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REGISTERED NUMBER: 00935443 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FERGAL CONTRACTING CO. LTD

FERGAL CONTRACTING CO. LTD (REGISTERED NUMBER: 00935443)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FERGAL CONTRACTING CO. LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr D Sullivan
Mr P A Sparrowhawk





REGISTERED OFFICE: The Downs Road
Standlake
Witney
Oxfordshire
OX29 7YP





REGISTERED NUMBER: 00935443 (England and Wales)





AUDITORS: Bronsens
Chartered Certified Accountants
Statutory Auditors
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

FERGAL CONTRACTING CO. LTD (REGISTERED NUMBER: 00935443)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 113,664 158,655
Investments 5 1,429 1,210
115,093 159,865

CURRENT ASSETS
Debtors 6 973,828 378,287
Cash at bank and in hand 105,693 74,493
1,079,521 452,780
CREDITORS
Amounts falling due within one year 7 874,254 217,073
NET CURRENT ASSETS 205,267 235,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,360

395,572

CREDITORS
Amounts falling due after more than one
year

8

-

(3,417

)

PROVISIONS FOR LIABILITIES 11 (27,302 ) (12,449 )
NET ASSETS 293,058 379,706

CAPITAL AND RESERVES
Called up share capital 12 2,813 2,813
Capital redemption reserve 7,814 7,814
Retained earnings 282,431 369,079
SHAREHOLDERS' FUNDS 293,058 379,706

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 6 August 2025 and were signed on its behalf by:




Mr D Sullivan - Director



Mr P A Sparrowhawk - Director


FERGAL CONTRACTING CO. LTD (REGISTERED NUMBER: 00935443)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Fergal Contracting Co. 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 principal activity of the Company throughout the period was that of Civil Engineering Contractors. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

In the case of long term contracts, turnover reflects the contract activity during the year and represents the proportion of total contract value which costs incurred to date bear to total expected contract costs.

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 - 3-5 years
Motor vehicles - 4 years

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 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.

FERGAL CONTRACTING CO. LTD (REGISTERED NUMBER: 00935443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Other investments are measured at fair value.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 451,994 85,405 537,399
Additions 3,495 - 3,495
Disposals - (37,975 ) (37,975 )
At 31 December 2024 455,489 47,430 502,919
DEPRECIATION
At 1 January 2024 296,677 82,067 378,744
Charge for year 46,653 1,833 48,486
Eliminated on disposal - (37,975 ) (37,975 )
At 31 December 2024 343,330 45,925 389,255
NET BOOK VALUE
At 31 December 2024 112,159 1,505 113,664
At 31 December 2023 155,317 3,338 158,655

FERGAL CONTRACTING CO. LTD (REGISTERED NUMBER: 00935443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 62,250
DEPRECIATION
At 1 January 2024 18,269
Charge for year 12,450
At 31 December 2024 30,719
NET BOOK VALUE
At 31 December 2024 31,531
At 31 December 2023 43,981

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 1,210
Revaluations 219
At 31 December 2024 1,429
NET BOOK VALUE
At 31 December 2024 1,429
At 31 December 2023 1,210

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2015 1,155
Valuation in 2016 (235 )
Valuation in 2017 92
Valuation in 2018 (372 )
Valuation in 2019 280
Valuation in 2020 (685 )
Valuation in 2021 276
Valuation in 2022 (78 )
Valuation in 2023 55
Valuation in 2024 219
Cost 722
1,429

FERGAL CONTRACTING CO. LTD (REGISTERED NUMBER: 00935443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 834,343 162,734
Amounts recoverable on contracts 73,516 121,703
Amounts owed by group undertakings - 20,039
Other debtors - 709
Prepayments 65,969 73,102
973,828 378,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 3,417 13,667
Trade creditors 389,725 53,444
Amounts owed to group undertakings 31,738 -
Tax 18,134 -
Social security and other taxes 64,568 29,090
VAT 98,616 44,485
Accrued expenses 268,056 76,387
874,254 217,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) - 3,417

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 3,417 13,667
Between one and five years - 3,417
3,417 17,084

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 71,917 154,038
Between one and five years 94,202 73,149
166,119 227,187

FERGAL CONTRACTING CO. LTD (REGISTERED NUMBER: 00935443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. SECURED DEBTS

Lloyds Bank plc have an unlimited debenture dated 23 January 2015 incorporating a fixed and floating charge. The charge was satisfied on 22 August 2024.

11. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 27,302 30,144
Tax losses carried forward - (17,695 )
27,302 12,449

Deferred
tax
£   
Balance at 1 January 2024 12,449
Charge to Income Statement during year 14,853
Balance at 31 December 2024 27,302

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2,500 Ordinary A £1 2,500 2,500
313 Ordinary C £1 313 313
2,813 2,813

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Mark Nicholas Winks FCCA (Senior Statutory Auditor)
for and on behalf of Bronsens

14. PENSION COMMITMENTS

The company operates a defined contribution scheme for its employees and directors, during the year contributions of £23,162 (2023 - £23,861) were made to the scheme.

At 31 December 2024 the sum of £nil (2023 - £nil) is included in other creditors in respect of these transactions.

15. RELATED PARTY DISCLOSURES

Details of remuneration to key management personnel are detailed in note 3 of the accounts.

16. ULTIMATE CONTROLLING PARTY

The shareholders of Fergal Holdings Limited are the company's controlling party by virtue of their shareholding in the parent company.