Fernhaul Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Fernhaul Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Fernhaul Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of Fernhaul Limited , as a body, in accordance with the terms of our engagement letter dated 12 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Fernhaul Limited and state those matters that we have agreed to state to the directors of Fernhaul Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fernhaul Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Fernhaul Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fernhaul Limited . You consider that Fernhaul Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Fernhaul Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Signed

9 December 2025

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Fernhaul Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC470385

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		10,022		12,527
Tangible Assets	5		262,516		209,609

			272,538		222,136
CURRENT ASSETS
Debtors	6	106,084		133,682
Cash at bank and in hand		66,803		39,984

		172,887		173,666
Creditors: Amounts Falling Due Within One Year	7	(186,847 )		(185,595 )

NET CURRENT ASSETS (LIABILITIES)			(13,960 )		(11,929 )

TOTAL ASSETS LESS CURRENT LIABILITIES			258,578		210,207

PROVISIONS FOR LIABILITIES
Deferred Taxation			(57,394 )		(52,402 )

NET ASSETS			201,184		157,805

CAPITAL AND RESERVES
Called up share capital	8		101		101
Profit and Loss Account			201,083		157,704

SHAREHOLDERS' FUNDS			201,184		157,805

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Fernhaul Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs S Balloch

Director

9 December 2025

The notes on pages 4 to 6 form part of these financial statements.

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Fernhaul Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Fernhaul Limited is a private company, limited by shares, incorporated in Scotland, registered number SC470385 . The registered office is Unit 13a Greendykes Industrial Estate, Broxburn, West Lothian, EH52 6PG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life at 20% reducing balance.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% straight line

2.5. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Fernhaul Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 7)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	100,000

As at 31 March 2025	100,000

Amortisation
As at 1 April 2024	87,473
Provided during the period	2,505

As at 31 March 2025	89,978

Net Book Value
As at 31 March 2025	10,022

As at 1 April 2024	12,527

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	917	422,425	7,815	431,157
Additions	-	119,445	-	119,445

As at 31 March 2025	917	541,870	7,815	550,602

Depreciation
As at 1 April 2024	367	214,184	6,997	221,548
Provided during the period	183	65,537	818	66,538

As at 31 March 2025	550	279,721	7,815	288,086

Net Book Value
As at 31 March 2025	367	262,149	-	262,516

As at 1 April 2024	550	208,241	818	209,609

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	101,046	129,589
Other debtors	5,038	4,093

	106,084	133,682

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Fernhaul Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	126,292	133,002
Taxation and social security	60,555	52,593

	186,847	185,595

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	101	101

9. Related Party Disclosures

The company operates a loan account with the directors, Mr R J Balloch and Mrs S J Balloch.

During the year, the company repaid loans totalling £5,703 to the directors. At the year end, the balance due to the directors was £124,733 (2024: £130,435). This loan is unsecured, interest free and has no fixed repayment terms.

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