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REGISTERED NUMBER: NI653830 (Northern Ireland)















FERGUSONS SOLICITORS LIMITED

Unaudited Financial Statements

for the Period 1 July 2022 to 29 June 2023






FERGUSONS SOLICITORS LIMITED (REGISTERED NUMBER: NI653830)






Contents of the Financial Statements
FOR THE PERIOD 1 JULY 2022 TO 29 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FERGUSONS SOLICITORS LIMITED

Company Information
FOR THE PERIOD 1 JULY 2022 TO 29 JUNE 2023







DIRECTOR: Reginald W Ferguson





REGISTERED OFFICE: 18-20 Belmore Street
Eniskillen
Co.Fermanagh
BT74 6AA





REGISTERED NUMBER: NI653830 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

FERGUSONS SOLICITORS LIMITED (REGISTERED NUMBER: NI653830)

Statement of Financial Position
29 JUNE 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 50,000 -
Tangible assets 6 6,391 -
56,391 -

CURRENT ASSETS
Stocks 27,900 -
Receivables: amounts falling due within
one year

7

21,926

-
Cash at bank and in hand 842,836 100
892,662 100
PAYABLES
Amounts falling due within one year 8 (907,720 ) -
NET CURRENT (LIABILITIES)/ASSETS (15,058 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,333

100

PROVISIONS FOR LIABILITIES 9 (1,214 ) -
NET ASSETS 40,119 100

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 6,390 -
Retained earnings 33,629 -
40,119 100

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2023.

The members have not required the Company to obtain an audit of its financial statements for the period ended 29 June 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.

FERGUSONS SOLICITORS LIMITED (REGISTERED NUMBER: NI653830)

Statement of Financial Position - continued
29 JUNE 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 14 June 2024 and were signed by:





Reginald W Ferguson - Director


FERGUSONS SOLICITORS LIMITED (REGISTERED NUMBER: NI653830)

Notes to the Financial Statements
FOR THE PERIOD 1 JULY 2022 TO 29 JUNE 2023

1. STATUTORY INFORMATION

Fergusons Solicitors Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is the amount paid in connection with the acquisition of a business. No amortisatioin is charged in respect of same.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment less their estimated residual value, over their expected useful lives as follows:

Fixtures and fittings - 10% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Taxation for the period 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


FERGUSONS SOLICITORS LIMITED (REGISTERED NUMBER: NI653830)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JULY 2022 TO 29 JUNE 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2022 - NIL ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
Additions 50,000
At 29 June 2023 50,000
NET BOOK VALUE
At 29 June 2023 50,000

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£
COST OR VALUATION
Additions 1
Revaluations 6,971
At 29 June 2023 6,972
DEPRECIATION
Charge for period 581
At 29 June 2023 581
NET BOOK VALUE
At 29 June 2023 6,391

Cost or valuation at 29 June 2023 is represented by:

Fixtures
and
fittings
£
Valuation in 2023 6,972

FERGUSONS SOLICITORS LIMITED (REGISTERED NUMBER: NI653830)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JULY 2022 TO 29 JUNE 2023

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 13,290 -
Other debtors 8,636 -
21,926 -

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 125 -
Trade payables 842,588 -
Taxation and social security 17,252 -
Other payables 47,755 -
907,720 -

9. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 1,214 -

Deferred tax
£
Provided during period 1,214
Balance at 29 June 2023 1,214

10. RESERVES
Revaluation
reserve
£
Revaluation of assets 6,971
Transfer between reserves (581 )

At 29 June 2023 6,390