Registered number
07276320
Ferguson Brown Sustainable Engineering Ltd
Accounts
For the Year Ended
30 June 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Ferguson Brown Sustainable Engineering Ltd
Registered number: 07276320
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,647 31,546
Current assets
Debtors 4 263,142 329,821
Cash at bank and in hand 8,311 1,387
271,453 331,208
Creditors: amounts falling due within one year 5 (177,668) (206,875)
Net current assets 93,785 124,333
Total assets less current liabilities 117,432 155,879
Creditors: amounts falling due after more than one year 6 (42,992) (75,921)
Net assets 74,440 79,958
Capital and reserves
Called up share capital 839 839
Profit and loss account 73,601 79,119
Shareholders' funds 74,440 79,958
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H L Crawford
Director
Approved by the board on 27 March 2025
Ferguson Brown Sustainable Engineering Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the sale has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 10
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 July 2023 37,174 31,115 68,289
Additions 2,115 - 2,115
At 30 June 2024 39,289 31,115 70,404
Depreciation
At 1 July 2023 32,854 3,889 36,743
Charge for the year 2,235 7,779 10,014
At 30 June 2024 35,089 11,668 46,757
Net book value
At 30 June 2024 4,200 19,447 23,647
At 30 June 2023 4,320 27,226 31,546
4 Debtors 2024 2023
£ £
Trade debtors 138,038 177,405
Other debtors 125,104 152,416
263,142 329,821
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 26,400 44,832
Obligations under finance lease and hire purchase contracts 6,529 6,529
Trade creditors 10,081 46,203
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,371 -
Taxes and social security costs 116,425 90,498
Other creditors 2,862 18,813
177,668 206,875
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,200 59,600
Obligations under finance lease and hire purchase contracts 9,792 16,321
42,992 75,921
7 Other information
Ferguson Brown Sustainable Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Oaklands
Pudding Pie Lane
Langford
Bristol
BS40 5EL
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