REGISTERED NUMBER: SC236863 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

St. Fergus Builders Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M A Chalmers

REGISTERED OFFICE:

39 Kirktown

St Fergus

Peterhead

Aberdeenshire

AB42 3DB

REGISTERED NUMBER:

SC236863 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

68,866

25,248

CURRENT ASSETS

Stocks

600

600

Debtors

5

8,162

2,913

Cash at bank

54,166

49,984

62,928

53,497

CREDITORS

Amounts falling due within one year

6

12,025

11,917

NET CURRENT ASSETS

50,903

41,580

TOTAL ASSETS LESS CURRENT LIABILITIES

119,769

66,828

CREDITORS

Amounts falling due after more than one year

7

(18,229

)

-

PROVISIONS FOR LIABILITIES

(10,912

)

(4,797

)

NET ASSETS

90,628

62,031

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

90,626

62,029

SHAREHOLDERS' FUNDS

90,628

62,031

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2025 and were signed by:

Mr M A Chalmers - Director

1.	STATUTORY INFORMATION

St. Fergus Builders Ltd. 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.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

68,355

460

54,506

689

124,010

Additions

1,625

-

46,350

-

47,975

Disposals

-

-

(11,300

)

-

(11,300

)

At 31 March 2025

69,980

460

89,556

689

160,685

DEPRECIATION

At 1 April 2024

44,570

316

53,187

689

98,762

Charge for year

3,812

29

468

-

4,309

Eliminated on disposal

-

-

(11,252

)

-

(11,252

)

At 31 March 2025

48,382

345

42,403

689

91,819

NET BOOK VALUE

At 31 March 2025

21,598

115

47,153

-

68,866

At 31 March 2024

23,785

144

1,319

-

25,248

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

Motor

vehicles

£

COST

Additions

46,350

At 31 March 2025

46,350

NET BOOK VALUE

At 31 March 2025

46,350

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts recoverable on contract

2,140

2,000

Other debtors

6,022

913

8,162

2,913

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

6,250

-

Trade creditors

2,380

1,082

Taxation and social security

293

7,045

Other creditors

3,102

3,790

12,025

11,917

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

18,229

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M A Chalmers.