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REGISTERED NUMBER: 07171575 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Fraser Munro Limited

Fraser Munro Limited (Registered number: 07171575)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fraser Munro Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: F G S Munro





REGISTERED OFFICE: Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD





REGISTERED NUMBER: 07171575 (England and Wales)





ACCOUNTANTS: David Lindon & Co
Chartered Accountants
Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD

Fraser Munro Limited (Registered number: 07171575)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,460 1,947

CURRENT ASSETS
Debtors 5 720 -
Cash at bank 28,331 25,563
29,051 25,563
CREDITORS
Amounts falling due within one year 6 10,102 13,963
NET CURRENT ASSETS 18,949 11,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,409

13,547

PROVISIONS FOR LIABILITIES 277 370
NET ASSETS 20,132 13,177

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 20,131 13,176
SHAREHOLDERS' FUNDS 20,132 13,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Fraser Munro Limited (Registered number: 07171575)

Balance Sheet - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





F G S Munro - Director


Fraser Munro Limited (Registered number: 07171575)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Fraser Munro Limited is a private company, limited by shares , registered in England and Wales. 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 (£).


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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fraser Munro Limited (Registered number: 07171575)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 1,207 15,159 16,366
DEPRECIATION
At 1 March 2022 1,148 13,271 14,419
Charge for year 15 472 487
At 28 February 2023 1,163 13,743 14,906
NET BOOK VALUE
At 28 February 2023 44 1,416 1,460
At 28 February 2022 59 1,888 1,947

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 720 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 5,008 4,152
Social security and other taxes 75 140
Pension payable 47 48
VAT 3,666 8,629
Directors' current accounts 1,306 994
10,102 13,963

Fraser Munro Limited (Registered number: 07171575)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1