REGISTERED NUMBER: SC487541 (Scotland)

Financial Statements For The Year Ended 31 July 2025

for

Mhor Bread Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

O D Lewis

T O Lewis

REGISTERED OFFICE:

Balquhidder

Lochearnhead

Perthshire

FK19 8PQ

REGISTERED NUMBER:

SC487541 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

331,552

361,789

CURRENT ASSETS

Stocks

41,016

27,528

Debtors

88,600

94,161

Cash at bank and in hand

189,575

130,735

319,191

252,424

CREDITORS

Amounts falling due within one year

152,881

139,393

NET CURRENT ASSETS

166,310

113,031

TOTAL ASSETS LESS CURRENT LIABILITIES

497,862

474,820

CREDITORS

Amounts falling due after more than one year

5

(236,193

)

(251,211

)

PROVISIONS FOR LIABILITIES

(11,969

)

(17,496

)

NET ASSETS

249,700

206,113

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

249,600

206,013

SHAREHOLDERS' FUNDS

249,700

206,113

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

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

T O Lewis - Director

1.	STATUTORY INFORMATION

Mhor Bread 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.

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.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to the date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Heritable property

-

2% on cost

Improvements to property

-

Over 15 years

Fixed plant and equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

529,237

Additions

12,365

At 31 July 2025

541,602

DEPRECIATION

At 1 August 2024

167,448

Charge for year

42,602

At 31 July 2025

210,050

NET BOOK VALUE

At 31 July 2025

331,552

At 31 July 2024

361,789

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 August 2024

58,900

Transfer to ownership

(12,750

)

At 31 July 2025

46,150

DEPRECIATION

At 1 August 2024

35,260

Charge for year

12,600

Transfer to ownership

(6,375

)

At 31 July 2025

41,485

NET BOOK VALUE

At 31 July 2025

4,665

At 31 July 2024

23,640

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 years

195,212

204,399

6.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

8,307

10,432

Between one and five years

7,258

15,565

15,565

25,997

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

235,877

241,854

Hire purchase contracts

15,565

25,997

251,442

267,851

Cumberland Building Society (UK) plc hold a standard security over the property of the company and a floating

charge over the company's assets.