REGISTERED NUMBER: SC571738 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Ferguson Kellock Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A N Kellock

REGISTERED OFFICE:

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

REGISTERED NUMBER:

SC571738 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

3

118,376

137,380

CURRENT ASSETS

Stocks

149,402

65,667

Debtors

4

100,404

85,895

Cash at bank and in hand

4

271

249,810

151,833

CREDITORS

Amounts falling due within one year

5

314,928

206,259

NET CURRENT LIABILITIES

(65,118

)

(54,426

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,258

82,954

CREDITORS

Amounts falling due after more than one year

6

(26,789

)

(56,362

)

PROVISIONS FOR LIABILITIES

(26,166

)

(26,102

)

NET ASSETS

303

490

CAPITAL AND RESERVES

Called up share capital

102

100

Retained earnings

201

390

SHAREHOLDERS' FUNDS

303

490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2026 and were signed by:

A N Kellock - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

221,167

Additions

21,714

Disposals

(15,606

)

At 31 July 2025

227,275

DEPRECIATION

At 1 August 2024

83,787

Charge for year

34,134

Eliminated on disposal

(9,022

)

At 31 July 2025

108,899

NET BOOK VALUE

At 31 July 2025

118,376

At 31 July 2024

137,380

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

45,994

39,431

Other debtors

54,410

46,464

100,404

85,895

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

39,324

9,965

Hire purchase contracts

26,639

28,056

Trade creditors

151,745

98,009

Taxation and social security

71,606

47,016

Other creditors

25,614

23,213

314,928

206,259

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

9,655

667

Hire purchase contracts

17,134

55,695

26,789

56,362

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Amounts due from directors are unsecured, interest free and have no fixed terms of repayment.