Northcote Services Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of Northcote Services Limited for the year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Northcote Services Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Northcote Services Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Northcote Services Limited and state those matters that we have agreed to state to the director of Northcote Services Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northcote Services Limited and its director as a body for our work or for this report.

It is your duty to ensure that Northcote Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Northcote Services Limited . You consider that Northcote Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Northcote Services Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

13 May 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Northcote Services Limited

Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: SC220343

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,601		27,155

			23,601		27,155
CURRENT ASSETS
Stocks	5	4,256		2,000
Debtors	6	336,185		406,866
Cash at bank and in hand		64,314		35,548

		404,755		444,414
Creditors: Amounts Falling Due Within One Year	7	(234,547 )		(367,859 )

NET CURRENT ASSETS (LIABILITIES)			170,208		76,555

TOTAL ASSETS LESS CURRENT LIABILITIES			193,809		103,710

Creditors: Amounts Falling Due After More Than One Year	8		-		(7,908 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,064 )		(6,789 )

NET ASSETS			188,745		89,013

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			188,744		89,012

SHAREHOLDERS' FUNDS			188,745		89,013

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Northcote Services Limited

Balance Sheet (continued)

As At 31 October 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements were approved by the board of directors on 6 May 2026 and were signed on its behalf by:

Mr G Thomson

Director

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

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Northcote Services Limited

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Northcote Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC220343 . The registered office is Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA.

The presentation currency of the financial statements is the Pound Sterling (£).

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. 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 the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value.

2.3. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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:

Freehold	20% on cost
Plant & Machinery	25% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	50% on cost

2.4. 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.

2.5. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

...CONTINUED

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Northcote Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Financial Instruments - continued

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.6. 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

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.

2.7. 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: 7 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 November 2024	34,626	53,540	93,180	2,559
Additions	3,716	-	-	217
Disposals	-	-	-	-

As at 31 October 2025	38,342	53,540	93,180	2,776

...CONTINUED

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Northcote Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Depreciation
As at 1 November 2024	34,626	26,653	93,180	2,291
Provided during the period	372	7,531	-	94
Disposals	-	-	-	-

As at 31 October 2025	34,998	34,184	93,180	2,385

Net Book Value
As at 31 October 2025	3,344	19,356	-	391

As at 1 November 2024	-	26,887	-	268


	Computer Equipment	Total
	£	£
Cost
As at 1 November 2024	2,423	186,328
Additions	766	4,699
Disposals	(532 )	(532 )

As at 31 October 2025	2,657	190,495

Depreciation
As at 1 November 2024	2,423	159,173
Provided during the period	256	8,253
Disposals	(532 )	(532 )

As at 31 October 2025	2,147	166,894

Net Book Value
As at 31 October 2025	510	23,601

As at 1 November 2024	-	27,155

5. Stocks

	2025	2024
	£	£
Stock	4,256	2,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	205,775	359,624
Prepayments and accrued income	126,036	47,242
VAT	4,374	-

	336,185	406,866

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Northcote Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	72,611	111,277
Bank loans and overdrafts	7,908	10,311
Corporation tax	45,690	9,000
Other taxes and social security	5,348	4,546
VAT	-	43,624
Other creditors	9,899	18,311
Accruals and deferred income	1,728	-
Director's loan account	91,363	170,790

	234,547	367,859

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

	2025	2024
	£	£
Bank loans	-	7,908

9. Secured Creditors

The company has granted a bond and floating charge in favour of The Royal Bank of Scotland PLC over all present and

future property and undertakings of the company.

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 November 2024	6,789	6,789
Deferred taxation	(1,725 )	(1,725 )

Balance at 31 October 2025	5,064	5,064

11. Directors Advances, Credits and Guarantees

Included within creditors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Graeme Thomson	(170,790 )	110,789	(31,362 )	-	(91,363 )

The above loan is interest free and has no fixed repayment terms.

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