Company registration number SC373929 (Scotland)
FRAZER COOGANS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FRAZER COOGANS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FRAZER COOGANS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
161,250
191,250
Tangible assets
5
24,062
22,447
185,312
213,697
Current assets
Debtors
6
778,110
700,820
Cash at bank and in hand
276,378
194,057
1,054,488
894,877
Creditors: amounts falling due within one year
7
(271,807)
(262,792)
Net current assets
782,681
632,085
Total assets less current liabilities
967,993
845,782
Creditors: amounts falling due after more than one year
8
-
0
(24,056)
Provisions for liabilities
(5,837)
(5,394)
Net assets
962,156
816,332
Capital and reserves
Called up share capital
9
102
102
Profit and loss reserves
962,054
816,230
Total equity
962,156
816,332

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

FRAZER COOGANS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 May 2025 and are signed on its behalf by:
Mrs C Brodie
Director
Company Registration No. SC373929
FRAZER COOGANS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Frazer Coogans Ltd is a private company limited by shares incorporated in Scotland. The registered office is Dalblair House, 46 Dalblair Road, Ayr, Ayrshire, United Kingdom, KA7 1UQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years. During the year there was the acquisition of another business. This is being amortised evenly over its estimated useful life of twenty years.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 25% on cost and 20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FRAZER COOGANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
41
44
3
Directors' remuneration
2025
2024
£
£
Remuneration paid to directors
208,657
130,736
FRAZER COOGANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
600,000
Amortisation and impairment
At 1 April 2024
408,750
Amortisation charged for the year
30,000
At 31 March 2025
438,750
Carrying amount
At 31 March 2025
161,250
At 31 March 2024
191,250
5
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 April 2024
5,719
103,872
109,591
Additions
-
0
6,831
6,831
Disposals
-
0
(50,254)
(50,254)
At 31 March 2025
5,719
60,449
66,168
Depreciation and impairment
At 1 April 2024
5,719
81,425
87,144
Depreciation charged in the year
-
0
5,216
5,216
Eliminated in respect of disposals
-
0
(50,254)
(50,254)
At 31 March 2025
5,719
36,387
42,106
Carrying amount
At 31 March 2025
-
0
24,062
24,062
At 31 March 2024
-
0
22,447
22,447
FRAZER COOGANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
679,929
583,012
Other debtors
61,568
68,756
Prepayments and accrued income
36,613
49,052
778,110
700,820
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
60,495
Obligations under finance leases
27,436
41,129
Other borrowings
46,457
408
Trade creditors
640
-
0
Corporation tax
80,475
51,458
Other taxation and social security
111,215
93,229
Accruals and deferred income
5,584
16,073
271,807
262,792
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
24,056
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary shares A of £1 each
1
1
1
1
Ordinary shares B of £1 each
1
1
1
1
102
102
102
102
10
Ultimate controlling party

The Ultimate Controlling Party is Frazer Coogans Holdings Limited.

2025-03-312024-04-01falsefalsefalse19 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr N GeddesMrs C BrodieMrs V A KerrMr A ChristiSC3739292024-04-012025-03-31SC3739292025-03-31SC3739292024-03-31SC373929core:Goodwill2025-03-31SC373929core:Goodwill2024-03-31SC373929core:LandBuildingscore:LeasedAssetsHeldAsLessee2025-03-31SC373929core:PlantMachinery2025-03-31SC373929core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-03-31SC373929core:PlantMachinery2024-03-31SC373929core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-31SC373929core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-31SC373929core:Non-currentFinancialInstrumentscore:AfterOneYear2025-03-31SC373929core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-31SC373929core:CurrentFinancialInstruments2025-03-31SC373929core:CurrentFinancialInstruments2024-03-31SC373929core:ShareCapital2025-03-31SC373929core:ShareCapital2024-03-31SC373929core:RetainedEarningsAccumulatedLosses2025-03-31SC373929core:RetainedEarningsAccumulatedLosses2024-03-31SC373929core:ShareCapitalOrdinaryShareClass12025-03-31SC373929core:ShareCapitalOrdinaryShareClass12024-03-31SC373929core:ShareCapitalOrdinaryShareClass22025-03-31SC373929core:ShareCapitalOrdinaryShareClass22024-03-31SC373929core:ShareCapitalOrdinaryShareClass32025-03-31SC373929core:ShareCapitalOrdinaryShareClass32024-03-31SC373929core:ShareCapitalOrdinaryShares2025-03-31SC373929core:ShareCapitalOrdinaryShares2024-03-31SC373929bus:Director22024-04-012025-03-31SC373929core:Goodwill2024-04-012025-03-31SC373929core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-31SC373929core:PlantMachinery2024-04-012025-03-31SC3739292023-04-012024-03-31SC373929core:Goodwill2024-03-31SC373929core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-03-31SC373929core:PlantMachinery2024-03-31SC3739292024-03-31SC373929core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-04-012025-03-31SC373929core:Non-currentFinancialInstruments2025-03-31SC373929core:Non-currentFinancialInstruments2024-03-31SC373929bus:OrdinaryShareClass12024-04-012025-03-31SC373929bus:OrdinaryShareClass22024-04-012025-03-31SC373929bus:OrdinaryShareClass32024-04-012025-03-31SC373929bus:OrdinaryShareClass12025-03-31SC373929bus:OrdinaryShareClass12024-03-31SC373929bus:OrdinaryShareClass22025-03-31SC373929bus:OrdinaryShareClass22024-03-31SC373929bus:OrdinaryShareClass32025-03-31SC373929bus:OrdinaryShareClass32024-03-31SC373929bus:AllOrdinaryShares2025-03-31SC373929bus:AllOrdinaryShares2024-03-31SC373929bus:PrivateLimitedCompanyLtd2024-04-012025-03-31SC373929bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SC373929bus:FRS1022024-04-012025-03-31SC373929bus:AuditExemptWithAccountantsReport2024-04-012025-03-31SC373929bus:Director12024-04-012025-03-31SC373929bus:Director32024-04-012025-03-31SC373929bus:Director42024-04-012025-03-31SC373929bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP