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REGISTERED NUMBER: 00386193 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

D W FERGUSON LIMITED

D W FERGUSON LIMITED (REGISTERED NUMBER: 00386193)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D W FERGUSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: R D Rogers





SECRETARY: Mrs P Tester





REGISTERED OFFICE: Bere Farm House
Deal Road
Swingate
DOVER
Kent
CT15 5DW





REGISTERED NUMBER: 00386193 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

D W FERGUSON LIMITED (REGISTERED NUMBER: 00386193)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,478 6,478
Tangible assets 5 2,936,400 2,758,885
Investments 6 80 80
2,942,958 2,765,443

CURRENT ASSETS
Stocks 528,421 411,204
Debtors 7 58,610 30,976
Cash at bank and in hand 5,151,255 6,195,361
5,738,286 6,637,541
CREDITORS
Amounts falling due within one year 8 144,950 254,422
NET CURRENT ASSETS 5,593,336 6,383,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,536,294

9,148,562

PROVISIONS FOR LIABILITIES 53,531 14,291
NET ASSETS 8,482,763 9,134,271

CAPITAL AND RESERVES
Called up share capital 9 8,000 8,000
Retained earnings 8,474,763 9,126,271
SHAREHOLDERS' FUNDS 8,482,763 9,134,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

D W FERGUSON LIMITED (REGISTERED NUMBER: 00386193)

BALANCE SHEET - continued
31 MAY 2023


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

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

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





R D Rogers - Director


D W FERGUSON LIMITED (REGISTERED NUMBER: 00386193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

D W Ferguson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible fixed assets
Non SDA entitlements are included at cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

D W FERGUSON LIMITED (REGISTERED NUMBER: 00386193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised in the profit and loss account in the period to which they relate providing that conditions attached to the grant have been complied with and there is reasonable assurance the grant will be received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Non SDA
Entitlements
£   
COST
At 1 June 2022
and 31 May 2023 6,478
NET BOOK VALUE
At 31 May 2023 6,478
At 31 May 2022 6,478

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 2,785,442 5 1,393,297 19,618 4,198,362
Additions - - 376,265 - 376,265
Disposals - - (228,189 ) (19,618 ) (247,807 )
At 31 May 2023 2,785,442 5 1,541,373 - 4,326,820
DEPRECIATION
At 1 June 2022 588,469 - 831,390 19,618 1,439,477
Charge for year 29,010 - 120,215 - 149,225
Eliminated on disposal - - (178,664 ) (19,618 ) (198,282 )
At 31 May 2023 617,479 - 772,941 - 1,390,420
NET BOOK VALUE
At 31 May 2023 2,167,963 5 768,432 - 2,936,400
At 31 May 2022 2,196,973 5 561,907 - 2,758,885


D W FERGUSON LIMITED (REGISTERED NUMBER: 00386193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 80
NET BOOK VALUE
At 31 May 2023 80
At 31 May 2022 80

The company has 85 shares of £1 each in Agricultural Central Trading Limited which cost £80. The company is unlisted and supplies farming supplies at competitive rates.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,400 2,000
Other debtors 13,560 6,424
Tax 17,778 -
VAT 9,872 22,552
58,610 30,976

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,527 2,662
Tax - 141,147
Social security and other taxes 274 206
Other creditors 10,825 14,100
Director's current account 96,324 96,307
144,950 254,422

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8,000 Ordinary £1 8,000 8,000