LOGAN HEALTHCARE LTD


Director	A Mohammed


Registered Address	77 Dunn Street
	Glasgow
	G40 3PA


Registered Number	SC383809 (Scotland)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		615,933		694,562
Tangible assets	4		1,334,524		1,077,000
			1,950,457		1,771,562
Current assets
Stocks	5	206,109		159,500
Debtors	6	1,000,363		861,645
Cash at bank and on hand		301,637		440,028
		1,508,109		1,461,173
Creditors amounts falling due within one year	7	(2,226,899)		(2,055,649)
Net current assets (liabilities)			(718,790)		(594,476)
Total assets less current liabilities			1,231,667		1,177,086
Net assets			1,231,667		1,177,086
Capital and reserves
Called up share capital			10		10
Other reserves			400,000		400,000
Profit and loss account			831,657		777,076
Shareholders' funds			1,231,667		1,177,086

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 May 2026, and are signed on its behalf by:

A Mohammed
Director
Registered Company No. SC383809

LOGAN HEALTHCARE LTD

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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 and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	39		41

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 September 24	1,761,297	1,761,297
At 31 August 25	1,761,297	1,761,297
Amortisation and impairment
At 01 September 24	1,066,735	1,066,735
Charge for year	78,629	78,629
At 31 August 25	1,145,364	1,145,364
Net book value
At 31 August 25	615,933	615,933
At 31 August 24	694,562	694,562

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 September 24	945,076	10,994	133,662	184,394	6,428	1,280,554
Additions	51,168	181,755	97,089	6,105	1,851	337,968
At 31 August 25	996,244	192,749	230,751	190,499	8,279	1,618,522
Depreciation and impairment
At 01 September 24	-	10,719	103,546	85,053	4,236	203,554
Charge for year	-	39,802	19,297	20,406	939	80,444
At 31 August 25	-	50,521	122,843	105,459	5,175	283,998
Net book value
At 31 August 25	996,244	142,228	107,908	85,040	3,104	1,334,524
At 31 August 24	945,076	275	30,116	99,341	2,192	1,077,000

5.	Stocks

	2025	2024
	£	£
Other stocks	206,109	159,500
Total	206,109	159,500

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	782,283	666,008
Amounts owed by group undertakings	48,364	67,494
Other debtors	169,716	124,285
Prepayments and accrued income	-	3,858
Total	1,000,363	861,645

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	598,241	860,806
Taxation and social security	23,441	139,500
Redeemable preference shares, liability	575,000	575,000
Other creditors	1,026,617	476,744
Accrued liabilities and deferred income	3,600	3,599
Total	2,226,899	2,055,649


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Directors advances, credits and guarantees
	Other debtors include, Director loan account balance of NIL (2024- £Nil).

9.	Related party transactions
	Amounts owed by group undertakings of £48,364 (2024: £67,642) relates to Logan Pharmaceuticals Limited. This is a wholly owned subsidiary of the Parent company Logan Holdings Company Limited and debtors includes balance of £86,367 related to Logan Holdings Company Limited. Other creditors includes balance of £1,004,068 (2024: 453,630) relates to AFM Investments Limited.