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REGISTERED NUMBER: 09424667 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Fraser Designs Ltd

Fraser Designs Ltd (Registered number: 09424667)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fraser Designs Ltd

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr D K J A Fraser
Mrs M Fraser





SECRETARY:





REGISTERED OFFICE: Unit 16, Roundhouse Court
Barnes Wallace Way
Buckshaw Village
Chorley
Lancashire
PR7 7JN





REGISTERED NUMBER: 09424667 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Fraser Designs Ltd (Registered number: 09424667)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,000
Tangible assets 5 10,328 11,687
16,328 17,687

CURRENT ASSETS
Stocks 37,800 21,000
Debtors 6 - 1,085
Cash at bank 6,353 3,483
44,153 25,568
CREDITORS
Amounts falling due within one year 7 10,873 7,812
NET CURRENT ASSETS 33,280 17,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,608

35,443

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 49,606 35,441
SHAREHOLDERS' FUNDS 49,608 35,443

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Fraser Designs Ltd (Registered number: 09424667)

Balance Sheet - continued
31st May 2024


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 11th February 2025 and were signed on its behalf by:




Mr D K J A Fraser - Director



Mrs M Fraser - Director


Fraser Designs Ltd (Registered number: 09424667)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Fraser Designs Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fraser Designs Ltd (Registered number: 09424667)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st June 2023
and 31st May 2024 6,000
NET BOOK VALUE
At 31st May 2024 6,000
At 31st May 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 34,147
Additions 4,001
At 31st May 2024 38,148
DEPRECIATION
At 1st June 2023 22,460
Charge for year 5,360
At 31st May 2024 27,820
NET BOOK VALUE
At 31st May 2024 10,328
At 31st May 2023 11,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors - 1,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 4,886 7,093
Taxation and social security 3,233 5
Other creditors 2,754 714
10,873 7,812

Fraser Designs Ltd (Registered number: 09424667)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2