Company registration number SC418885 (Scotland)
Ferguson Law Financial Services Ltd
Unaudited financial statements
for the year ended 31 May 2026
Pages for filing with registrar
Ferguson Law Financial Services Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Ferguson Law Financial Services Ltd
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ferguson Law Financial Services Ltd for the year ended 31 May 2026 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the b oard of d irectors of Ferguson Law Financial Services Ltd, as a body, in accordance with the terms of our engagement letter dated 29 March 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Ferguson Law Financial Services Ltd and state those matters that we have agreed to state to the b oard of d irectors of Ferguson Law Financial Services Ltd, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ferguson Law Financial Services Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Ferguson Law Financial Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ferguson Law Financial Services Ltd. You consider that Ferguson Law Financial Services Ltd 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 financial statements of Ferguson Law Financial Services Ltd. 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 f inancial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
14 July 2026
Ferguson Law Financial Services Ltd
Statement of financial position
as at 31 May 2026
31 May 2026
2
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
315
940
Investments
4
90,445
90,011
90,760
90,951
Current assets
Stocks
100
100
Debtors
22,414
30,048
Cash at bank and in hand
482,516
373,586
505,030
403,734
Creditors: amounts falling due within one year
(60,344)
(39,071)
Net current assets
444,686
364,663
Total assets less current liabilities
535,446
455,614
Provisions for liabilities
(14,263)
(13,785)
Net assets
521,183
441,829
Capital and reserves
Called up share capital
100
100
Revaluation reserve
45,679
45,819
Profit and loss reserves
475,404
395,910
Total equity
521,183
441,829

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

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

For the financial year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

Ferguson Law Financial Services Ltd
Statement of financial position (continued)
as at 31 May 2026
31 May 2026
3

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

The financial statements were approved by the board of directors and authorised for issue on 10 July 2026 and are signed on its behalf by:
Zander Milne
Director
Company Registration No. SC418885
Ferguson Law Financial Services Ltd
Notes to the financial statements
for the year ended 31 May 2026
4
1
Accounting policies
Company information

Ferguson Law Financial Services Ltd is a private company limited by shares incorporated in Scotland. The registered office is Inverden House, 1 Queens Lane North, Aberdeen, AB15 4DF.

1.1
Accounting convention

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 are prepared in sterling, which is the functional currency of the company.

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

1.2
Turnover

Turnover represents revenue recognised in the accounts and comprises commissions earned in the year as per insurer records and fees for work carried out in the year on a non-commission basis.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets 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:

Fixtures and fittings
3 and 5 years straight line
Tenant's Improvements
3 years straight line
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Ferguson Law Financial Services Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2026
1
Accounting policies (continued)
5
1.6
Taxation

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

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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.8

Defined contribution plans

The company operates a defined contribution pension scheme and the pension charge represents the amount payable by the company to the fund in respect of the year.

2
Intangible fixed assets
Total
£
Cost
At 1 June 2025 and 31 May 2026
80,200
Amortisation and impairment
At 1 June 2025 and 31 May 2026
80,200
Carrying amount
At 31 May 2026
-
0
At 31 May 2025
-
0
Ferguson Law Financial Services Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2026
6
3
Tangible fixed assets
Total
£
Cost
At 1 June 2025 and 31 May 2026
13,249
Depreciation and impairment
At 1 June 2025
12,309
Depreciation charged in the year
625
At 31 May 2026
12,934
Carrying amount
At 31 May 2026
315
At 31 May 2025
940
4
Fixed asset investments
2026
2025
£
£
Investments
90,445
90,011
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 June 2025
90,011
Additions
228
Valuation changes
478
Disposals
(272)
At 31 May 2026
90,445
Carrying amount
At 31 May 2026
90,445
At 31 May 2025
90,011
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