Company registration number 02893518 (England and Wales)
SCS BUILDING SOLUTIONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
SCS BUILDING SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
Mr P Flynn
Mr D L Friend
Mr C I Scott
Mr P Baker
Company number
02893518
Registered office
Newmarket House
Aberford Road
Stanley
Wakefield
WF3 4AL
Auditor
Azets Audit Services Limited
Triune Court
Monks Cross Drive
York
YO32 9GZ
SCS BUILDING SOLUTIONS LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Notes to the financial statements
12 - 23
SCS BUILDING SOLUTIONS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 1 -

The directors present the strategic report for the year ended 28 February 2026.

Review of the business

Our business model is founded on a talented workforce and supply chain, and long term relationships with clients and partners. We use these resources to deliver high quality construction projects.

What We Do

SCS Building Solutions are specialists in the supply and installation of SFS, metal stud partitions / drylining, GRG encasements / profiles and suspended ceilings.

What We Aim to Achieve

As a company operating in the construction industry, we aim to deliver high quality work in a timely manner. We are focused on developing and empowering our employees and we strive to always work in a safe and sustainable way.

Market Context

SCS Building Solutions currently operates as a subcontractor exclusively to Tier 1 Contractors. Demand for our services is closely linked to investment in new construction, refurbishment and infrastructure projects across the north of England.

Performance Analysis

The company has performed well in the year end ed February 202 6 seeing an increase in turnover from the previous year.

| February 26 | February 25
Turnover | £21,014,095 | £18,949,760
Operating Profit | £1,038,143 | £1,969,784
Operating Profit Margin | 4.9% | 10.4%
Overheads as a % of Revenue | 12.5% | 12.3%

Securing fixed or capped prices on materials has had a positive impact in maintaining budgeted costs on all projects.

Communicating clearly and regularly with the SCS subcontract operatives has ensured a reliable workforce across all SCS sites, ensuring that programme requirements are met.

Workforce

We employ approximately 35 directly employed members of staff. We have a low staff turnover with the current average staff retention of 7.81 years. Many existing senior staff members have been with the group for over 15 years and many site managers worked for the group as subcontractors prior to being employed full time by the SCS Group. We continue to invest in apprenticeships, management development and health & safety training to ensure our workforce has the skills to support future growth.

Supply Chain

We have a trusted network of suppliers and subcontractors who are aligned to our values and can help us deliver projects efficiently and to a high standard.

Technology and Innovation

The Group continues to invest in digital systems and technology to improve efficiency across all areas of the business. Construction management software, digital document control and wearable site imaging technology support project delivery, enabling the Group to manage projects more effectively while reducing administrative work.

SCS BUILDING SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 2 -

Client relationships

We have established long-term relationships with many of our key clients resulting in repeat business and opportunities on major projects. We continue to strengthen these relationships while developing new partnerships with Tier 1 contractors we may not have previously worked for.

Principle Risks and Uncertainties

Government changes

A significant amount of construction work is driven by UK Government expenditure, in particular education and healthcare projects and therefore any reduction in this expenditure could adversely impact on SCS workflow. We have looked to mitigate this risk by ensuring we work on projects across a variety of sectors, including commercial and non-commercial. Alternatively, an increase in government spending could lead to a potential increase in workflow.

Poor Contract Selection

A failure to identify the risks of a project and what has been included within the contracts of work may lead to poor delivery and ultimately result in reputational damage and loss of opportunities. We have looked to mitigate this risk by employing an internal advisor to review our contracts.

Over reliance on clients

We aim to work for a varied range of c ontractors to help spread risk. We are always looking to build new client relationships whilst maintaining relationships with our existing clients.

Financial Risk

Debtors remain relatively high as is expected in the industry. This is due to extended payment terms. The finance team and Board of Directors monitor cashflow daily to mitigate this risk. The Group also has in place Credit Insurance against our debtors, which provides comfort in a volatile market. Inflationary pressures on labour and material costs continue to present a risk to profitability. To mitigate this, the Group seeks to agree fixed or capped material prices with suppliers prior to commencement of projects wherever possible. The increasing reliance on digital systems exposes the Group to cyber security risks. Appropriate IT security measures and backups are in place to minimise this risk.

Key Personnel

The success of our business is dependant on the staff that we employ. We are focused on engaging with all our staff within the organisation to ensure that they continue to deliver high quality work. We carry out self and Director appraisals during annual reviews to ensure all staff are happy and motivated.

Health and Safety

The nature of the business means that employees and third parties are exposed to the potential Health and Safety risks, and management of these risks is critical. The company is committed to the HS&E and has formed a Health & Safety committee; our H&S Advisor carries out a monthly review of the health and safety measures in place on all our sites.

SCS BUILDING SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
Maintaining and enhancing our resources

Staff

We develop our staff through training and mentoring to increase the skills and knowledge they require to maximise their potential and meet the needs of our markets. We create a safe working environment in which our employees work.

Our Supply Chain

We build long-term relationships with our suppliers and subcontractors based on fairness and respect. By aligning our supply chain to our values and quality criteria we reduce the likelihood of error on projects and increase efficiency and client satisfaction.

Client Relationships

Using our talented work force and high-quality supply chain we deliver safe, efficiently run, high quality projects that match our clients’ objectives. The relationships we build as a result increase the prospect of repeat business, which can have a positive impact on profitability and long-term growth.

Disciplined financial management

We monitor our cash levels daily and foster good relationships with financial institutions.

Environmental, Social and Governance

The SCS Group is committed to environmental sustainability. We monitor CO2 emissions monthly through fuel usage monitoring and seek to reduce our environmental impact by providing electric or hybrid company vehicles, reducing waste, recycling plasterboard and participating in carbon offset programs. The Group also prioritises social responsibility by actively engaging with the communities in which we operate. The Board provides strategic direction, ensuring that our actions align with our core values and long-term objectives.

Development and Performance

Future Direction

To take the SCS G roup forward, the board continue to strive for efficiencies within the business. We have implemented computer software programmes for most functions within the business, which assist with day-to-day work and continue to advance year on year.

The group take time to review all material purchase orders for accuracy and ensure no over ordering is taking place. We aim to engage early with all manufacturers and suppliers to ensure material procurement is in place well ahead of site requirements.

We will continue to deal directly with subcontractors who can deliver the schemes that the group are working on, and ensure the group maintains the required labour levels to maintain programme.

Going forward, we aim to continue to produce high quality work and continue to play a part in improving infrastructure across the north of England.

On behalf of the board

Mr C I Scott
Director
9 August 2026
SCS BUILDING SOLUTIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 4 -

The directors present their annual report and financial statements for the year ended 28 February 2026.

Principal activities

The principal activity of the company continued to be that of the supply & installation of SFS, metal stud partitions/drylining, GRG encasements/profiles and suspended ceilings.

Results and dividends

The results for the year are set out on page 9.

Ordinary interim dividends were paid amounting to £475,468 (2025 - £310,106). The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P Flynn
Mr D L Friend
Mr C I Scott
Mr P Baker
Auditor

The auditor, Azets Audit Services Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Mr C I Scott
Director
9 August 2026
SCS BUILDING SOLUTIONS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SCS BUILDING SOLUTIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SCS BUILDING SOLUTIONS LIMITED
- 6 -
Opinion

We have audited the financial statements of SCS Building Solutions Limited (the 'company') for the year ended 28 February 2026 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 28 February 2026 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

SCS BUILDING SOLUTIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SCS BUILDING SOLUTIONS LIMITED (CONTINUED)
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

SCS BUILDING SOLUTIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SCS BUILDING SOLUTIONS LIMITED (CONTINUED)
- 8 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

- Performing audit work over the timing and recognition of revenue and in particular whether it has been recorded in the correct accounting period.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Chris Woodroffe (Senior Statutory Auditor)
For and on behalf of Azets Audit Services Limited, Statutory Auditor
Chartered Accountants
Triune Court
Monks Cross Drive
York
YO32 9GZ
17 August 2026
SCS BUILDING SOLUTIONS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 9 -
2026
2025
Notes
£
£
Turnover
3
21,014,095
18,949,760
Cost of sales
(17,376,897)
(14,657,302)
Gross profit
3,637,198
4,292,458
Administrative expenses
(2,619,224)
(2,340,081)
Other operating income
20,169
17,407
Operating profit
4
1,038,143
1,969,784
Interest payable and similar expenses
7
(2,032)
(31,660)
Profit before taxation
1,036,111
1,938,124
Tax on profit
8
(268,810)
(436,053)
Profit for the financial year
767,301
1,502,071

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

SCS BUILDING SOLUTIONS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 10 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
10
22,952
31,870
Current assets
Debtors falling due after more than one year
11
411,406
264,245
Debtors falling due within one year
11
9,047,700
8,850,193
Cash at bank and in hand
978,267
1,111,482
10,437,373
10,225,920
Creditors: amounts falling due within one year
13
(5,806,028)
(5,893,742)
Net current assets
4,631,345
4,332,178
Total assets less current liabilities
4,654,297
4,364,048
Provisions for liabilities
Deferred tax liability
14
3,976
5,560
(3,976)
(5,560)
Net assets
4,650,321
4,358,488
Capital and reserves
Called up share capital
16
30,000
30,000
Capital redemption reserve
135,000
135,000
Profit and loss reserves
4,485,321
4,193,488
Total equity
4,650,321
4,358,488

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 17 August 2026 and are signed on its behalf by:
Mr P Flynn
Mr D L Friend
Director
Director
Mr C I Scott
Mr P Baker
Director
Director
Company registration number 02893518 (England and Wales)
SCS BUILDING SOLUTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 11 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 29 February 2024
30,000
135,000
3,001,523
3,166,523
Year ended 28 February 2025:
Profit and total comprehensive income
-
-
1,502,071
1,502,071
Dividends
9
-
-
(310,106)
(310,106)
Balance at 28 February 2025
30,000
135,000
4,193,488
4,358,488
Year ended 28 February 2026:
Profit and total comprehensive income
-
-
767,301
767,301
Dividends
9
-
-
(475,468)
(475,468)
Balance at 28 February 2026
30,000
135,000
4,485,321
4,650,321
SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 12 -
1
Accounting policies
Company information

SCS Building Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Newmarket House, Aberford Road, Stanley, Wakefield, WF3 4AL.

1.1
Accounting convention

These financial statements have been prepared in accordance with “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemption s from the following disclosure requirements:

- Section 4 ‘Statement of Financial Position’: Reconciliation of the opening and closing number of shares;

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The company has taken advantage of the disclosure exemptions of Section 33.1A of FRS 102 which permit it to not present details of its transactions with members of the group headed by SCS Group Holdings Limited where relevant group companies are all wholly owned.

The immediate parent company is Specialist Ceiling Services Holdings Limited and the ultimate parent company is SCS Group Holdings Limited. SCS Group Holdings Limited is the smallest and largest group into which these financial statements are consolidated. Group accounts can be obtained from it's registered office of Newmarket House, Aberford Road, Stanley, Wakefield, WF3 4AL.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for materials and building services provided in the normal course of business, and is shown net of VAT and other sales related taxes except in respect of long term contracts, where turnover represents the sales value of work done in the year including estimates in respect of amounts not invoiced.

SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 13 -

Revenue from contracts for the provision of building services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by obtaining a quanty surveyor's assessment of work completed to date, whilst making ensuring all costs have been incurred in the period of work. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Fixtures and fittings
25% straight line
Computers
25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 14 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and 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, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 15 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 16 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 17 -
1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Long term contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable.

3
Turnover and other revenue
2026
2025
£
£
Turnover analysed by class of business
Construction projects
21,014,095
18,949,760
SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
3
Turnover and other revenue
(Continued)
- 18 -
2026
2025
£
£
Turnover analysed by geographical market
United Kingdom
21,014,095
18,949,760
2026
2025
£
£
Other revenue
Grants received
20,169
17,407
4
Operating profit
2026
2025
Operating profit for the year is stated after charging/(crediting):
£
£
Government grants
(20,169)
(17,407)
Fees payable to the company's auditor for the audit of the company's financial statements
20,900
19,900
Depreciation of owned tangible fixed assets
10,617
14,894
(Profit)/loss on disposal of intangible assets
-
16,144
Operating lease charges
201,800
199,176
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Production
18
20
Directors and admin
17
16
Total
35
36

Their aggregate remuneration comprised:

2026
2025
£
£
Wages and salaries
2,037,291
1,675,002
Social security costs
162,909
144,089
Pension costs
193,829
297,581
2,394,029
2,116,672
SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 19 -
6
Directors' remuneration
2026
2025
£
£
Remuneration for qualifying services
59,706
70,671
Company pension contributions to defined contribution schemes
77,784
200,564
137,490
271,235
Remuneration disclosed above include the following amounts paid to the highest paid director:
2026
2025
£
£
Remuneration for qualifying services
n/a
17,338
Company pension contributions to defined contribution schemes
n/a
80,285

As total directors' remuneration was less than £200,000 in the current year, no disclosure is provided for that year.

During the year retirement benefits were accruing to 4 directors (2025: 4) in respect of defined contributions pension scheme.

7
Interest payable and similar expenses
2026
2025
£
£
Other interest
2,032
31,660
8
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
267,114
418,000
Adjustments in respect of prior periods
3,280
19,657
Total current tax
270,394
437,657
Deferred tax
Origination and reversal of timing differences
(1,584)
(1,604)
Total tax charge
268,810
436,053
SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
8
Taxation
(Continued)
- 20 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2026
2025
£
£
Profit before taxation
1,036,111
1,938,124
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2025: 25.00%)
259,028
484,531
Tax effect of expenses that are not deductible in determining taxable profit
6,502
2,920
Adjustments in respect of prior years
3,280
19,657
Group relief
-
0
(70,289)
Other
-
0
112
Movement in deferred tax not recognised
-
0
(878)
Taxation charge for the year
268,810
436,053
9
Dividends
2026
2025
£
£
Interim paid
475,468
310,106
10
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2025
45,034
7,571
40,503
37,462
130,570
Additions
-
0
-
0
1,699
-
0
1,699
At 28 February 2026
45,034
7,571
42,202
37,462
132,269
Depreciation and impairment
At 1 March 2025
26,604
6,976
27,658
37,462
98,700
Depreciation charged in the year
5,002
595
5,020
-
0
10,617
At 28 February 2026
31,606
7,571
32,678
37,462
109,317
Carrying amount
At 28 February 2026
13,428
-
0
9,524
-
0
22,952
At 28 February 2025
18,430
595
12,845
-
0
31,870
SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 21 -
11
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,993,734
3,413,543
Amounts owed by group undertakings
6,662,897
5,117,129
Other debtors
137,892
91,396
Prepayments and accrued income
253,177
228,125
9,047,700
8,850,193
2026
2025
Amounts falling due after more than one year:
£
£
Trade debtors
411,406
264,245
Total debtors
9,459,106
9,114,438

Amounts owed by group undertaking are unsecured, interest free and reapyable on demand.

12
Loans and overdrafts
2026
2025
£
£
Bank loans and overdrafts
167,018
276,744
Payable within one year
167,018
276,744

Included within bank loans and overdrafts is an overdraft facility totalling £167,018 (2025 - £141,801).

Also included within bank loans and overdrafts is a bank loan totalling £nil (2025 - £134,943). The loan was previously recognised for a term of five years and was repayable in 72 monthly instalments. The loan incurred interest at 9.40% per annum. Within the year, the loan balance was settled in full and hence the liability at the balance sheet date was £nil.

SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 22 -
13
Creditors: amounts falling due within one year
2026
2025
Notes
£
£
Bank loans and overdrafts
12
167,018
276,744
Trade creditors
2,790,377
2,953,948
Amounts owed to group undertakings
1,319,874
874,943
Corporation tax
267,453
229,674
Other taxation and social security
57,399
141,485
Other creditors
192
156
Accruals and deferred income
1,203,715
1,416,792
5,806,028
5,893,742

Bank loans and overdrafts are secured as detailed in note 12.

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

14
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2026
2025
Balances:
£
£
Accelerated capital allowances
5,560
7,638
Provisions
(1,584)
(2,078)
3,976
5,560
2026
Movements in the year:
£
Liability at 1 March 2025
5,560
Credit to profit or loss
(1,584)
Liability at 28 February 2026
3,976
15
Retirement benefit schemes
2026
2025
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
193,829
297,581

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

SCS BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 23 -
16
Share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
30,000 shares of £1 each
30,000
30,000
30,000
30,000
17
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2026
2025
£
£
Within 1 year
245,412
131,121
Years 2-5
289,056
327
534,468
131,448
18
Related party transactions

Newmarket Pension Scheme

During the year, the company paid rent amounting to £37,020 (2025 - £58,010) to the pension scheme, in which Mr D L Friend, Mr P Flynn and Mr C I Scott, directors of the company, are trustees and members.

19
Directors' transactions

Interest free loans have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr D L Friend - Loan
-
417
305
(677)
45
Mr P Flynn - Loan
-
573
100
(467)
206
Mr C I Scott - Loan
-
(152)
270
(135)
(17)
Mr P Baker - Loan
-
55
-
-
55
893
675
(1,279)
289
20
Ultimate controlling party

The immediate parent company is Specialist Ceiling Services Holdings Limited and the ultimate parent company is SCS Group Holdings Limited. SCS Group Holdings Limited is the smallest and largest group into which these financial statements are consolidated. Group accounts can be obtained from it's registered office of Newmarket House, Aberford Road, Stanley, Wakefield, WF3 4AL.

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