P Ferguson & Sons Limited 31/03/2025 iXBRL

Company registration number: NI012048

P Ferguson & Sons Limited

Filleted financial statements

31 March 2025

P Ferguson & Sons Limited

Contents

Directors and other information

Balance sheet

Statement of changes in equity

Notes to the financial statements

P Ferguson & Sons Limited

Directors and other information


	Directors	Mr Seamus Ferguson
		Mr Edward Ferguson
		Mr Patrick Ferguson Jnr


	Secretary	Edward Ferguson


	Company number	NI012048


	Registered office	"Sinclair"
		8 Maple Road
		Coshquin
		Derry
		BT48 0NH


	Auditor	Fergus McAteer & Co.
		31/33 Clarendon Street
		Derry
		BT48 7ER




	Bankers	Bank of Ireland
		Culmore Road
		Derry
		BT48 8JB


	Solicitors	Hasson & Co
		39 - 41 Clarendon Street
		Derry
		BT48 7ER

P Ferguson & Sons Limited

Balance sheet

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	1,339,002		1,413,368
		_______		_______
			1,339,002		1,413,368

Current assets
Stocks	5	523,736		645,214
Debtors	6	498,635		711,813
Cash at bank and in hand		2,328,127		2,874,652
		_______		_______
		3,350,498		4,231,679
Creditors: amounts falling due
within one year	7	( 605,708)		( 1,306,714)
		_______		_______
Net current assets			2,744,790		2,924,965
			_______		_______
Total assets less current liabilities			4,083,792		4,338,333


Provisions for liabilities			( 126,989)		( 136,506)

			_______		_______
Net assets			3,956,803		4,201,827
			_______		_______

Capital and reserves
Called up share capital	8		71,398		71,398
User defined reserve 3	9		492,049		525,899
Profit and loss account	9		3,393,356		3,604,530
			_______		_______
Shareholders funds			3,956,803		4,201,827
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr Edward Ferguson

Director

Company registration number: NI012048

P Ferguson & Sons Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	User defined reserve 3	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	71,398	538,095	3,714,115	4,323,608

Loss for the year			( 59,585)	( 59,585)
Other comprehensive income for the year:
Foreign currency retranslation		( 12,196)	-	( 12,196)
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 12,196)	( 59,585)	( 71,781)

Dividends paid and payable			( 50,000)	( 50,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 50,000)	( 50,000)

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	71,398	525,899	3,604,526	4,201,823

Loss for the year			( 161,170)	( 161,170)
Other comprehensive income for the year:
Foreign currency retranslation		( 33,850)	-	( 33,850)
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 33,850)	( 161,170)	( 195,020)

Dividends paid and payable			( 50,000)	( 50,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 50,000)	( 50,000)

	_______	_______	_______	_______
At 31 March 2025	71,398	492,049	3,393,356	3,956,803
	_______	_______	_______	_______

P Ferguson & Sons Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is P Ferguson & Sons Limited, "Sinclair", 8 Maple Road, Coshquin, Derry, BT48 0NH.

2. Accounting policies

Basis of preparation and statement of compliance

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention . The financial statements are presented in sterling which is the functional currency of the company.The principal activities of the company during the year continued to be coal and oil distribution (wholesale and retail), petrol station and shop, haulage and farm lettings.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the Profit & Loss Account except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions .

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Buildings	-	4 %	straight line
Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Stocks are also assessed for impairment at each reporting date and provision is made immediately in the profit and loss account for damaged, obsolete and slow-moving stock where appropriate.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. The company only holds basic financial instruments at the reporting date .

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 46 (2024: 44 ).

4. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£	£
Cost
At 1 April 2024	741,198	400,208	1,093,690	34,868	1,277,356	3,547,320
Additions	-	-	-	-	76,500	76,500
	_______	_______	_______	_______	_______	_______
At 31 March 2025	741,198	400,208	1,093,690	34,868	1,353,856	3,623,820
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	446,495	-	974,895	34,365	678,199	2,133,954
Charge for the year	24,267	-	30,749	236	95,612	150,864
	_______	_______	_______	_______	_______	_______
At 31 March 2025	470,762	-	1,005,644	34,601	773,811	2,284,818
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	270,436	400,208	88,046	267	580,045	1,339,002
	_______	_______	_______	_______	_______	_______
At 31 March 2024	294,703	400,208	118,795	503	599,157	1,413,366
	_______	_______	_______	_______	_______	_______

5. Stocks

	2025	2024
	£	£
Finished goods	523,736	645,214
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	350,628	536,927
Other debtors	148,007	174,886
	_______	_______
	498,635	711,813
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	545	331
Trade creditors	335,803	927,049
Corporation tax	3,991	74,226
Social security and other taxes	20,497	18,243
Other creditors	244,872	286,865
	_______	_______
	605,708	1,306,714
	_______	_______

8. Called up share capital

Authorised share capital

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100,000	100,000	100,000	100,000
	_______	_______	_______	_______

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	71,398	71,398	71,398	71,398
	_______	_______	_______	_______

9. Reserves

Profit and loss account:The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.Foreign currency retranslation reserve:Where assets and liabilities are measured in foreign currency the change in the year is transferred to the foreign currency retranslation reserve, instead of a transfer to retained earnings, to assist with the identification of profits available for distribution .

10. Contingent assets and liabilities

There were no contingent assets or liabilities at the period end other than those already disclosed in the financial statements.

11. Summary audit opinion

The auditor's report dated 16 December 2025 was unqualified.

The senior statutory auditor was Conor McAteer for and on behalf of Fergus McAteer & Co.

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Directors	-	-	37,962	37,962
	_______	_______	_______	_______