IRIS Accounts Production v26.1.0.640 SC243351 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false Ordinary A 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC243351 2025-03-31 SC243351 2026-03-31 SC243351 2025-04-01 2026-03-31 SC243351 2024-03-31 SC243351 2024-04-01 2025-03-31 SC243351 2025-03-31 SC243351 ns15:Scotland 2025-04-01 2026-03-31 SC243351 ns14:PoundSterling 2025-04-01 2026-03-31 SC243351 ns10:Director1 2025-04-01 2026-03-31 SC243351 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC243351 ns10:SmallEntities 2025-04-01 2026-03-31 SC243351 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC243351 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 SC243351 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC243351 ns10:FullAccounts 2025-04-01 2026-03-31 SC243351 ns10:OrdinaryShareClass2 2025-04-01 2026-03-31 SC243351 ns10:OrdinaryShareClass4 2025-04-01 2026-03-31 SC243351 ns10:OrdinaryShareClass5 2025-04-01 2026-03-31 SC243351 ns10:Director2 2025-04-01 2026-03-31 SC243351 ns10:Director3 2025-04-01 2026-03-31 SC243351 ns10:Director4 2025-04-01 2026-03-31 SC243351 ns10:Director5 2025-04-01 2026-03-31 SC243351 ns10:CompanySecretary1 2025-04-01 2026-03-31 SC243351 ns10:RegisteredOffice 2025-04-01 2026-03-31 SC243351 ns5:CurrentFinancialInstruments 2025-03-31 SC243351 ns5:CurrentFinancialInstruments 2026-03-31 SC243351 ns5:ShareCapital 2025-03-31 SC243351 ns5:ShareCapital 2026-03-31 SC243351 ns5:CapitalRedemptionReserve 2025-03-31 SC243351 ns5:CapitalRedemptionReserve 2026-03-31 SC243351 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC243351 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 SC243351 ns5:FurnitureFittings 2025-04-01 2026-03-31 SC243351 ns5:MotorVehicles 2025-04-01 2026-03-31 SC243351 ns5:ComputerEquipment 2025-04-01 2026-03-31 SC243351 ns5:FurnitureFittings 2025-03-31 SC243351 ns5:MotorVehicles 2025-03-31 SC243351 ns5:ComputerEquipment 2025-03-31 SC243351 ns5:FurnitureFittings 2026-03-31 SC243351 ns5:MotorVehicles 2026-03-31 SC243351 ns5:ComputerEquipment 2026-03-31 SC243351 ns5:FurnitureFittings 2025-03-31 SC243351 ns5:MotorVehicles 2025-03-31 SC243351 ns5:ComputerEquipment 2025-03-31 SC243351 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 SC243351 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC243351 ns5:WithinOneYear 2026-03-31 SC243351 ns5:WithinOneYear 2025-03-31 SC243351 ns5:BetweenOneFiveYears 2026-03-31 SC243351 ns5:BetweenOneFiveYears 2025-03-31 SC243351 ns5:AllPeriods 2026-03-31 SC243351 ns5:AllPeriods 2025-03-31 SC243351 ns10:OrdinaryShareClass2 2026-03-31 SC243351 ns10:OrdinaryShareClass4 2026-03-31 SC243351 ns10:OrdinaryShareClass5 2026-03-31

REGISTERED NUMBER: SC243351 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

MJD SYSTEMS LTD.

MJD SYSTEMS LTD. (REGISTERED NUMBER: SC243351)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MJD SYSTEMS LTD.

COMPANY INFORMATION

for the Year Ended 31 March 2026

| DIRECTORS: | Mr M Dunscombe

| Mrs J A Dunscombe

| Mr G J Dunscombe

| Mrs N A Finlayson

| Mr C Lambourne

| SECRETARY: | Mrs J A Dunscombe

| REGISTERED OFFICE: | 9 Glasgow Road

| Paisley

| PA1 3QS

| REGISTERED NUMBER: | SC243351 (Scotland)

| ACCOUNTANTS: | John M Taylor & Co

| Chartered Accountants

| 9 Glasgow Road

| PAISLEY

| Renfrewshire

| PA1 3QS

MJD SYSTEMS LTD. (REGISTERED NUMBER: SC243351)

BALANCE SHEET

31 March 2026

31.3.25 |  | 31.3.26 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

53,193 |  |  | Tangible assets | 5 | 62,212 |  |

| CURRENT ASSETS

23,500 |  |  | Stocks | 23,800 |  |

159,612 |  |  | Debtors | 6 | 240,961 |  |

548,837 |  |  | Cash at bank and in hand | 590,419 |  |

731,949 |  | 855,180 |  |

| CREDITORS

177,287 |  |  | Amounts falling due within one year | 7 | 269,039 |  |

554,662 |  |  | NET CURRENT ASSETS | 586,141 |  |

607,855 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 648,353 |  |

13,272 |  |  | PROVISIONS FOR LIABILITIES | 15,553 |  |

594,583 |  |  | NET ASSETS | 632,800 |  |

| CAPITAL AND RESERVES

974 |  |  | Called up share capital | 9 | 974 |  |

26 |  |  | Capital redemption reserve | 26 |  |

593,583 |  |  | Retained earnings | 631,800 |  |

594,583 |  |  | SHAREHOLDERS' FUNDS | 632,800 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MJD SYSTEMS LTD. (REGISTERED NUMBER: SC243351)

BALANCE SHEET - continued

31 March 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

Mr M Dunscombe - Director

MJD SYSTEMS LTD. (REGISTERED NUMBER: SC243351)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| MJD Systems Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The significant policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Turnover

| Turnover represents the invoiced value, less credit notes, of goods sold and services provided in the year, exclusive of value added tax

| Revenue is recognised when goods or services are received by the customer and the risks and rewards of ownership have been passed to them. Revenue is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on cost

| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| When stocks are sold, the carrying amount of these stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.The amount of any reversal of any write-down of stocks is recognised as a reduction on the amount of stocks recognised as an expense in the period to which the reversal occurs.

MJD SYSTEMS LTD. (REGISTERED NUMBER: SC243351)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2026

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

| 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 all 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. 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 which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Cash & cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

| Bank loans are shown within borrowings in current liabilities.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

| Financial instruments

| Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2025 - 12 ) .

MJD SYSTEMS LTD. (REGISTERED NUMBER: SC243351)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2026

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer

| Totals |  | fittings |  | vehicles |  | equipment

£ | £ | £ | £ |

| COST

| At 1 April 2025 | 197,004 |  | 29,002 |  | 142,352 |  | 25,650 |  |

| Additions | 38,869 |  | 2,767 |  | 28,345 |  | 7,757 |  |

| Disposals | (72,459 | ) | (23,165 | ) | (28,704 | ) | (20,590 | ) |

| At 31 March 2026 | 163,414 |  | 8,604 |  | 141,993 |  | 12,817 |  |

| DEPRECIATION

| At 1 April 2025 | 143,811 |  | 26,755 |  | 94,736 |  | 22,320 |  |

| Charge for year | 28,986 |  | 1,741 |  | 25,303 |  | 1,942 |  |

| Eliminated on disposal | (71,595 | ) | (23,165 | ) | (28,704 | ) | (19,726 | ) |

| At 31 March 2026 | 101,202 |  | 5,331 |  | 91,335 |  | 4,536 |  |

| NET BOOK VALUE

| At 31 March 2026 | 62,212 |  | 3,273 |  | 50,658 |  | 8,281 |  |

| At 31 March 2025 | 53,193 |  | 2,247 |  | 47,616 |  | 3,330 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Trade debtors | 139,332 |  | 49,479 |  |

| Other debtors | 101,629 |  | 110,133 |  |

240,961 |  | 159,612 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Trade creditors | 27,230 |  | 8,125 |  |

| Taxation and social security | 114,228 |  | 108,332 |  |

| Other creditors | 127,581 |  | 60,830 |  |

269,039 |  | 177,287 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.26 |  | 31.3.25

£ | £ |

| Within one year | 5,896 |  | - |  |

| Between one and five years | 11,300 |  | - |  |

17,196 |  | - |  |

MJD SYSTEMS LTD. (REGISTERED NUMBER: SC243351)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2026

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.26 |  | 31.3.25

| value: | £ | £ |

| 297 | Ordinary A | £1 | 297 |  | 437 |  |

| (31.3.25 - 437 ) |

| 380 | Ordinary C | £1 | 380 |  | 100 |  |

| 297 | Ordinary D | £1 | 297 |  | 437 |  |

974 |  | 974 |  |

10. | ULTIMATE CONTROLLING PARTIES

| Mr M Dunscombe and Mrs J Dunscombe directly control the company as a result of holding the majority of the issued share capital between them.