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REGISTERED NUMBER: SC733447 (Scotland)















Financial Statements for the Period 24 May 2022 to 30 June 2023

for

Fraser Lee Joiners & Building
Contractors Ltd

Fraser Lee Joiners & Building
Contractors Ltd (Registered number: SC733447)






Contents of the Financial Statements
for the Period 24 May 2022 to 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Fraser Lee Joiners & Building
Contractors Ltd

Company Information
for the Period 24 May 2022 to 30 June 2023







DIRECTORS: D Fraser Lee
Ms J McDonald





REGISTERED OFFICE: Craigrathan
Station Road
Beauly
IV4 7EH





REGISTERED NUMBER: SC733447 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Fraser Lee Joiners & Building
Contractors Ltd (Registered number: SC733447)

Abridged Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 67,500
Tangible assets 5 40,383
107,883

CURRENT ASSETS
Debtors 82,830
Cash at bank 71,192
154,022
CREDITORS
Amounts falling due within one year 136,683
NET CURRENT ASSETS 17,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,222

PROVISIONS FOR LIABILITIES 10,096
NET ASSETS 115,126

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 115,026
SHAREHOLDERS' FUNDS 115,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 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.

Fraser Lee Joiners & Building
Contractors Ltd (Registered number: SC733447)

Abridged Balance Sheet - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 February 2024 and were signed on its behalf by:




D Fraser Lee - Director



Ms J McDonald - Director


Fraser Lee Joiners & Building
Contractors Ltd (Registered number: SC733447)

Notes to the Financial Statements
for the Period 24 May 2022 to 30 June 2023

1. STATUTORY INFORMATION

Fraser Lee Joiners & Building Contractors Ltd 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 2022, 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and Machinery - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

Taxation
Taxation for the period 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 period 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 Lee Joiners & Building
Contractors Ltd (Registered number: SC733447)

Notes to the Financial Statements - continued
for the Period 24 May 2022 to 30 June 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 period was 9 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 75,000
At 30 June 2023 75,000
AMORTISATION
Amortisation for period 7,500
At 30 June 2023 7,500
NET BOOK VALUE

At 30 June 2023 67,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 52,063
At 30 June 2023 52,063
DEPRECIATION
Charge for period 11,680
At 30 June 2023 11,680
NET BOOK VALUE
At 30 June 2023 40,383

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2023:

£   
D Fraser Lee
Balance outstanding at start of period -
Amounts advanced 2,609
Amounts repaid (10,328 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (7,719 )