The Ferguson Corporation Ltd

Registered number

SC684483

Filleted Accounts

31 December 2024

The Ferguson Corporation Ltd
Registered number:		SC684483
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		193,444			-
Investments	4		50,250			50,250
			243,694			50,250

Current assets
Debtors	5	57,153			51,046
Cash at bank and in hand		2,350			160,901
		59,503			211,947

Creditors: amounts falling due within one year	6	(864)			(4,757)

Net current assets			58,639			207,190

Net assets			302,333			257,440

Capital and reserves
Called up share capital			200			200
Share premium			49,900			49,900
Profit and loss account			252,233			207,340

Shareholders' funds			302,333			257,440

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.




Clare Ferguson
Director
Approved by the board on 25 September 2025

The Ferguson Corporation Ltd
Notes to the Accounts
for the year ended 31 December 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 (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	2		2


3	Tangible fixed assets
				Land and buildings
£
	Cost
	Additions			193,444
	At 31 December 2024			193,444

	Depreciation
	At 31 December 2024			-

	Net book value
	At 31 December 2024			193,444


	Freehold land and buildings:	2024		2023
£			£
	Historical cost	50,250		50,250
	Cumulative depreciation based on historical cost	-		-
		50,250		50,250


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024			50,250

	At 31 December 2024			50,250


5	Debtors	2024		2023
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	47,706		51,046
	Other debtors	9,447		-
		57,153		51,046


6	Creditors: amounts falling due within one year	2024		2023
£			£

	Other creditors	864		4,757


7	Controlling party

	The directors are of the opinion that there is no controlling party.


8	Other information

	The Ferguson Corporation Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	4 Valentine Court
	Dundee Business Park
	Dundee
	DD2 3QB