2023-01-012023-12-312023-12-31falseSC650344FERGHAUS 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FERGHAUS LTD

Registered Number
SC650344
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2023

FERGHAUS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

POTTINGER, Fergus Donald

Registered Address

93 93 Strathearn Way
Evergreen Manor
Kilmaurs
KA3 2BG

Registered Number

SC650344 (Scotland)
FERGHAUS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35,2813,042
5,2813,042
Current assets
Debtors-5,152
Cash at bank and on hand1,659791
1,6595,943
Creditors amounts falling due within one year5(1,085)(2,170)
Net current assets (liabilities)5743,773
Total assets less current liabilities5,8556,815
Creditors amounts falling due after one year6-(1,085)
Accruals and deferred income(81)(81)
Net assets5,7745,649
Capital and reserves
Called up share capital11
Profit and loss account5,7735,648
Shareholders' funds5,7745,649
The financial statements were approved and authorised for issue by the Director on 7 March 2024, and are signed on its behalf by:
POTTINGER, Fergus Donald
Director
Registered Company No. SC650344
FERGHAUS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 235,219
Additions3,183
At 31 December 238,402
Depreciation and impairment
At 01 January 232,177
Charge for year944
At 31 December 233,121
Net book value
At 31 December 235,281
At 31 December 223,042
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-5,136
Other debtors-16
Total-5,152
5.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts1,0852,170
Total1,0852,170
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts-1,085
Total-1,085