Company registration number SC746145 (Scotland)
K D FERGUSON LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
K D FERGUSON LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
K D FERGUSON LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
539,237
553,576
Current assets
Trade and other receivables
4
57,151
69,868
Cash and cash equivalents
5,058
13,938
62,209
83,806
Current liabilities
5
(126,199)
(104,425)
Net current liabilities
(63,990)
(20,619)
Total assets less current liabilities
475,247
532,957
Non-current liabilities
6
(329,450)
(366,196)
Net assets
145,797
166,761
Equity
Called up share capital
7
100
100
Retained earnings
145,697
166,661
Total equity
145,797
166,761

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 March 2026 and are signed on its behalf by:
Mr K D Ferguson
Director
Company registration number SC746145 (Scotland)
K D FERGUSON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

K D Ferguson Ltd is a private company limited by shares incorporated in Scotland. The registered office is 2 Melville Street, Falkirk, Scotland, FK1 1HZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

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

K D FERGUSON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.6
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Property, plant and equipment
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 November 2024
740,500
15,995
756,495
Additions
185,000
13,537
198,537
Disposals
(120,000)
(15,995)
(135,995)
At 31 October 2025
805,500
13,537
819,037
Depreciation and impairment
At 1 November 2024
195,798
7,121
202,919
Depreciation charged in the year
93,368
3,384
96,752
Eliminated in respect of disposals
(12,750)
(7,121)
(19,871)
At 31 October 2025
276,416
3,384
279,800
Carrying amount
At 31 October 2025
529,084
10,153
539,237
At 31 October 2024
544,702
8,874
553,576
K D FERGUSON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
7,151
8,216
Other receivables
50,000
61,652
57,151
69,868
5
Current liabilities
2025
2024
£
£
Corporation tax
16
25
Other taxation and social security
12,087
-
0
Other payables
114,096
104,400
126,199
104,425
6
Non-current liabilities
2025
2024
£
£
Other payables
329,450
366,196
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
80
80
80
80
Ordinary B Shares of £1 each
20
20
20
20
100
100
100
100
2025-10-31 2024-11-01 false false false 02 March 2026 CCH Software CCH Accounts Production 2025.300 The principal activity of the company continued to be that of logging.
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