REGISTERED NUMBER: SC308348 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MHB Consultants Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTORS:

F L Aitchison

M H Barbour

A C Gray

D M Sooman

REGISTERED OFFICE:

3rd Floor

52 St Enoch Square

Glasgow

G1 4AA

REGISTERED NUMBER:

SC308348 (Scotland)

ACCOUNTANTS:

Gordon Ferguson & Co Ltd

76 Hamilton Road

Motherwell

Lanarkshire

ML1 3BY

FIXED ASSETS

Tangible assets

4

253,046

279,585

CURRENT ASSETS

Debtors

5

1,009,485

1,361,037

Cash at bank

746,796

445,008

1,756,281

1,806,045

CREDITORS

Amounts falling due within one year

6

683,573

689,371

NET CURRENT ASSETS

1,072,708

1,116,674

TOTAL ASSETS LESS CURRENT LIABILITIES

1,325,754

1,396,259

CAPITAL AND RESERVES

Called up share capital

1,428

1,428

Retained earnings

1,324,326

1,394,831

1,325,754

1,396,259

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

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

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 29 August 2025 and were signed on its behalf by:

F L Aitchison - Director

1.	STATUTORY INFORMATION

MHB Consultants 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

15% on cost

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 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.

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 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.

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 year was 65 (2023 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

217,353

56,127

7,987

Additions

-

-

-

At 31 December 2024

217,353

56,127

7,987

DEPRECIATION

At 1 January 2024

21,095

43,374

1,597

Charge for year

4,347

7,366

1,598

At 31 December 2024

25,442

50,740

3,195

NET BOOK VALUE

At 31 December 2024

191,911

5,387

4,792

At 31 December 2023

196,258

12,753

6,390

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

84,957

160,447

526,871

Additions

-

2,967

2,967

At 31 December 2024

84,957

163,414

529,838

DEPRECIATION

At 1 January 2024

41,678

139,542

247,286

Charge for year

12,744

3,451

29,506

At 31 December 2024

54,422

142,993

276,792

NET BOOK VALUE

At 31 December 2024

30,535

20,421

253,046

At 31 December 2023

43,279

20,905

279,585

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,002,200

1,297,567

Other debtors

7,285

63,470

1,009,485

1,361,037

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

53,870

133,629

Taxation and social security

575,085

528,283

Other creditors

54,618

27,459

683,573

689,371

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Gordon Ferguson & Co Ltd

76 Hamilton Road

Motherwell

Lanarkshire

ML1 3BY

29 August 2025