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REGISTERED NUMBER: 07279093 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

FERGUSON WELLS LIMITED

FERGUSON WELLS LIMITED (REGISTERED NUMBER: 07279093)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FERGUSON WELLS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: S J Ferguson
Mrs E Ferguson





REGISTERED OFFICE: 2 West Llsley House
Main Street
West Llsley
RG20 7AA





REGISTERED NUMBER: 07279093 (England and Wales)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

FERGUSON WELLS LIMITED (REGISTERED NUMBER: 07279093)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,059 2,745

CURRENT ASSETS
Debtors 5 51,743 36,954
Cash at bank 14,024 47,864
65,767 84,818
CREDITORS
Amounts falling due within one year 6 59,739 74,445
NET CURRENT ASSETS 6,028 10,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,087

13,118

CREDITORS
Amounts falling due after more than one
year

7

(7,409

)

(12,594

)

PROVISIONS FOR LIABILITIES (391 ) (521 )
NET ASSETS 287 3

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 187 (97 )
SHAREHOLDERS' FUNDS 287 3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FERGUSON WELLS LIMITED (REGISTERED NUMBER: 07279093)

BALANCE SHEET - continued
30 September 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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





S J Ferguson - Director


FERGUSON WELLS LIMITED (REGISTERED NUMBER: 07279093)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Ferguson Wells 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.

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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the
Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher
degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the
financial statements, are disclosed below:

Estimation Uncertainty

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration Payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the
recoverability of these, provision is made against the recoverability of these debts.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company
recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

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.

FERGUSON WELLS LIMITED (REGISTERED NUMBER: 07279093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 3,316 898 4,214
DEPRECIATION
At 1 October 2022 1,202 267 1,469
Charge for year 529 157 686
At 30 September 2023 1,731 424 2,155
NET BOOK VALUE
At 30 September 2023 1,585 474 2,059
At 30 September 2022 2,114 631 2,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,275
Other debtors 51,743 31,679
51,743 36,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,185 5,005
Taxation and social security 52,154 67,205
Other creditors 2,400 2,235
59,739 74,445

FERGUSON WELLS LIMITED (REGISTERED NUMBER: 07279093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,409 12,594

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2022 (97 )
Profit for the year 89,084
Dividends (88,800 )
At 30 September 2023 187