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REGISTERED NUMBER: 02666652 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FRASER DESIGN ASSOCIATES LIMITED

FRASER DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 02666652)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRASER DESIGN ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A R Fraser
F Fraser





SECRETARY: F Fraser





REGISTERED OFFICE: C/O Hillier Hopkins Llp First Floor
Radius House
51 Clarendon Road
Watford
WD17 1HP





REGISTERED NUMBER: 02666652 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

FRASER DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 02666652)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,603 6,085

CURRENT ASSETS
Debtors 5 50,785 43,765
Cash at bank and in hand 1,542 10,121
52,327 53,886
CREDITORS
Amounts falling due within one year 6 55,900 31,432
NET CURRENT (LIABILITIES)/ASSETS (3,573 ) 22,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030

28,539

CREDITORS
Amounts falling due after more than one
year

7

98,860

126,487
NET LIABILITIES (97,830 ) (97,948 )

CAPITAL AND RESERVES
Called up share capital 11,288 11,288
Retained earnings (109,118 ) (109,236 )
SHAREHOLDERS' FUNDS (97,830 ) (97,948 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 02666652)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





A R Fraser - Director


FRASER DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 02666652)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Fraser Design Associates 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.

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.

The directors have reviewed the ability of the company to continue as a going concern and in their opinion the preparation of the financial statements as a going concern is appropriate. The shareholders have undertaken, without contractual commitment, to provide their ongoing support if necessary to meet the company's obligations and liabilities as and when they fall due.

Turnover
Turnover represents the fair value of the consideration received or receivable for the value of design, branding and marketing agency services provided during the period.

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 - 33% on cost and 20% on reducing balance

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.

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 NIL (2022 - NIL).

FRASER DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 02666652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 836,581
Additions 456
At 31 December 2023 837,037
DEPRECIATION
At 1 January 2023 830,496
Charge for year 1,938
At 31 December 2023 832,434
NET BOOK VALUE
At 31 December 2023 4,603
At 31 December 2022 6,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,538 769
Other debtors 40,247 42,996
50,785 43,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,686 21,714
Trade creditors 2,996 1,967
Taxation and social security 19,263 2,652
Other creditors 4,955 5,099
55,900 31,432

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 98,860 126,487