SC76589612023-11-012024-10-31SC765896ns10:Director22023-11-012024-10-31SC765896ns10:RegisteredOffice2023-11-012024-10-31SC765896ns5:CurrentFinancialInstruments2024-10-31SC765896ns5:CurrentFinancialInstruments2023-10-31SC765896ns5:Non-currentFinancialInstruments2024-10-31SC765896ns5:Non-currentFinancialInstruments2023-10-31SC765896ns5:ShareCapital2024-10-31SC765896ns5:ShareCapital2023-10-31SC765896ns5:RetainedEarningsAccumulatedLosses2024-10-31SC765896ns5:RetainedEarningsAccumulatedLosses2023-10-31SC765896ns5:NetGoodwill2023-11-012024-10-31SC765896ns5:PlantMachinery2023-11-012024-10-31SC765896ns5:NetGoodwill2023-10-31SC765896ns5:NetGoodwill2024-10-31SC765896ns5:NetGoodwill2023-10-31SC765896ns5:PlantMachinery2024-10-31SC765896ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC765896ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: SC765896 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MAYFIELD HEALTHCARE LIMITED

MAYFIELD HEALTHCARE LIMITED (REGISTERED NUMBER: SC765896)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAYFIELD HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S Majhu
N S Majhu





REGISTERED OFFICE: Skyhub The Skypark 8 Elliot Place
Suite 1
GLASGOW
G3 8EP





REGISTERED NUMBER: SC765896 (Scotland)





ACCOUNTANTS: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY

MAYFIELD HEALTHCARE LIMITED (REGISTERED NUMBER: SC765896)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 272,938 308,351
Tangible assets 5 1,547 -
274,485 308,351

CURRENT ASSETS
Stocks 35,233 39,787
Debtors 6 81,056 95,870
Cash at bank and in hand 238,991 108,470
355,280 244,127
CREDITORS
Amounts falling due within one year 7 254,725 228,335
NET CURRENT ASSETS 100,555 15,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,040

324,143

CREDITORS
Amounts falling due after more than one
year

8

322,410

341,165
NET ASSETS/(LIABILITIES) 52,630 (17,022 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,530 (17,122 )
52,630 (17,022 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MAYFIELD HEALTHCARE LIMITED (REGISTERED NUMBER: SC765896)

BALANCE SHEET - continued
31 OCTOBER 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 8 July 2025 and were signed on its behalf by:





S Majhu - Director


MAYFIELD HEALTHCARE LIMITED (REGISTERED NUMBER: SC765896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Mayfield Healthcare Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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

MAYFIELD HEALTHCARE LIMITED (REGISTERED NUMBER: SC765896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including certain creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

MAYFIELD HEALTHCARE LIMITED (REGISTERED NUMBER: SC765896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 319,284
Disposals (4,020 )
At 31 October 2024 315,264
AMORTISATION
At 1 November 2023 10,933
Charge for year 31,393
At 31 October 2024 42,326
NET BOOK VALUE
At 31 October 2024 272,938
At 31 October 2023 308,351

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,820
At 31 October 2024 1,820
DEPRECIATION
Charge for year 273
At 31 October 2024 273
NET BOOK VALUE
At 31 October 2024 1,547

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,020 55,573
Amounts owed by related undertakings 31,709 20,000
Other debtors 13,327 20,297
81,056 95,870

MAYFIELD HEALTHCARE LIMITED (REGISTERED NUMBER: SC765896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,068 63,068
Trade creditors 134,549 127,381
Amounts owed to related undertakings 25,647 20,535
Taxation and social security 30,749 2,081
Other creditors 712 15,270
254,725 228,335

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 322,410 341,165

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 70,137 88,892