J&S Maintenance Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of J&S Maintenance Limited for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J&S Maintenance 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 directors of J&S Maintenance 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 J&S Maintenance Limited and state those matters that we have agreed to state to the directors of J&S Maintenance 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 J&S Maintenance Limited and its directors as a body for our work or for this report.

It is your duty to ensure that J&S Maintenance 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 J&S Maintenance Limited . You consider that J&S Maintenance 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 J&S Maintenance 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.

11 June 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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J&S Maintenance Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: SC651438

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		115,057		134,870

			115,057		134,870
CURRENT ASSETS
Debtors	5	123,874		113,726
Cash at bank and in hand		15,983		83,187

		139,857		196,913
Creditors: Amounts Falling Due Within One Year	6	(349,436 )		(297,819 )

NET CURRENT ASSETS (LIABILITIES)			(209,579 )		(100,906 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(94,522 )		33,964

Creditors: Amounts Falling Due After More Than One Year	7		(9,404 )		(27,688 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(26,346 )		(31,223 )

NET LIABILITIES			(130,272 )		(24,947 )

CAPITAL AND RESERVES
Called up share capital			400		400
Profit and Loss Account			(130,672 )		(25,347 )

SHAREHOLDERS' FUNDS			(130,272)		(24,947)

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J&S Maintenance Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The financial statements were approved by the board of directors on 11 June 2026 and were signed on its behalf by:

Mr S McKenzie

Director

The notes on pages 4 to 8 form part of these financial statements.

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J&S Maintenance Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

J&S Maintenance Limited is a private company, limited by shares, incorporated in Scotland, registered number SC651438 . The registered office is Dunvorist, Station Road, Murthly, Perthshire, PH1 4EL.

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.

The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from associates are not called on for repayment until the company is in such a position to be able to make repayments.

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. 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:

Improvements to property	10% on cost
Plant & Machinery	25% on cost
Motor Vehicles	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	25% on cost

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J&S Maintenance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. 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.

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.

2.7. 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

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.

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J&S Maintenance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2024: 23)

4. Tangible Assets

	Land & Property
	Improvements to property	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	14,640	126,008	78,223	2,100
Additions	-	458	23,795	220
Disposals	-	-	(5,700 )	-

As at 31 December 2025	14,640	126,466	96,318	2,320

Depreciation
As at 1 January 2025	1,062	56,167	28,839	1,540
Provided during the period	1,464	22,343	19,328	449
Disposals	-	-	(5,465 )	-

As at 31 December 2025	2,526	78,510	42,702	1,989

Net Book Value
As at 31 December 2025	12,114	47,956	53,616	331

As at 1 January 2025	13,578	69,841	49,384	560


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	2,910	223,881
Additions	118	24,591
Disposals	-	(5,700 )

As at 31 December 2025	3,028	242,772

Depreciation
As at 1 January 2025	1,403	89,011
Provided during the period	585	44,169
Disposals	-	(5,465 )

As at 31 December 2025	1,988	127,715

Net Book Value
As at 31 December 2025	1,040	115,057

As at 1 January 2025	1,507	134,870

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J&S Maintenance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	35,750	52,250
Motor Vehicles	13,333	-

	49,083	52,250

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	100,854	91,380
Other debtors	23,020	22,346

	123,874	113,726

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,245	19,800
Trade creditors	44,577	45,122
Bank loans and overdrafts	2,917	6,978
Amounts owed to participating interests	240,000	193,500
Other creditors	4,905	4,226
Taxation and social security	30,792	28,193

	349,436	297,819

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,404	24,750
Bank loans	-	2,938

	9,404	27,688

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	26,245	19,800
Later than one year and not later than five years	9,404	24,750

	35,649	44,550

	35,649	44,550

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J&S Maintenance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	31,223	31,223
Reversals	(4,877 )	(4,877)

Balance at 31 December 2025	26,346	26,346

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr John McKenzie	10,100	-	-	-	10,100
Mr Steven McKenzie	10,100	-	-	-	10,100

The above loans are interest free and have no fixed repayment terms.

11. Related Party Transactions

As at 31 December 2025, there is a loan balance due of £90,000 (2024: £100,000) to a company that is jointly owned by S McKenzie and J McKenzie.

As at 31 December 2025, there is a loan balance due of £52,500 (2024: £93,500) to a company that is jointly owned by S McKenzie and J McKenzie.

As at 31 December 2024, there is a loan balance due of £97,500 (2024: £nil) to a company that is ultimately owned by S McKenzie and J McKenzie.

These loans are interest free and have no fixed repayment terms.

12. Ultimate Controlling Party

The company's ultimate controlling parties are the directors, J McKenzie and S McKenzie, by virtue of their ownership of 75% of the issued share capital in the company.

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