Mackenzie Stuart Group Ltd

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

Report to the director on the preparation of the unaudited statutory accounts of Mackenzie Stuart Group Ltd for the year ended 31 January 2026

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

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

This report is made to the director of Mackenzie Stuart Group Ltd , 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 Mackenzie Stuart Group Ltd and state those matters that we have agreed to state to the director of Mackenzie Stuart Group Ltd , 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 Mackenzie Stuart Group Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Mackenzie Stuart Group Ltd 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 Mackenzie Stuart Group Ltd . You consider that Mackenzie Stuart Group Ltd 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 Mackenzie Stuart Group Ltd . 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.

28 October 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Mackenzie Stuart Group Ltd

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: SC552973

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		120,953		162,323

			120,953		162,323
CURRENT ASSETS
Stocks		201,935		221,842
Debtors	5	112,457		29,762
Cash at bank and in hand		162,214		183,591

		476,606		435,195
Creditors: Amounts Falling Due Within One Year	6	(134,110 )		(169,487 )

NET CURRENT ASSETS (LIABILITIES)			342,496		265,708

TOTAL ASSETS LESS CURRENT LIABILITIES			463,449		428,031

Creditors: Amounts Falling Due After More Than One Year	7		(77,875 )		(105,646 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,238 )		(40,581 )

NET ASSETS			355,336		281,804

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			355,236		281,704

SHAREHOLDERS' FUNDS			355,336		281,804

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Mackenzie Stuart Group Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 27 October 2026 and were signed on its behalf by:

Mr A Stuart

Director

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

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Mackenzie Stuart Group Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Mackenzie Stuart Group Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC552973 . The registered office is C/O Nuvo Scotland Limited, Bankhead Drive, City South Office Park, Portlethen, Aberdeenshire, AB12 4XX.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is 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.

2.3. Tangible Fixed Assets and Depreciation

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

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

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. 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.

2.5. 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.

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Mackenzie Stuart Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 9)

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Mackenzie Stuart Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	4,587	163,130	24,604	8,414	200,735
Additions	-	-	-	2,709	2,709
Disposals	(3,843 )	-	-	(3,741 )	(7,584 )

As at 31 January 2026	744	163,130	24,604	7,382	195,860

Depreciation
As at 1 February 2025	2,310	13,594	19,159	3,349	38,412
Provided during the period	569	37,384	1,362	1,792	41,107
Disposals	(2,449 )	-	-	(2,163 )	(4,612 )

As at 31 January 2026	430	50,978	20,521	2,978	74,907

Net Book Value
As at 31 January 2026	314	112,152	4,083	4,404	120,953

As at 1 February 2025	2,277	149,536	5,445	5,065	162,323

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

	2026	2025
	£	£
Motor Vehicles	112,152	149,536

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	27,967	25,375
Prepayments and accrued income	4,062	4,387
Other debtors	6,706	-
Other taxes and social security	1,928	-
Director's loan account	71,794	-

	112,457	29,762

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Mackenzie Stuart Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	26,984	22,885
Trade creditors	23,830	43,250
Bank loans and overdrafts	3,334	10,000
Corporation tax	56,990	35,294
Other taxes and social security	-	4,014
VAT	17,792	19,176
Other creditors	427	29,374
Accruals and deferred income	4,753	4,995
Director's loan account	-	499

	134,110	169,487

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	77,875	102,313
Bank loans	-	3,333

	77,875	105,646

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	26,984	22,885
Later than one year and not later than five years	77,875	102,313

	104,859	125,198

	104,859	125,198

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2025	40,581	40,581
Utilised	(10,343 )	(10,343)

Balance at 31 January 2026	30,238	30,238

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Mackenzie Stuart Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	40,000	40,000

	40,000	40,000

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Anthony Stuart	(499 )	133,783	(61,490 )	-	71,794

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

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