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Company Registration No. 11615715 (England and Wales)
Fergusons Maintenance Ltd Unaudited accounts for the year ended 31 October 2024
Fergusons Maintenance Ltd Unaudited accounts Contents
Page
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Fergusons Maintenance Ltd Company Information for the year ended 31 October 2024
Director
Ben Ferguson
Company Number
11615715 (England and Wales)
Registered Office
C/O BATESONS 2 STATHAM COURT STATHAM STREET MACCLESFIELD CHESHIRE SK11 6XN ENGLAND
Accountants
Batesons Management Services Ltd 2 Statham Court Statham Street Macclesfield Cheshire SK11 6XN
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Fergusons Maintenance Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,427 
24,159 
Current assets
Inventories
10,539 
5,592 
Debtors
19,360 
21,872 
Cash at bank and in hand
22,649 
4,283 
52,548 
31,747 
Creditors: amounts falling due within one year
(46,361)
(25,301)
Net current assets
6,187 
6,446 
Total assets less current liabilities
25,614 
30,605 
Creditors: amounts falling due after more than one year
(15,921)
(24,702)
Provisions for liabilities
Deferred tax
(3,691)
(4,582)
Net assets
6,002 
1,321 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,902 
1,221 
Shareholders' funds
6,002 
1,321 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2024 and were signed on its behalf by
Ben Ferguson Director Company Registration No. 11615715
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Fergusons Maintenance Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Fergusons Maintenance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11615715. The registered office is C/O BATESONS 2 STATHAM COURT, STATHAM STREET, MACCLESFIELD, CHESHIRE, SK11 6XN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance Basis 15%
Motor vehicles
Reducing Balance Basis 25%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Fergusons Maintenance Ltd Notes to the Accounts for the year ended 31 October 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
4,327 
25,828 
30,155 
Additions
1,107 
- 
1,107 
At 31 October 2024
5,434 
25,828 
31,262 
Depreciation
At 1 November 2023
1,246 
4,750 
5,996 
Charge for the year
570 
5,269 
5,839 
At 31 October 2024
1,816 
10,019 
11,835 
Net book value
At 31 October 2024
3,618 
15,809 
19,427 
At 31 October 2023
3,081 
21,078 
24,159 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
12,715 
16,954 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
10,539 
5,592 
10,539 
5,592 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,423 
20,727 
Accrued income and prepayments
937 
1,145 
19,360 
21,872 
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Fergusons Maintenance Ltd Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,081 
4,955 
VAT
7,891 
6,309 
Obligations under finance leases and hire purchase contracts
3,700 
3,700 
Trade creditors
2,451 
162 
Taxes and social security
5,403 
773 
Other creditors
194 
197 
Loans from directors
14,020 
127 
Accruals
7,621 
9,078 
46,361 
25,301 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,977 
12,058 
Obligations under finance leases and hire purchase contracts
8,944 
12,644 
15,921 
24,702 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
3,691 
4,582 
2024 
2023 
£ 
£ 
Provision at start of year
4,582 
1,386 
(Credited)/charged to the profit and loss account
(891)
3,196 
Provision at end of year
3,691 
4,582 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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