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Registered number: SC676316
Mhor Health Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC676316
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,275 3,791
Tangible Assets 5 159,115 98,533
162,390 102,324
CURRENT ASSETS
Stocks 6 49,964 54,000
Debtors 7 126,820 103,078
Cash at bank and in hand 109,415 195,273
286,199 352,351
Creditors: Amounts Falling Due Within One Year 8 (316,967 ) (376,067 )
NET CURRENT ASSETS (LIABILITIES) (30,768 ) (23,716 )
TOTAL ASSETS LESS CURRENT LIABILITIES 131,622 78,608
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,389 ) -
NET ASSETS 96,233 78,608
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 96,133 78,508
SHAREHOLDERS' FUNDS 96,233 78,608
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For the year ending 31 October 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Gillian Jamieson
Director
Mrs Jennifer Moncur
Director
08/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mhor Health Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC676316 . The registered office is Mhor Health, Invercauld House, Spean Bridge, Inverness-Shire, PH34 4EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency is £ sterling.
The level of rounding is to the nearest £ Sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised on 10% straight line method.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line - 10%
Plant & Machinery Reducing balance - 20%
Motor Vehicles Reducing balance - 20%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 3)
5 3
4. Intangible Assets
Other
£
Cost
As at 1 November 2024 5,120
As at 31 October 2025 5,120
Amortisation
As at 1 November 2024 1,329
Provided during the period 516
As at 31 October 2025 1,845
Net Book Value
As at 31 October 2025 3,275
As at 1 November 2024 3,791
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2024 48,528 67,863 11,887 128,278
Additions - 15,037 63,559 78,596
As at 31 October 2025 48,528 82,900 75,446 206,874
Depreciation
As at 1 November 2024 6,687 21,374 1,684 29,745
Provided during the period 2,437 12,163 3,414 18,014
As at 31 October 2025 9,124 33,537 5,098 47,759
Net Book Value
As at 31 October 2025 39,404 49,363 70,348 159,115
As at 1 November 2024 41,841 46,489 10,203 98,533
6. Stocks
2025 2024
£ £
Stock 49,964 54,000
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 126,820 103,078
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 96,842 105,295
Other creditors 210,929 235,400
Taxation and social security 9,196 35,372
316,967 376,067
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans from directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Ms Gillian Jamieson 149,662 51,487 41,616 - 139,791
Mrs Jennifer Moncur 82,733 55,092 41,637 - 69,278
The above loan is unsecured, interest free and repayable on demand.
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