REGISTERED NUMBER: SC456386 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

FERGUSONS (STORNOWAY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Ferguson

Mrs C Mackinnon

REGISTERED OFFICE:

Unit 5

Rigs Road Industrial Estate

Stornoway

Isle of Lewis

HS1 2RF

REGISTERED NUMBER:

SC456386 (Scotland)

ACCOUNTANTS:

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

BANKERS:

Bank of Scotland

47 Cromwell Street

Stornoway

Isle of Lewis

HS1 2DE

FIXED ASSETS

27,000

Intangible assets

4

24,000

27,000

Tangible assets

5

20,224

54,000

44,224

CURRENT ASSETS

10,533

Stocks

10,000

39,675

Debtors

6

40,544

97,495

Cash at bank and in hand

127,107

147,703

177,651

CREDITORS

74,495

Amounts falling due within one year

7

80,394

73,208

NET CURRENT ASSETS

97,257

127,208

TOTAL ASSETS LESS CURRENT LIABILITIES

141,481

CREDITORS

13,363

Amounts falling due after more than one year

8

7,751

113,845

NET ASSETS

133,730

CAPITAL AND RESERVES

1

Called up share capital

1

113,844

Retained earnings

133,729

113,845

SHAREHOLDERS' FUNDS

133,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 31 October 2026 and were signed on its behalf by:

N Ferguson - Director

1.	STATUTORY INFORMATION

Fergusons (Stornoway) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £1.

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 2014, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery etc

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

60,000

AMORTISATION

At 1 November 2024

33,000

Charge for year

3,000

At 31 October 2025

36,000

NET BOOK VALUE

At 31 October 2025

24,000

At 31 October 2024

27,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

76,615

DEPRECIATION

At 1 November 2024

49,615

Charge for year

6,776

At 31 October 2025

56,391

NET BOOK VALUE

At 31 October 2025

20,224

At 31 October 2024

27,000

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

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

45,038

DEPRECIATION

At 1 November 2024

21,438

Charge for year

5,913

At 31 October 2025

27,351

NET BOOK VALUE

At 31 October 2025

17,687

At 31 October 2024

23,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

40,544

39,675

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

7,315

7,315

Trade creditors

34,382

38,032

Taxation and social security

33,285

24,023

Other creditors

5,412

5,125

80,394

74,495

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

7,751

13,363

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank of Scotland PLC have a floating charge over the assets of the company as a continuing security for the payment or discharge of any secured liabilities.

10.	RELATED PARTY DISCLOSURES

Creditors due within one year includes amounts due to the director of £835 (2024 - £835). This balance does not have any scheduled repayment dates and no interest is payable on the amounts due.