Shutdown Maintenance Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—10

1. General Information

Shutdown Maintenance Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01348516 . The registered office is Lime House, 75 Church Road, Tiptree, Essex, CO5 0HB.

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.

The company changed its accounting reference date during the period. Consequently, the current financial statements cover the nine months ended 31 December 2025, whereas the comparative figures relate to the twelve months ended 31 March 2025. As a result, the comparative information is not directly comparable with the current period.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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.

Turnover, which has been recognised but not invoiced by the balance sheet date, is included in debtors as amounts recoverable on contracts.

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.

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Shutdown Maintenance Services Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses with the exception of freehold property. Freehold property is carried at valuation less any subsequent accumulated deprication and any subsequent accumulated impairment losses. The basis of the valuation is fair value.

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	property 4% straight line (land 0%)
Plant & Machinery	20% straight line
Motor Vehicles	20% straight line

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 the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impariment loss is recognised.

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Shutdown Maintenance Services Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

2.8. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.9. 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 period was: 22 (2025: 19)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2025	751,449	482,320	116,071	1,349,840
Additions	-	25,048	17,173	42,221
Disposals	-	(2,000 )	(18,286 )	(20,286 )

As at 31 December 2025	751,449	505,368	114,958	1,371,775

Depreciation
As at 1 April 2025	-	292,606	102,964	395,570
Provided during the period	3,043	32,673	3,799	39,515
Disposals	-	(1,718 )	(18,286 )	(20,004 )
On revaluations	(3,043 )	-	-	(3,043 )

As at 31 December 2025	-	323,561	88,477	412,038

Net Book Value
As at 31 December 2025	751,449	181,807	26,481	959,737

As at 1 April 2025	751,449	189,714	13,107	954,270

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Shutdown Maintenance Services Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

Cost or valuation as at 31 December 2025 represented by:

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
At cost	314,641	505,368	114,958	934,967
At valuation	436,808	-	-	436,808

	751,449	505,368	114,958	1,371,775

The freehold land and buildings were revalued on 31 December 2025 by M Clapp, the managing director, on a fair value basis. This valuation included £650,000 for the land at Kingsnorth Industrial Estate and £101,449 for the buildings.

5. Stocks

	31 December 2025	31 March 2025
	£	£
Materials	47,914	34,022

6. Debtors

	31 December 2025	31 March 2025
	£	£
Due within one year
Trade debtors	454,853	218,077
Amounts recoverable on contracts	132,348	114,749
Prepayments and accrued income	29,381	26,984
Other debtors	-	6,800
VAT	18,497	-

	635,079	366,610

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Shutdown Maintenance Services Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 March 2025
	£	£
Net obligations under finance lease and hire purchase contracts	17,802	18,083
Trade creditors	327,783	194,753
Bank loans and overdrafts	27,892	24,464
Other taxes and social security	24,626	91,414
VAT	-	12,595
Net wages	-	9,438
Other creditors	3,985	7,296
Accruals and deferred income	22,381	81,475

	424,469	439,518

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

	31 December 2025	31 March 2025
	£	£
Net obligations under finance lease and hire purchase contracts	19,298	32,579
Bank loans	293,762	316,636

	313,060	349,215

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	31 December 2025		31 March 2025
	£		£
Bank loans	160,280		108,049

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

The bank loan relates to a Barclays Bank PLC loan with the security in the form of legal charges. The charges contain a fixed and floating charge in place on the business premises at Kingsnorth Industrial Estate, Hoo as well as the undertakings of the company and held by Barclays Security Trustee Limited.

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Shutdown Maintenance Services Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

	31 December 2025	31 March 2025
	£	£
Net obligations under finance lease and hire purchase contracts	37,100	50,662
Bank loans and overdrafts	321,654	341,100

10. Obligations Under Finance Leases and Hire Purchase

	31 December 2025	31 March 2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	17,802	18,083
Later than one year and not later than five years	19,298	32,579

	37,100	50,662

	37,100	50,662

11. Deferred Taxation

A provision for deferred taxation has been considered, but as trading losses brought forward far exceed any gains on which deferred tax would be due it was concluded that deferred tax assets should only be recognised to the extent that it is probable they will be recovered. Therefore no deferred tax liability or asset has been included in the accounts.

12. Share Capital

	31 December 2025	31 March 2025
Allotted, called up and fully paid	£	£
225,000 Ordinary Shares of £ 1.000 each	225,000	225,000

13. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the company to the fund and amounted to £12,778 (2025 - £13,504). At the balance sheet date unpaid contributions of £538 (2025 - £6,695) were due to the fund. They are included in other creditors and accruals.

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Shutdown Maintenance Services Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

14. Reserves

	Revaluation reserve	Capital Redemption	Profit and Loss Account
	£	£	£
As at 1 April 2025	539,890	25,000	(34,307 )
Profit for period	-	-	332,200

Surplus on revaluation	3,044	-	-

Other comprehensive income for the period	3,044	-	-

Total comprehensive income for the period	3,044	-	332,200

As at 31 December 2025	542,934	25,000	297,893

Revaluation reserve

The revaluation reserve represents the increase in valution of the freehold land and buildings above depreciated cost.

Capital redemption reserve

The capital redemption reserve represents the nominal value of shares repurchased by the company.

Profit and loss account

The profit and loss account represents accumulated comprehensive income and losses for the year and prior periods less any dividends paid.

15. Related Party Transactions

During the period Shutdown Maintenance Services Limited was purchased by Carlisle Support Services Group Limited.

Key management personnel include those people who together have authority and responsibility for planning, directing and controlling the activities of the company. The total directors' remuneration paid to key management personnel for services provided to the company was £73,230 (YE 31/03/2025 - £90,951).

Deacon Street Partners Limited

The companies are under common control.

During the year the company purchased services from Deacon Street Partners Limited which amounted to £75,000 (2025 - £0). All transactions were on normal commercial terms. At the year end Shutdown Maintenance Services Limited owed Deacon Street Partners Limited £45,000 (YE 31/03/2025 - £0).

16. Controlling Party

The ultimate controlling party is Lord Ashcroft KCMG PG. The immediate parent undertaking is Carlisle Support Services Group Limited of 251 The Boulevard, Capability Green, Luton, LU1 3LU, a company registered in England and Wales. Carlisle Support Services Group Limited prepares consolidated financial statements which include the entity and are publicly available from the Registrar of Companies.

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Shutdown Maintenance Services Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

17. Audit Information

The auditor's report on the accounts of Shutdown Maintenance Services Limited for the period ended 31 December 2025 was unqualified.

The auditor's report was signed by Luke Hanratty (Senior Statutory Auditor) for and on behalf of Saffery LLP , Statutory Auditor.

Saffery LLP

St John's Court

Easton Street

High Wycombe

HP11 1JX

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		31 December 2025		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		959,737		954,270

			959,737		954,270
CURRENT ASSETS
Stocks	5	47,914		34,022
Debtors	6	635,079		366,610
Cash at bank and in hand		185,626		189,414

		868,619		590,046
Creditors: Amounts Falling Due Within One Year	7	(424,469 )		(439,518 )

NET CURRENT ASSETS (LIABILITIES)			444,150		150,528

TOTAL ASSETS LESS CURRENT LIABILITIES			1,403,887		1,104,798

Creditors: Amounts Falling Due After More Than One Year	8		(313,060 )		(349,215 )

NET ASSETS			1,090,827		755,583

CAPITAL AND RESERVES
Called up share capital	12		225,000		225,000
Revaluation reserve	14		542,934		539,890
Capital redemption reserve			25,000		25,000
Profit and Loss Account			297,893		(34,307 )

SHAREHOLDERS' FUNDS			1,090,827		755,583