Kenneth Ferguson Elec. Contractor Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC393727 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KENNETH FERGUSON ELECTRICAL CONTRACTOR

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Ferguson

Mrs F M Ferguson

REGISTERED OFFICE:

Broombank

North Connel

Oban

Argyll

PA37 1RD

REGISTERED NUMBER:

SC393727 (Scotland)

ACCOUNTANTS:

Andy Newiss & Co Ltd

Broombank

North Connel

Oban

Argyll

PA37 1RD

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

146,918

151,251

146,918

151,251

CURRENT ASSETS

Stocks

81,558

186,927

Debtors

6

125,479

166,515

Cash at bank and in hand

4,359

64

211,396

353,506

CREDITORS

Amounts falling due within one year

7

289,381

330,005

NET CURRENT (LIABILITIES)/ASSETS

(77,985

)

23,501

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,933

174,752

CREDITORS

Amounts falling due after more than one
year

8

(46,849

)

(71,774

)

PROVISIONS FOR LIABILITIES

(15,286

)

(22,708

)

NET ASSETS

6,798

80,270

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

6,698

80,170

SHAREHOLDERS' FUNDS

6,798

80,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 23 October 2025 and were signed on its behalf by:

K Ferguson - Director

1.	STATUTORY INFORMATION

Kenneth Ferguson Electrical Contractor Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

8,000

AMORTISATION

At 1 April 2024

and 31 March 2025

8,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

61,651

13,266

1,500

Additions

-

5,017

129

Disposals

-

At 31 March 2025

61,651

18,283

1,629

DEPRECIATION

At 1 April 2024

1,233

8,771

934

Charge for year

1,233

2,378

104

Eliminated on disposal

-

At 31 March 2025

2,466

11,149

1,038

NET BOOK VALUE

At 31 March 2025

59,185

7,134

591

At 31 March 2024

60,418

4,495

566

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

177,212

6,753

260,382

Additions

21,770

1,473

28,389

Disposals

(9,845

)

-

(9,845

)

At 31 March 2025

189,137

8,226

278,926

DEPRECIATION

At 1 April 2024

94,357

3,836

109,131

Charge for year

25,572

1,098

30,385

Eliminated on disposal

(7,508

)

-

(7,508

)

At 31 March 2025

112,421

4,934

132,008

NET BOOK VALUE

At 31 March 2025

76,716

3,292

146,918

At 31 March 2024

82,855

2,917

151,251

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

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 April 2024

-

151,141

Additions

-

21,770

Disposals

-

(9,845

)

(9,845

)

At 31 March 2025

-

163,066

DEPRECIATION

At 1 April 2024

-

69,915

Charge for year

104

25,165

25,269

Eliminated on disposal

-

(7,508

)

(7,508

)

At 31 March 2025

104

87,572

87,676

NET BOOK VALUE

At 31 March 2025

(104

)

75,494

75,390

At 31 March 2024

-

81,226

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

124,686

140,973

Other debtors

793

25,542

125,479

166,515

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,462

29,301

Hire purchase contracts

33,369

28,014

Trade creditors

65,452

78,355

Taxation and social security

18,586

30,528

Other creditors

161,512

163,807

289,381

330,005

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

1,769

12,231

Hire purchase contracts

45,080

59,543

46,849

71,774