REGISTERED NUMBER: SC393727 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

KENNETH FERGUSON ELECTRICAL CONTRACTOR

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Ferguson

Mrs F M Ferguson

REGISTERED OFFICE:

Broombank

North Connel

Oban

Argyll

PA37 1RD

REGISTERED NUMBER:

SC393727 (Scotland)

ACCOUNTANTS:

Andy Newiss & Co Ltd

Broombank

North Connel

Oban

Argyll

PA37 1RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

176,057

146,918

176,057

146,918

CURRENT ASSETS

Stocks

122,711

81,558

Debtors

6

119,638

125,479

Cash at bank and in hand

179

4,359

242,528

211,396

CREDITORS

Amounts falling due within one year

7

291,969

289,381

NET CURRENT LIABILITIES

(49,441

)

(77,985

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,616

68,933

CREDITORS

Amounts falling due after more than one year

8

(102,948

)

(46,849

)

PROVISIONS FOR LIABILITIES

(21,997

)

(15,286

)

NET ASSETS

1,671

6,798

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,571

6,698

SHAREHOLDERS' FUNDS

1,671

6,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

K Ferguson - Director

1.	STATUTORY INFORMATION

Kenneth Ferguson Electrical Contractor Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 and deferred 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 or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

8,000

AMORTISATION

At 1 April 2025

and 31 March 2026

8,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

61,651

18,283

1,629

Additions

-

5,711

69

Disposals

-

-

-

At 31 March 2026

61,651

23,994

1,698

DEPRECIATION

At 1 April 2025

2,466

11,149

1,038

Charge for year

1,233

3,211

99

At 31 March 2026

3,699

14,360

1,137

NET BOOK VALUE

At 31 March 2026

57,952

9,634

561

At 31 March 2025

59,185

7,134

591

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

189,137

8,226

278,926

Additions

71,000

789

77,569

Disposals

(7,917

)

-

(7,917

)

At 31 March 2026

252,220

9,015

348,578

DEPRECIATION

At 1 April 2025

112,421

4,934

132,008

Charge for year

34,950

1,020

40,513

At 31 March 2026

147,371

5,954

172,521

NET BOOK VALUE

At 31 March 2026

104,849

3,061

176,057

At 31 March 2025

76,716

3,292

146,918

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

163,066

Additions

71,000

Disposals

(7,917

)

At 31 March 2026

226,149

DEPRECIATION

At 1 April 2025

and 31 March 2026

87,572

NET BOOK VALUE

At 31 March 2026

138,577

At 31 March 2025

75,494

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

103,112

124,686

Other debtors

16,526

793

119,638

125,479

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

42,945

10,462

Hire purchase contracts

45,614

33,369

Trade creditors

100,991

65,452

Taxation and social security

18,621

18,586

Other creditors

83,798

161,512

291,969

289,381

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

36,375

1,769

Hire purchase contracts

66,573

45,080

102,948

46,849