REGISTERED NUMBER: 06767391 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

FERGUSON LASER ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Ferguson

A Coulson

REGISTERED OFFICE:

2 Coulton Road

Lomeshaye Industrial Estate

Nelson

Lancashire

BB9 5ST

REGISTERED NUMBER:

06767391 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

4

1,270,538

926,511

CURRENT ASSETS

Stocks

36,512

48,480

Debtors

5

1,833,724

1,853,085

Cash at bank

4,171

32,235

1,874,407

1,933,800

CREDITORS

Amounts falling due within one year

6

517,709

692,605

NET CURRENT ASSETS

1,356,698

1,241,195

TOTAL ASSETS LESS CURRENT LIABILITIES

2,627,236

2,167,706

CREDITORS

Amounts falling due after more than one year

7

(327,825

)

-

PROVISIONS FOR LIABILITIES

(310,958

)

(226,732

)

NET ASSETS

1,988,453

1,940,974

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,988,452

1,940,973

SHAREHOLDERS' FUNDS

1,988,453

1,940,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 10th December 2025 and were signed on its behalf by:

R Ferguson - Director

A Coulson - Director

1.	STATUTORY INFORMATION

Ferguson Laser Engineering Limited 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.

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.

Turnover from sale of goods and services is recognised when significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, 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 of the transaction can be measured reliably.

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

-

20% on cost and 10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

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 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.

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.

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.

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 27 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st October 2024

2,029,104

60,855

104,961

15,745

2,210,665

Additions

476,500

-

-

5,980

482,480

Disposals

(142,173

)

-

-

-

(142,173

)

At 30th September 2025

2,363,431

60,855

104,961

21,725

2,550,972

DEPRECIATION

At 1st October 2024

1,197,777

28,237

44,728

13,412

1,284,154

Charge for year

116,582

5,306

15,058

1,507

138,453

Eliminated on disposal

(142,173

)

-

-

-

(142,173

)

At 30th September 2025

1,172,186

33,543

59,786

14,919

1,280,434

NET BOOK VALUE

At 30th September 2025

1,191,245

27,312

45,175

6,806

1,270,538

At 30th September 2024

831,327

32,618

60,233

2,333

926,511

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

Plant and

machinery

£

COST

At 1st October 2024

735,000

Additions

465,000

Transfer to ownership

(735,000

)

At 30th September 2025

465,000

DEPRECIATION

At 1st October 2024

286,418

Charge for year

28,128

Transfer to ownership

(310,671

)

At 30th September 2025

3,875

NET BOOK VALUE

At 30th September 2025

461,125

At 30th September 2024

448,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

572,984

568,081

Amounts owed by group undertakings

1,168,526

1,278,171

Other debtors

92,214

6,833

1,833,724

1,853,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts

83,700

55,125

Trade creditors

397,311

431,765

Taxation and social security

17,533

154,881

Other creditors

19,165

50,834

517,709

692,605

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts

327,825

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Hire purchase contracts

411,525

55,125

Hire purchase contracts are secured on the assets to which they relate.

9.	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).