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Ferguson Engineering Ltd

Registered Number
SC614136
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

Ferguson Engineering Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Ferguson, Mark

Registered Address

19 Strathallan Avenue Hairmyres
East Kilbride
Glasgow
G75 8GX

Registered Number

SC614136 (Scotland)
Ferguson Engineering Ltd
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets342,19055,641
42,19055,641
Current assets
Debtors5,5053,877
Cash at bank and on hand22,99320,107
28,49823,984
Creditors amounts falling due within one year4(32,263)(23,304)
Net current assets (liabilities)(3,765)680
Total assets less current liabilities38,42556,321
Creditors amounts falling due after one year5(38,248)(43,685)
Net assets17712,636
Capital and reserves
Called up share capital1010
Profit and loss account16712,626
Shareholders' funds17712,636
The financial statements were approved and authorised for issue by the Director on 29 April 2024, and are signed on its behalf by:
Ferguson, Mark
Director
Registered Company No. SC614136
Ferguson Engineering Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

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.
Basis of preparation
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.
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
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:

Straight line (years)
Vehicles5
Office Equipment3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 April 2358,1905,44063,630
At 31 March 2458,1905,44063,630
Depreciation and impairment
At 01 April 237,7592307,989
Charge for year11,6381,81313,451
At 31 March 2419,3972,04321,440
Net book value
At 31 March 2438,7933,39742,190
At 31 March 2350,4315,21055,641
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables12270
Taxation and social security26,81511,027
Finance lease and HP contracts5,4365,437
Other creditors-6,570
Total32,26323,304
5.Creditors: amounts due after one year

2024

2023

££
Other creditors38,24843,685
Total38,24843,685
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts38,24843,685