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REGISTERED NUMBER: 12258464 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Ferguson Procurement & Sales Consulting
Services Ltd

Ferguson Procurement & Sales Consulting
Services Ltd (Registered number: 12258464)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ferguson Procurement & Sales Consulting
Services Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: R G Ferguson
Mrs A Ferguson





REGISTERED OFFICE: Lily House
4 Waverley Drive
Camberley
Surrey
GU15 2DL





REGISTERED NUMBER: 12258464 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Ferguson Procurement & Sales Consulting
Services Ltd (Registered number: 12258464)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 77,221 153,445
Cash at bank 5,822 445
83,043 153,890
CREDITORS
Amounts falling due within one year 5 (26,004 ) (51,085 )
NET CURRENT ASSETS 57,039 102,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,039

102,805

CREDITORS
Amounts falling due after more than one
year

6

(20,108

)

(24,215

)
NET ASSETS 36,931 78,590

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,831 78,490
36,931 78,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

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 17 January 2025 and were signed on its behalf by:





R G Ferguson - Director


Ferguson Procurement & Sales Consulting
Services Ltd (Registered number: 12258464)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Ferguson Procurement & Sales Consulting Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

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 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 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 35,408 35,408
Directors' current accounts 41,813 118,037
77,221 153,445

Ferguson Procurement & Sales Consulting
Services Ltd (Registered number: 12258464)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 4,107 4,006
Tax 18,563 43,865
VAT 1,467 1,180
Accrued expenses 1,867 2,034
26,004 51,085

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,211 4,107
Bank loans - 2-5 years 13,284 12,956
Bank loans more than 5 years 2,613 7,152
20,108 24,215

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 2,613 7,152

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
R G Ferguson and Mrs A Ferguson
Balance outstanding at start of year 118,037 107,558
Amounts advanced 49,886 93,412
Amounts repaid (126,110 ) (82,933 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,813 118,037

The above loan is unsecured and repayable on demand. Interest is charged at the official HMRC rate.