Muhdo Health Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 10673236

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		7,166		7,566
Tangible Assets	5		2,939		3,152

			10,105		10,718
CURRENT ASSETS
Stocks	6	228,052		7,405
Debtors	7	1,593,955		864,014
Cash at bank and in hand		7,739		97,663

		1,829,746		969,082
Creditors: Amounts Falling Due Within One Year	8	(761,132 )		(982,109 )

NET CURRENT ASSETS (LIABILITIES)			1,068,614		(13,027 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,078,719		(2,309 )

Creditors: Amounts Falling Due After More Than One Year	9		(1,592,141 )		(972,310 )

NET LIABILITIES			(513,422 )		(974,619 )

CAPITAL AND RESERVES
Called up share capital	10		281		267
Share premium account			3,919,192		3,848,387
Other reserves			333,594		-
Profit and Loss Account			(4,766,489 )		(4,823,273 )

SHAREHOLDERS' FUNDS			(513,422)		(974,619)

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Muhdo Health Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

R A Layton

Director

31/07/2026

The notes on pages 4 to 7 form part of these financial statements.

	Share Capital	Share Premium	Other reserves	Profit and Loss Account	Total
	£	£	£	£	£
As at 1 April 2024	267	3,848,387	-	(4,644,993 )	(796,339)
Loss for the year and total comprehensive income	-	-	-	(178,280 )	(178,280)

As at 31 March 2025 and 1 April 2025 as restated	267	3,848,387	-	(4,823,273 )	(974,619)


Profit for the year and total comprehensive income	-	-	-	56,784	56,784

Arising on shares issued during the period	14	70,805	-	-	70,819
Movements in other reserves	-	-	333,594	-	333,594

As at 31 March 2026	281	3,919,192	333,594	(4,766,489 )	(513,422)

1. General Information

Muhdo Health Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number 10673236 . The registered office is Columba House , Adastral Park, Martlesham, Suffolk, IP5 3RE.

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.

2.2. Going Concern Disclosure

The company continues to have the financial support of it's directors and shareholders and so these accounts are prepared on a going concern basis.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets with finite useful lives that are acquired separately are carride at cost less accumulated amortisation and acumulated impairement losses. Amortisation is recognised on a straight-line basis over their estimated useful lives. The estimated useful life and amortisatoin method are reviewed at the end of each repoting period, with the effect of any changes in estimate being accounted for ona prospective basis. Intangible assets with indefinite useful lives that are acquired separately are carried at cost less accumulated impairment losses.

An intangible asset is derecongised on disposal, or when no future economic benefits are expected from use or disposal. Gains or losses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognised in profit or loss when the asset is derecognised.

An intangible asset with an indefinite useful life is tested for impairment at least annually and whenever there is an indication that the asset may be impaired.

2.5. 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:

Fixtures & Fittings	4 years
Computer Equipment	3 years

2.6. 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.

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Muhdo Health Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 8)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	10,000

As at 31 March 2026	10,000

Amortisation
As at 1 April 2025	2,434
Provided during the period	400

As at 31 March 2026	2,834

Net Book Value
As at 31 March 2026	7,166

As at 1 April 2025	7,566

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Muhdo Health Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	3,637	11,387	15,024
Additions	-	1,189	1,189

As at 31 March 2026	3,637	12,576	16,213

Depreciation
As at 1 April 2025	3,637	8,235	11,872
Provided during the period	-	1,402	1,402

As at 31 March 2026	3,637	9,637	13,274

Net Book Value
As at 31 March 2026	-	2,939	2,939

As at 1 April 2025	-	3,152	3,152

6. Stocks

	2026	2025 as restated
	£	£
Stock	228,052	7,405

7. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	1,089,665	797,049
Other debtors	504,290	66,965

	1,593,955	864,014

8. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	374,141	442,539
Bank loans and overdrafts	224,411	401,222
Other creditors	61,332	82,254
Taxation and social security	101,248	56,094

	761,132	982,109

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Muhdo Health Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Bank loans	1,592,141	972,310

10. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	281	267

11. Prior-year reclassification

The comparative figures have been reclassified to reflect the contractual repayment terms of certain loan balances. An amount of £972,310, which was previously included within creditors falling due within one year, has been reclassified to creditors falling due after more than one year.

This reclassification has no effect on the loss for the prior year, total liabilities, net liabilities or shareholders’ funds.

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