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REGISTERED NUMBER: 01093145 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2024

for

A & I Fraser Limited

A & I Fraser Limited (Registered number: 01093145)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & I Fraser Limited

Company Information
For The Year Ended 31 January 2024







DIRECTORS: Mr J Fraser
Mr R W Fraser





SECRETARY: Mrs A V Fraser





REGISTERED OFFICE: 7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN





REGISTERED NUMBER: 01093145 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

A & I Fraser Limited (Registered number: 01093145)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,820,859 5,701,414

CURRENT ASSETS
Stocks 188,423 237,800
Debtors 5 259,920 89,962
Cash at bank 1,217,992 1,570,476
1,666,335 1,898,238
CREDITORS
Amounts falling due within one year 6 287,510 519,539
NET CURRENT ASSETS 1,378,825 1,378,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,199,684

7,080,113

CREDITORS
Amounts falling due after more than one year 7 - (3,122 )

PROVISIONS FOR LIABILITIES (52,700 ) (36,578 )
NET ASSETS 7,146,984 7,040,413

A & I Fraser Limited (Registered number: 01093145)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,146,884 7,040,313
7,146,984 7,040,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mr J Fraser - Director



Mr R W Fraser - Director


A & I Fraser Limited (Registered number: 01093145)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

A & I Fraser 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

A & I Fraser Limited (Registered number: 01093145)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 5,217,210 208,838 1,037,727 47,850 6,511,625
Additions - 54,011 192,248 5,400 251,659
Disposals - - (65,000 ) (5,400 ) (70,400 )
At 31 January 2024 5,217,210 262,849 1,164,975 47,850 6,692,884
DEPRECIATION
At 1 February 2023 - 87,739 690,906 31,566 810,211
Charge for year - 21,202 78,245 4,071 103,518
Eliminated on disposal - - (41,704 ) - (41,704 )
At 31 January 2024 - 108,941 727,447 35,637 872,025
NET BOOK VALUE
At 31 January 2024 5,217,210 153,908 437,528 12,213 5,820,859
At 31 January 2023 5,217,210 121,099 346,821 16,284 5,701,414

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 176,140
DEPRECIATION
At 1 February 2023 75,925
Charge for year 19,471
At 31 January 2024 95,396
NET BOOK VALUE
At 31 January 2024 80,744
At 31 January 2023 100,215

A & I Fraser Limited (Registered number: 01093145)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,040 88,392
Other debtors 17,880 1,570
259,920 89,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,683 16,458
Trade creditors 5,477 30,916
Taxation and social security 31,137 173,430
Other creditors 247,213 298,735
287,510 519,539

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 3,122

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 3,683 19,580