PM Slickline Services Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—7

Report to the director on the preparation of the unaudited statutory accounts of PM Slickline Services Limited for the year ended 30 June 2026

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PM Slickline Services Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

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

This report is made to the director of PM Slickline Services Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of PM Slickline Services Limited and state those matters that we have agreed to state to the director of PM Slickline Services Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PM Slickline Services Limited and its director as a body for our work or for this report.

It is your duty to ensure that PM Slickline Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of PM Slickline Services Limited . You consider that PM Slickline Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of PM Slickline Services Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

28 October 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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PM Slickline Services Limited

Balance Sheet

As At 30 June 2026

Balance Sheet

Registered number: SC700910

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,663		6,412

			4,663		6,412
CURRENT ASSETS
Debtors	5	12,900		-
Cash at bank and in hand		157,792		131,390

		170,692		131,390
Creditors: Amounts Falling Due Within One Year	6	(162,983 )		(130,742 )

NET CURRENT ASSETS (LIABILITIES)			7,709		648

TOTAL ASSETS LESS CURRENT LIABILITIES			12,372		7,060

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,166 )		(1,603 )

NET ASSETS			11,206		5,457

CAPITAL AND RESERVES
Called up share capital			10		10
Profit and Loss Account			11,196		5,447

SHAREHOLDERS' FUNDS			11,206		5,457

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PM Slickline Services Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 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 P Mitchell

Director

The notes on pages 5 to 7 form part of these financial statements.

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PM Slickline Services Limited

Statement of Changes in Equity

For The Year Ended 30 June 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 July 2024	10	3,102	3,112
Profit for the year and total comprehensive income	-	42,345	42,345

Dividends paid	-	(40,000)	(40,000)

As at 30 June 2025 and 1 July 2025	10	5,447	5,457


Profit for the year and total comprehensive income	-	56,019	56,019

Dividends paid	-	(50,270)	(50,270)

As at 30 June 2026	10	11,196	11,206

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PM Slickline Services Limited

Notes to the Financial Statements

For The Year Ended 30 June 2026

Notes to the Financial Statements

1. General Information

PM Slickline Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC700910 . The registered office is 17 Castlefield Gardens, Kintore, AB51 0SJ.

The presentation currency of the financial statement is 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. Significant judgements and estimations

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.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

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

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

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% on cost

2.5. 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.

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PM Slickline Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 July 2025	6,995

As at 30 June 2026	6,995

Depreciation
As at 1 July 2025	583
Provided during the period	1,749

As at 30 June 2026	2,332

Net Book Value
As at 30 June 2026	4,663

As at 1 July 2025	6,412

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	12,900	-

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PM Slickline Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	15,569	8,805
Other taxes and social security	4	-
Other creditors	86,775	74,776
Accruals and deferred income	2,240	1,856
Director's loan account	58,395	45,305

	162,983	130,742

7. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2025	1,603	1,603
Deferred taxation	(437 )	(437 )

Balance at 30 June 2026	1,166	1,166

8. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 July 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2026
	£	£	£	£	£
Mr Phil Mitchell	(45,305 )	41,802	(54,892 )	-	(58,395 )

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

9. Related Party Transactions

As at 30 June 2026, there is a balance contained within other creditors of £86,776 (2025: £74,776) due to an individual who has participating interest in the company. This loan is interest free and has no fixed repayment terms.

10. Ultimate Controlling Party

The ultimate controlling party is Mr P Mitchell.

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