| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| FOR |
| FERGUSON ENGINEERING (NORTHERN) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| FOR |
| FERGUSON ENGINEERING (NORTHERN) LIMITED |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FERGUSON ENGINEERING (NORTHERN) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Charter House |
| Stansfield Street |
| Nelson |
| Lancashire |
| BB9 9XY |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| BALANCE SHEET |
| 30TH SEPTEMBER 2025 |
| 30.9.25 | 30.9.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| BALANCE SHEET - continued |
| 30TH SEPTEMBER 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| 1. | STATUTORY INFORMATION |
| Ferguson Engineering (Northern) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| The preparation of the financial statements requires management to make judgements, estimations and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. |
| Contract stage of completion |
| Management make judgements at regular intervals as to whether revenue should be taken to the income statement for contract work. When such revenues are recognised, costs are also transferred to the income statement at the expected contract margin. |
| The following are the company's key sources of estimation uncertainty: |
| Expected contract margin |
| In order to determine the profit on its contracts in a particular period, management has to estimate costs to complete on such contracts. In making these assessments there is a degree of inherent uncertainty. Management have developed internal controls to assess and review carrying values and the appropriateness of the estimates made. |
| If estimated future costs to complete are anticipated to exceed the contract invoice price, then a full provision is made in the period in which such a loss is first foreseen. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| The company has two types of turnover, that of the manufacture and installation of industrial bakery equipment and the servicing of equipment. Turnover will only be recognised when significant risks and rewards have passed to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect to the transaction can be measured reliably. |
| Turnover from manufacture and installation of bakery equipment is usually recognised on commissioning of the plant. Turnover from contracts in progress at the reporting period end will be by reference to the stage of completion. Stage of completion is measured by reference to the labour hours incurred to date as a percentage of total estimated labour hours for each contract. |
| Turnover from servicing of bakery equipment is recognised when the service has been provided. |
| Management charge income, is the recharge of shared factory overheads to other tenants of the factory. Turnover is recognised on an accruals basis. |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks and work in progress |
| 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 of stocks is calculated using the average cost method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Contract work-in-progress is stated at cost plus attributable overheads, less provision for any known or anticipated losses and progress payments receivable on account. |
| Progress payments are included under trade creditors to the extent that they exceed the related work-in-progress. |
| Financial instruments |
| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| The following assets and liabilities are classified as financial instruments: |
| Investments in subsidiaries, trade debtors, trade creditors, hire purchase contracts, bank loans, directors' loans and inter group balances. |
| Trade debtors, trade creditors, and directors' loans and inter group balances (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received. |
| Hire purchase contracts and bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method. |
| Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in profit and loss. |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| 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. |
| Employee benefit trusts |
| The company has established trusts for the benefit of employees and certain of their dependents. Monies held in these trusts are held by independent trustees and managed at their discretion. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st October 2024 |
| Additions |
| At 30th September 2025 |
| DEPRECIATION |
| At 1st October 2024 |
| Charge for year |
| At 30th September 2025 |
| NET BOOK VALUE |
| At 30th September 2025 |
| At 30th September 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CONTINGENT LIABILITIES |
| The Company has guaranteed to the bank the bank borrowings of connected companies. The aggregate amount of those bank borrowings outstanding at 30th September 2025 was £Nil (2024: £Nil). |
| FERGUSON ENGINEERING (NORTHERN) LIMITED (REGISTERED NUMBER: 02161479) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30th September 2025 and 30th September 2024: |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Directors loans are unsecured, interest free and are repayable on demand. |