REGISTERED NUMBER: SC773902 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

GHC HEALTHCARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Porter

M Hislop

REGISTERED OFFICE:

Porter Pharmacy

Units 22 & 23 City South Office Park

Bankhead Drive

Aberdeen

Aberdeenshire

AB12 4XX

REGISTERED NUMBER:

SC773902 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Intangible assets

4

1,005,324

1,061,175

Tangible assets

5

10,271

12,613

1,015,595

1,073,788

CURRENT ASSETS

Stocks

6

98,529

173,588

Debtors

7

238,854

270,010

Cash at bank and in hand

275,055

344,173

612,438

787,771

CREDITORS

Amounts falling due within one year

8

672,081

988,624

NET CURRENT LIABILITIES

(59,643

)

(200,853

)

TOTAL ASSETS LESS CURRENT LIABILITIES

955,952

872,935

CREDITORS

Amounts falling due after more than one year

9

(583,982

)

(649,571

)

PROVISIONS FOR LIABILITIES

12

(2,568

)

(3,153

)

NET ASSETS

369,402

220,211

CAPITAL AND RESERVES

Called up share capital

13

2

2

Retained earnings

14

369,400

220,209

SHAREHOLDERS' FUNDS

369,402

220,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 24 April 2026 and were signed on its behalf by:

M Hislop - Director

A J Porter - Director

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

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 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

1,117,026

AMORTISATION

At 1 September 2024

55,851

Amortisation for year

55,851

At 31 August 2025

111,702

NET BOOK VALUE

At 31 August 2025

1,005,324

At 31 August 2024

1,061,175

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 September 2024

5,520

9,757

15,277

Additions

-

1,513

1,513

At 31 August 2025

5,520

11,270

16,790

DEPRECIATION

At 1 September 2024

190

2,474

2,664

Charge for year

552

3,303

3,855

At 31 August 2025

742

5,777

6,519

NET BOOK VALUE

At 31 August 2025

4,778

5,493

10,271

At 31 August 2024

5,330

7,283

12,613

6.

STOCKS

31.8.25

31.8.24

£

£

Stocks

98,529

121,644

Work-in-progress

-

51,944

98,529

173,588

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

199,895

213,579

Other debtors

4,169

4,169

A & L Porter Investments Ltd

1

1

VAT

28,828

52,261

Prepayments

5,961

-

238,854

270,010

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 10)

64,053

56,932

Other loans (see note 10)

127,846

212,846

Trade creditors

277,876

259,181

Tax

69,290

91,025

Social security and other taxes

7,342

6,936

Other creditors

829

830

Directors' current accounts

124,845

209,845

Accruals and deferred income

-

142,929

Accrued expenses

-

8,100

672,081

988,624

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 10)

583,982

649,571

10.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans

64,053

56,932

A & L Porter Ltd

127,846

212,846

191,899

269,778

31.8.25

31.8.24

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

583,982

649,571

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

648,035

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

31.8.25

31.8.24

£

£

Deferred tax

2,568

3,153

Deferred

tax

£

Balance at 1 September 2024

3,153

Provided during year

(585

)

Balance at 31 August 2025

2,568

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

50

Ordinary A

1p

1

1

50

Ordinary B

1p

1

1

2

2

14.

RESERVES

Retained

earnings

£

At 1 September 2024

220,209

Profit for the year

149,191

At 31 August 2025

369,400