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Registration number: SC104045

Fergusons of Stirling Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Fergusons of Stirling Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 7

Fergusons of Stirling Limited

Company Information

Directors | A M Laing T Laing

Company secretary | A M Laing

Registered office Registered number | 2 Cunningham Road Stirling FK7 7SW SC104045

Accountants | Brown, Scott & Main Chartered Accountants 91 West Savile Terrace Edinburgh EH9 3DP

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Fergusons of Stirling Limited
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fergusons of Stirling Limited for the year ended 30 September 2025 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Fergusons of Stirling Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that Fergusons of Stirling 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 loss of Fergusons of Stirling Limited. You consider that Fergusons of Stirling 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 Fergusons of Stirling 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.

......................................
Brown, Scott & Main
Chartered Accountants
91 West Savile Terrace
Edinburgh
EH9 3DP

16 January 2026

Fergusons of Stirling Limited

(Registration number: SC104045)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 98 | -
Current assets |  |  |
Stock | 5 | 18,477 | 13,509
Debtors | 6 | 749 | 977
Cash at bank and in hand |  | 585 | 1,265
|  | 19,811 | 15,751
Creditors: Amounts falling due within one year | 7 | (72,645) | (57,337)
Net current liabilities |  | (52,834) | (41,586)
Net liabilities |  | (52,736) | (41,586)
Capital and reserves |  |  |
Called up share capital | 8 | 241,623 | 241,623
Retained earnings |  | (294,359) | (283,209)
Shareholders' deficit |  | (52,736) | (41,586)

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2026 and signed on its behalf by:

......................................... T Laing Director

Fergusons of Stirling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office and place of business is:
2 Cunningham Road
Stirling
FK7 7SW
Scotland

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is sterling.

Revenue recognition

Turnover represents the value of motor vehicle parts and accessories sold during the period, stated after deduction of trade discounts and value added tax, and is recognised on completion of delivery of goods to customers.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. A deferred tax asset of £52,925 (2024 £50,260) arising from historic trading losses has not been recognised in these financial statements as there is unsufficient evidence the asset is recoverable.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Fergusons of Stirling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, less residual value, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and equipment | Straight line over 4 years
Motor vehicles | Straight line over 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stock

Stocks are valued at the lower of cost and net realisable value and comprise motor vehicle parts and accessories for resale. Cost is calculated on a first in first out basis.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Fergusons of Stirling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Defined contribution pension obligation

The company operates a defined contribution plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost
At 1 October 2024 | 2,398 | 2,398
Additions | 131 | 131
At 30 September 2025 | 2,529 | 2,529
Depreciation
At 1 October 2024 | 2,398 | 2,398
Charge for the year | 33 | 33
At 30 September 2025 | 2,431 | 2,431
Carrying amount
At 30 September 2025 | 98 | 98
At 30 September 2024 | - | -

5 | Stock

| 2025 £ | 2024 £
Motor vehicle parts | 18,477 | 13,509

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 449 | 677
Prepayments | 300 | 300
| 749 | 977

Fergusons of Stirling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 4,778 | 7,865
Trade creditors |  | 22,304 | 21,240
Taxation and social security |  | 4,805 | 5,216
Accruals and deferred income |  | 4,614 | 4,690
Other creditors |  | 36,144 | 18,326
|  | 72,645 | 57,337

Creditors falling due within one year include an overdraft totalling £4,778 (2024 £7,865) which is secured by a bond and floating charge over the company's assets. Other creditors include directors' loans of £25,672.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 241,623 | 241,623 | 241,623 | 241,623

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts (secured) | 4,778 | 7,865

10 | Obligations under leases and hire purchase contracts

The company has an annual rolling commitment of £1,050 for rent.

11 | Related party transactions

Included within other creditors due within one year are loans totalling £25,672 (2024 £18,326) due to the directors. These loans are interest free and have no fixed repayment dates.