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Unaudited Financial Statements for the Year Ended 31 October 2024

for

K D Ferguson Ltd

K D Ferguson Ltd (Registered number: SC746145)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K D Ferguson Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: K D Ferguson
Mrs L N R Ferguson





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC746145 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

K D Ferguson Ltd (Registered number: SC746145)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 553,576 547,158

CURRENT ASSETS
Debtors 5 69,868 73,208
Cash at bank and in hand 13,938 35,131
83,806 108,339
CREDITORS
Amounts falling due within one year 6 104,425 110,501
NET CURRENT LIABILITIES (20,619 ) (2,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,957

544,996

CREDITORS
Amounts falling due after more than one year 7 366,196 403,903
NET ASSETS 166,761 141,093

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 166,661 140,993
SHAREHOLDERS' FUNDS 166,761 141,093

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.

K D Ferguson Ltd (Registered number: SC746145)

Balance Sheet - continued
31 October 2024


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 21 January 2025 and were signed on its behalf by:





K D Ferguson - Director


K D Ferguson Ltd (Registered number: SC746145)

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

1. STATUTORY INFORMATION

K D Ferguson Ltd is a private company, limited by shares , registered in Scotland. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

K D Ferguson Ltd (Registered number: SC746145)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 650,995
Additions 105,500
At 31 October 2024 756,495
DEPRECIATION
At 1 November 2023 103,837
Charge for year 99,082
At 31 October 2024 202,919
NET BOOK VALUE
At 31 October 2024 553,576
At 31 October 2023 547,158

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 650,995
Additions 85,000
At 31 October 2024 735,995
DEPRECIATION
At 1 November 2023 103,837
Charge for year 96,007
At 31 October 2024 199,844
NET BOOK VALUE
At 31 October 2024 536,151
At 31 October 2023 547,158

K D Ferguson Ltd (Registered number: SC746145)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 8,216 63,883
Other debtors 61,652 9,325
69,868 73,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 102,707 86,457
Taxation and social security 25 22,323
Other creditors 1,693 1,721
104,425 110,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 366,196 403,903

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
80 "A" ordinary £1 80 80
20 "B" ordinary £1 20 20
100 100